Duke Robotics Corp. Announces Pricing of $9.2 Million Underwritten Public Offering and Uplisting to NASDAQ
Rhea-AI Summary
Duke Robotics (NASDAQ:DUKR) priced an underwritten public offering of 1,125,000 units at $8.20 per unit, each with one common share and a five-year warrant exercisable at $8.60. Expected gross proceeds are $9.2 million. Shares and warrants uplist to Nasdaq on May 15, 2026.
AI-generated analysis. Not financial advice.
Positive
- Raises approximately $9.2 million in gross proceeds for corporate purposes
- Uplisting common stock and warrants to the Nasdaq Capital Market
- Each unit includes a five-year warrant with $8.60 exercise price
- Underwriter 45-day over-allotment option adds potential additional capital
Negative
- Issuance of 1,125,000 new shares creates immediate shareholder dilution
- Additional 168,750 shares and warrants may be issued via over-allotment option
- Future warrant exercises at $8.60 could increase share count further
News Market Reaction – DUKR
On the day this news was published, DUKR declined 19.78%, reflecting a significant negative market reaction. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $17.72M at that time. Trading volume was exceptionally heavy at 71.4x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
Fort Lauderdale, FL, May 14, 2026 (GLOBE NEWSWIRE) -- Duke Robotics Corp. (OTCQB: DUKR) (“Duke Robotics” or the “Company”), a leader in advanced robotics and drone-based solutions for civilian and defense markets, today announced the pricing of its underwritten public offering of 1,125,000 units (the “Units”) at a public offering price of
Duke Robotics expects to receive gross proceeds of approximately
The Company has granted the underwriter a 45-day option to purchase up to an additional 168,750 shares of common stock and/or warrants to purchase up to an aggregate of 168,750 shares of common stock, in any combination thereof, at the public offering price per security, less the underwriting discounts and commissions, to cover over-allotments, if any. The offering is expected to close on May 18, 2026, subject to satisfaction of customary closing conditions.
Maxim Group LLC is acting as sole book-running manager for the offering.
The Company intends to use the net proceeds from the offering to provide funding for research and development, sales force expansion, marketing, business development and potential acquisitions and for general working capital.
The offering is being conducted pursuant to the Company’s registration statement on Form S-1 (File No. 333-294808), as amended, previously filed with Securities and Exchange Commission (“SEC”), and declared effective on May 14, 2026, and a related registration statement was filed with the SEC on May 14, 2026 pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and became automatically effective upon filing. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Duke Robotics
Duke Robotics Corp. (OTCQB: DUKR) develops advanced stabilization and autonomous robotic drone systems for both civilian and defense markets. The Company’s Insulator Cleaning Drone is a first-of-its-kind, drone-enabled system for cleaning and monitoring high-voltage electric utility insulators. AEROTRACE™ is the Company’s AI-powered aerial monitoring and intelligence platform for infrastructure operators. In defense, through a collaboration agreement with Elbit Systems Land Ltd., the Bird of Prey weapons drone system is an agile, fully stabilized remote weapon system designed for non-line-of-sight and stand-off engagements, marketed by Elbit under the brand name Bird of Prey (formerly known as TIKAD). For additional Company information, please visit https://dukeroboticsys.com.
Forward-Looking Statements
This press release contains forward-looking statements. Words such as “future” and similar expressions, or future or conditional verbs such as “will,” “expect,” and “intend,” are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs, assumptions, and information currently available to us. Forward-looking statements in this press release include statements regarding the anticipated closing of the offering, the expected commencement of trading on the Nasdaq Capital Market, the anticipated use of net proceeds, and the anticipated benefits of the uplisting. Our actual results may differ materially from those expressed or implied due to known or unknown risks and uncertainties, including, without limitation, market and other conditions and the satisfaction of customary closing conditions related to the offering, our ability to retain the listing of our common stock on the Nasdaq Capital Market, and the other risks and uncertainties described in our filings with the Securities and Exchange Commission, including the discussion under “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and any subsequent filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Company Contact
Duke Robotics Corp.
Yossef Balucka, CEO
invest@dukeroboticsys.com
Capital Markets & IR:
Arx Investor Relations
North American Equities Desk
duke@arxhq.com
