Nukkleus Inc. Successfully Resolves Nasdaq Delisting Threat, Achieving Compliance Across All Key Parameters

Rhea-AI Summary

Nukkleus (NASDAQ: NUKK) has successfully resolved its delisting concerns with Nasdaq, as announced on January 16, 2025. The company received notification on January 15, 2025, confirming its compliance with two important Nasdaq listing requirements: the market value of listed securities (Rule 5450(b)(2)(A)) and the market value of publicly held shares (Rule 5450(b)(2&3)(C)).

As a result of achieving compliance, the previously scheduled Nasdaq hearing for January 21, 2025, has been canceled, and NUKK's securities will continue to be listed and traded on The Nasdaq Stock Market. The management views this development as a significant milestone that demonstrates their commitment to maintaining Nasdaq's compliance standards while pursuing sustainable growth.

Positive

• Successfully regained compliance with Nasdaq listing requirements
• Avoided potential delisting from Nasdaq
• Maintains access to public markets and trading status

Negative

• None.

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Nukkleus, Inc. ("Nukkleus" or the "Company") (NASDAQ: NUKK) announced today that it has been notified on Jan.15, 2025 that it has regained compliance with the market value of listed securities requirement as outlined in Nasdaq Listing Rule 5450(b)(2)(A) and the market value of publicly held shares requirement as outlined in Nasdaq Listing Rule 5450(b)(2&3)(C).

As a result, Nasdaq has officially canceled the hearing scheduled for January 21, 2025, confirming that Nukkleus's securities will continue to be listed and traded on The Nasdaq Stock Market. This milestone highlights Nukkleus's commitment to meeting Nasdaq's rigorous compliance standards and maintaining its position as a publicly traded entity.

The management of the company believes this milestone underscores its effective resolution of all compliance matters with Nasdaq, allowing the Company to continue its pursuit of sustainable growth and deliver lasting value to its stakeholders.

About Nukkleus Inc.

Nukkleus, Inc. (NASDAQ: NUKK) is a Nasdaq company focused on innovative acquisition companies specializing in identifying, acquiring, and transforming high-potential businesses across key sectors, including defense, financial services, real estate, industrial, and technology. Focused on driving growth, innovation, and operational excellence, Nukkleus combines strategic investments with unparalleled expertise to foster collaboration and sustainable value creation. By leveraging market insights and advanced solutions, the company accelerates growth and ensures long-term success for its portfolio businesses, reshaping industries and delivering measurable returns for stakeholders.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts are "forward-looking statements" within the meaning of federal securities laws. In some cases, you can identify forward-looking statements by terminology such as "will," "would," "expect," "intend," "plan," "objective," or comparable terminology referencing future events, conditions or circumstances, or the negative of such terms. Although Nukkleus believes that it has a reasonable basis for the forward-looking statements contained in this press release, they are based on management's current beliefs and expectations about future events and circumstances and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond the Company's control. Risk factors described under "Risk Factors" in Nukkleus' most recently filed annual report on Form 10-K, as updated from time to time in its quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission, may cause actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements in this press release. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they were made. Nukkleus undertakes no obligation to update any forward-looking statement contained in this press release to reflect events that occur or circumstances that exist after the date of this press release, except as required by law

For more information, please contact:

Yair Ohayon
CMO
l@nukk.com

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SOURCE Nukkleus, Inc.

FAQ

What Nasdaq compliance requirements did NUKK meet in January 2025?

NUKK met two key Nasdaq requirements: the market value of listed securities (Rule 5450(b)(2)(A)) and the market value of publicly held shares (Rule 5450(b)(2&3)(C)).

When did Nukkleus (NUKK) receive confirmation of Nasdaq compliance?

Nukkleus received notification of compliance on January 15, 2025.

What happened to NUKK's scheduled Nasdaq hearing for January 21, 2025?

The Nasdaq hearing scheduled for January 21, 2025, was canceled after NUKK regained compliance with listing requirements.

Will NUKK continue trading on Nasdaq after resolving compliance issues?

Yes, NUKK's securities will continue to be listed and traded on The Nasdaq Stock Market following the resolution of compliance issues.