US EditionNukkleus Rockets Higher: $26M Stake In Iron Dome Supplier RIMON Boosts Defense Ambitions - Nukkleus (NASDAQ:NUKK)
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A tiny fintech stock is up 4,700% in 2 days after taking a stake in a company involved with Israel's Iron Dome missile system
Israel's Iron Dome missile defense system fires interceptors at rockets launched from the Gaza Strip.Tsafrir Abayov/APNukkleus stock surged over 4,700% in two days after it said it bought a stake in a defense firm.The fintech acquired 51% of Star 26 Capital, which owns a controlling stake in a supplier to Israel's Iron Dome missile system.Nukkleus's market value rose from $3 million to $125 million after the deal.A little-known fintech company's…
Nukkleus Rockets Higher: $26M Stake In Iron Dome Supplier RIMON Boosts Defense Ambitions - Nukkleus (NASDAQ:NUKK)
Nukkleus Inc. (NASDAQ:NUKK) shares are trading higher on Tuesday following the announcement of a significant acquisition. On December 15, Nukkleus successfully acquired a 51% controlling stake in Star 26 Capital Inc., a defense acquisition company. Star 26 holds a 95% ownership stake in RIMON, an Israeli supplier of critical components for the Iron Dome missile defense system and other defense solutions. The acquisition, valued at $26 million, w…
Nukkleus stock could crash just as quickly as it rallied: here’s why
Nukkleus Inc (NASDAQ: NUKK) is up another 50% this morning as investors continue to cheer its $26 million acquisition of Star 26 Capital that marks the fintech’s pivot into the defense sector. The announcement is being positively received as Star 26 Capital has a controlling stake in RIMON – a company best known as a supplier of components for Israel’s Iron Dome missile defense system. In total, Nukkleus stock has rallied an enormous 750% over t…
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