Nukkleus Inc. (NASDAQ: NUKK) saw its shares surge after announcing a $250 million equity line agreement with Esousa Holding Group. This long-term financing will accelerate the company’s expansion into next-gen defense technologies like AI-enabled navigation and advanced drone platforms. The arrangement allows Nukkleus to control capital draws, aligning funding with deal timing and milestones. The company may sell up to $250 million of common stock to Esousa over a 36-month period, subject to conditions. This committed capital facility requires a registration statement with the SEC before accessing funds. Nukkleus sees the equity line as complementary to recent capital raises and a way to fuel mergers and acquisitions. CEO Menny Shalom emphasized the strategic importance of the facility. NUKK shares were up 4.75% to $6.065 on the news.

Read more at Yahoo Finance: Nukkleus Lands $250 Million Funding Pact To Fuel Defense Tech Push