Nukkleus Enters $250M Equity Line Agreement With Esousa Group, Issues $1.25M In Commitment Shares Based On VWAP Or Closing Price

Author: Benzinga Newsdesk | September 19, 2025 08:36am

On September 19, 2025, Nukkleus Inc., a Delaware company (the "Company") and Esousa Group Holdings, LLC, a New York limited liability company (the "Investor"), entered into a common stock purchase agreement (the "ELOC Purchase Agreement"), which provides that subject to the terms and conditions set forth therein, the Company may sell to the Investor up to the lesser of (i) $250,000,000 of the Company's common shares, par value $0.0001 per share (the "Common Shares") and (ii) the Exchange Cap (as defined below) (subject to certain exceptions provided in the ELOC Purchase Agreement) (the "Total Commitment"), from time to time during the term of the ELOC Purchase Agreement. Upon entering into the ELOC Purchase Agreement, the Company agreed to issue to the Investor $1,250,000 worth of the Company's Common Stock (the "Commitment Shares"), determined by the lower of the (i) the VWAP on the effective date of the registration statement covering the Common Shares and the Commitment Shares and (ii) the closing sale price on the effective date of said registration statement; provided, however, that if the Company elects to terminate the ELOC Purchase Agreement, the Commitment Shares' calculation shall be based on the date of termination rather than the effective date of the registration statement.

-SEC Filing

Posted In: NUKK