T3 Defense Inc. Announces Private Placement of up to $20 Million to Accelerate Acquisition Strategy

T3 Defense (NASDAQ: DFNS) entered definitive agreements for a committed private placement of up to $20 million from existing shareholder Esousa Group Holdings.

Rhea-AI Summary

T3 Defense (NASDAQ: DFNS) entered definitive agreements for a committed private placement of up to $20 million from existing shareholder Esousa Group Holdings. The two-tranche financing provides $10 million at closing with a conditional second $10 million tranche tied to registration, shareholder approval, Nasdaq continued-listing compliance and market conditions. Proceeds will target acquisitions in the A&D sector, working capital for multi-year programs, balance sheet flexibility and operational capacity across portfolio companies. Investment is via newly created convertible preferred shares and warrants; investor ownership is limited to 9.99%. Dawson James Securities is exclusive placement agent.

Positive

• $20M committed private placement for acquisition funding
• $10M funded at closing to support immediate needs
• Financing structured as convertible preferred shares + warrants
• Proceeds earmarked for A&D acquisitions, working capital and balance-sheet flexibility
• 9.99% investor ownership limit

Negative

• Second $10M tranche contingent on registration, shareholder approval and Nasdaq compliance
• Convertible preferred and warrants create potential dilution to existing shareholders

Argus Feb 25 session

-1.88% close to close Open Argus

Details

News Market Reaction – DFNS

On Feb 25, the day this news came out, DFNS closed 1.88% below the previous close.

Data tracked by StockTitan Argus for the Feb 25 session.

Key Figures

Private placement size: $20 million First tranche funding: $10 million Second tranche commitment: $10 million +5 more

Private placement size

$20 million

Committed two-tranche investment from Esousa Group Holdings

First tranche funding

$10 million

Funded at closing of private placement

Second tranche commitment

$10 million

Subject to effective registration, shareholder approval, Nasdaq conditions

Ownership cap

9.99%

Maximum ownership limitation for the investor

Stake in ITS

51%

Majority ownership in Industrial Techno-Logic Solutions

Estimated annual revenue

$24–26 million

Combined revenue estimate after ITS acquisition

Share price

$2.13

Pre-news price level from market context

Market cap

$60,961,442

Pre-news equity value from market context

Historical Context

2 past events · Latest: Feb 23

2 events

1. Feb 23

   Leadership appointments

   24h Move

   -9.1%

   Hired experienced defense and industrial leaders to scale operations and dealflow.

2. Feb 17

   Strategic acquisition

   24h Move

   -4.9%

   Acquired 51% of ITS with no added cash or securities, boosting revenue base.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

private placement, convertible preferred shares, warrants, registration statement, +1 more

5 terms

private placement financial

"Dawson James Securities is acting as the Exclusive Placement Agent for the private placement."

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

convertible preferred shares financial

"The investment will be made through the issuance of newly created convertible preferred shares together with warrants."

Convertible preferred shares are a type of stock that pays priority dividends and has a higher claim on assets than common shares, but can be exchanged later for a set number of common shares. For investors, they offer a safety-and-upside mix: steady income and protection like a senior ticket, plus the option to convert into common stock if the company grows — a decision that affects potential returns and how much existing owners’ stakes may be diluted.

warrants financial

"The investment will be made through the issuance of newly created convertible preferred shares together with warrants."

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

View in glossary

registration statement regulatory

"subject to an effective registration statement covering the investor’s securities, shareholder approval"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

Form 8-K regulatory

"Current Report on Form 8-K filed with the Securities and Exchange Commission on February 25, 2026."

A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.

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Two-tranche financing strengthens balance sheet and supports disciplined expansion across defense industrial base

NEW YORK and TEL AVIV, Israel, Feb. 25, 2026 (GLOBE NEWSWIRE) -- T3 Defense Inc. (NASDAQ: DFNS), formerly Nukkleus Inc., today announced that it has entered into definitive agreements for a committed private investment for up to $20 million from Esousa Group Holdings, LLC, a New York-based family office and an existing shareholder. The financing is intended to accelerate the company’s disciplined roll-up strategy, consolidating and scaling high-value suppliers operating at structurally constrained points within the defense industrial base.

The financing is structured in two tranches, with $10 million funded at closing and a second $10 million tranche committed, subject to an effective registration statement covering the investor’s securities, shareholder approval, compliance with the conditions for continued listing on the Nasdaq and certain specified market conditions relating to trading volumes at the time of closing.

The proceeds from the financing are expected to be used to, among other things, advance acquisitions within the A&D sector, support working capital tied to multi-year program execution, strengthen overall balance sheet flexibility, and enhance operational capacity across portfolio companies.

The investment will be made through the issuance of newly created convertible preferred shares together with warrants. The preferred shares will be convertible into common stock pursuant to a formula-based conversion mechanism. The warrants will be included in the registration statement and shareholder approval process and will be subject to customary exercisability conditions. The investor is subject to a 9.99% ownership limitation.

“This committed $20 million investment from an existing shareholder enhances our ability to execute on our acquisition pipeline and support program-level growth across our portfolio,” said Menny Shalom, CEO of T3 Defense Inc. “As we continue executing our roll-up strategy, this capital enables us to acquire and scale established defense suppliers positioned at critical bottlenecks at the sub-OEM levels, thereby strengthening our portfolio while maintaining alignment with public shareholders.”

Additional details relating to the investment and related matters can be found in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 25, 2026.

Dawson James Securities is acting as the Exclusive Placement Agent for the private placement.

About T3 Defense Inc.

T3 Defense Inc. (NASDAQ: DFNS), formerly Nukkleus Inc., is a federated holding company focused on acquiring and operating mission-critical defense businesses embedded in long-cycle national security programs. The company targets defense businesses operating at constrained, qualification-driven, or execution-critical points across the industrial base where strategic value exists and where qualification, capacity, and execution are decisive. Through disciplined M&A, centralized capital and strategy, and decentralized operating autonomy, T3 Defense seeks to strengthen critical defense capabilities and compound long-term value.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding T3 Defense Inc.’s growth strategy; its ability to expand manufacturing throughput, industrial capacity, and production reliability; anticipated benefits of recent executive appointments; expectations regarding subsidiary coordination and operational scalability; the conversion of backlog into repeatable production output; and the Company’s ability to capitalize on structural constraints within the defense industrial base.

Forward-looking statements are based on current expectations, estimates, and projections and involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such statements. These risks and uncertainties include, among others, risks related to defense program funding and timing; dependence on government contracts and defense OEM relationships; supply chain constraints; manufacturing execution risks; integration of acquired businesses; availability of capital; and general economic and geopolitical conditions. Readers are encouraged to review the Company’s filings with the Securities and Exchange Commission for a discussion of additional risk factors.

T3 Defense undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor Relations Contact:
The Equity Group Inc.
Lena Cati
lcati@equityny.com
+1 (212) 836-9611

Val Ferraro
vferraro@theequitygroup.com
+1 (212) 836-9633

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did T3 Defense (DFNS) announce on February 25, 2026 about new financing?

T3 Defense announced a committed private placement of up to $20 million. According to the company, the financing is in two tranches with $10 million funded at closing and a second $10 million tranche conditional on registration and approvals.

How will the DFNS $20 million private placement be structured and used?

The financing will be issued as convertible preferred shares together with warrants. According to the company, proceeds are intended for A&D acquisitions, working capital and strengthening balance-sheet flexibility.

When is the second $10 million tranche for DFNS expected to close?

The second tranche is committed but conditional and not immediately funded. According to the company, it depends on an effective registration statement, shareholder approval, Nasdaq compliance and market trading conditions.

What ownership limit applies to the investor in the DFNS private placement?

The investor is subject to a 9.99% ownership limitation. According to the company, this cap restricts the investor from owning more than 9.99% of outstanding shares.

Who is acting as placement agent for the DFNS private placement and why does it matter?

Dawson James Securities is the exclusive placement agent for the transaction. According to the company, using a placement agent helps manage execution and investor relations for the private placement.