Item 7.01 Regulation FD Disclosure. T3 Defense Inc., a Delaware corporation (the “Company”) announces it has regained compliance with Nasdaq’s Stockholders' Equity Requirement. As previously disclosed, on August 20, 2026, the Company, received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market, LLC ("Nasdaq") notifying the Company that it is not i…
Filed Oct 23, 2026Accepted Oct 23, 2026, 12:03 PM EDTCIK 1787518Accession 0001185185-26-004951
The Company was formed on May 24, 2019. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. on June 23, 2023, Brilliant Acquisition Corporation, a British Virgin Islands company (prior to the Merger “Brilliant”), entered into an Amended and Restated Agreement and Plan of Merger (as amended by the First Amendment to the Amended and Restated Agreement and Plan of Merger on November 1, 2023, the “Merger Agreement”), by and among Brilliant BRIL Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Brilliant (“Merger Sub”), and Nukkleus Inc., a Delaware corporation (“Old Nukk”). Old Nukk (f/k/a Compliance & Risk Management Solutions Inc.) was formed on July 29, 2013 in the State of Delaware as a for-profit Company and established a fiscal year end of September 30. The Merger Agreement provided that, among other things, at the closing of the transactions contemplated by the Merger Agreement, Merger Sub merged with and into Old Nukk (the “Merger”), with Old Nukk surviving as a wholly-owned subsidiary of Brilliant.
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Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
T3 Defense Inc., a Delaware corporation (the “Company”)
announces it has regained compliance with Nasdaq’s Stockholders' Equity Requirement.
As previously disclosed,
on August 20, 2026, the Company, received a written notice (the “Notice”) from the Listing
Qualifications Department of The Nasdaq Stock Market, LLC ("Nasdaq") notifying the Company that it is not in compliance with
the minimum stockholders' equity requirement set forth in Nasdaq Listing Rule 5450(b)(1)(A) for continued listing on The Nasdaq Global
Market (the “Stockholders' Equity Requirement”). Nasdaq Listing Rule 5450(b)(1)(A) requires listed securities to maintain
a minimum stockholders' equity of $10,000,000. Based on the stockholders' equity reported in the Form 10-Q for the period ended June
30, 2026, the Company no longer satisfied the minimum stockholders' equity requirement.
The Company subsequently
submitted to Nasdaq a plan to regain compliance with the Stockholders' Equity Requirement. Notwithstanding that the Company requested
an extension of up to 180 calendar days from the date of the Notice to evidence compliance, the Company explained that the common warrants
issued in the $20 million February 24, 2026 private placement resulted in the warrants being recorded as a liability-classified instrument.
Such classification resulted in the warrants being remeasured at fair value each reporting quarter - the reported carrying amount
of the warrant liability was approximately $24.5 million at December 31, 2025 and approximately $124.4 million as of June 30, 2026. The
corresponding effect on the equity section was to move stockholders' equity from approximately $42.5 million at March 31, 2026 to a deficit
of approximately $19.7 million at June 30, 2026.
As of September 30,
2026, the holders of the warrants had exercised approximately 96% of the outstanding warrants. Accordingly, the deficiency
identified in the Notice has been substantially eliminated by an event that has already occurred. The non-cash liability that drove
reported stockholders' equity negative as of June 30, 2026 is no longer carried on the Company's balance sheet other than to the de
minimis residual. After giving effect to the exercise of the warrants, the Company's total stockholder's equity as of said date was
approximately $99.9 million on a pro forma basis. The amount is significantly in excess of the Stockholders' Equity Requirement.
Based on management’s assessment of the
Company’s financial condition, the Company believes that as of the date of this Current Report on Form 8-K, it has regained compliance
with the Stockholders' Equity Requirement. The Company has requested that Nasdaq resolve the previously disclosed stockholders’
equity deficiency and confirm the Company’s compliance.
Nasdaq will continue to monitor the Company’s
ongoing compliance with the Stockholders’ Equity Requirement and, if at the time of its next periodic report the Company does not
evidence compliance, the Company may be subject to delisting. The Company’s next periodic report will be its Quarterly Report on
Form 10-Q for the quarter ending September 30, 2026. The Company intends to submit this Current Report on Form 8-K in support of a determination
that the Company has regained compliance with the Stockholders’ Equity Requirement. This report is being provided in connection
with the Company’s request to Nasdaq for a favorable determination, and does constitute Nasdaq confirmation that the deficiency
has been resolved or that the delisting proceedings have been terminated.
There can be no assurance that Nasdaq will determine
that the Company has regained compliance, that any such determination will not be subject to conditions or a monitoring period, or that
the Company will be able to maintain compliance with the Stockholders’ Equity Requirement or Nasdaq’s other continued listing
requirements.
The information in this Item 7.01 is furnished
and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act") or otherwise subject to the liabilities of that section. It shall not be incorporated by reference into any filing under the
Securities Act of 1933, as amended, or the Exchange Act, except to the extent expressly incorporated by specific reference in that filing.
This report does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Forward Looking Statements
This Current Report on Form 8-K contains forward-looking
statements. To the extent applicable, the Company intends these statements to be covered by the safe harbor provisions of Section 27A
of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”). Forward-looking statements include expectations regarding final financial reporting and accounting
treatment; the timing and outcome of Nasdaq’s review; the Company’s ability to regain and maintain compliance with Nasdaq’s
continued listing requirements; impairment of goodwill and future stockholders’ equity, financial condition and capital needs. Words
such as “believes,” “expects,” “estimates,” “anticipates,” “intends” and “may”
and similar expressions may identify such statements.
These statements are based on current expectations
and assumptions and involve risks and uncertainties that may cause actual outcomes to differ materially. Those risks include adjustments
identified during the audit review and audit procedures; changes to the classification, valuation or accounting treatment of the preferred
stock, warrants or related contractual provisions; differences between estimated and actual offering costs; additional operating losses,
preferred dividends and other charges; Nasdaq’s exercise of discretion in evaluating both current equity and the ability to sustain
compliance; additional conditions or information required by Nasdaq; an adverse Nasdaq determination; the Company’s ability to satisfy
other listing standards, obtain required stockholder approvals and comply with its financing and registration rights obligations; and
the availability of additional capital if needed. Additional risks are described in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2025, and its subsequent reports and other filings with the Securities and Exchange Commission.
Forward-looking statements are not guarantees
of future performance or of a favorable Nasdaq determination and speak only as of the date made. Except as required by applicable law,
the Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future
events or otherwise.