Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 3.03 Material Modification to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
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 3.03Item 3.03 - Material Modification to Rights
Item 3.03 Material Modification to Rights of Security Holders.
To
the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated
herein by reference.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item 5.03 Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal Year.
T3
Defense Inc., a Delaware corporation (the “Company”), approved a reverse stock split of the Company’s issued and outstanding
shares of common stock (“Common Stock”), at a ratio of 1-for-50 as disclosed on the Current Report on Form 8-K filed by the
Company with the Securities and Exchange Commission on July 13, 2026. The Board of Directors of the Company has determined to increase
the amount of the reverse stock split of the Company's issued and outstanding Common Stock at a ratio of 1-for-125 (the “Reverse
Stock Split”). The Reverse Stock Split was duly approved in a special meeting of the stockholders held on June 24, 2026. On July
15, 2026, the Company filed with the Secretary of State of the State of Delaware the Certificate of Amendment to its Amended and Restated
Certificate of Incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split. The Reverse Stock Split will
become effective as of 12:01 a.m., Eastern Time, on July 20, 2026, and the Company’s Common Stock will begin trading on the Nasdaq
Stock Market on a split-adjusted basis when the market opens on July 20, 2026.
Reasons for the Reverse
Stock Split
The
Company is implementing the Reverse Stock Split to raise the per share bid price of the Company’s Common Stock above $1.00 per share
and bring the Company back into compliance with Nasdaq Listing Rule 5550(a)(2). The Company will have regained compliance once the Company’s
Common Stock trades at or above $1.00 for a minimum of 10 consecutive trading days, at which time Nasdaq will provide the Company with
notice that it has regained compliance. The Company cannot provide assurance that the Reverse Stock Split will achieve the desired effects
or that, if achieved, such desired effects will be sustained.
Effects of the Reverse
Stock Split
Effective Date; Symbol;
CUSIP Number
The
Reverse Stock Split will become effective on July 20, 2026 (the “Effective Date”). The Common Stock will begin trading on
a split-adjusted basis at the commencement of trading on the Effective Date, under the Company’s existing trading symbol “DFNS.”
The new CUSIP number for the Common Stock following the Reverse Stock Split will be 67054R302.
Split Adjustment;
Treatment of Fractional Shares
On
the Effective Date, the total number of shares of Common Stock held by each stockholder of the Company will be exchanged for the number
of shares of Common Stock equal to the number of issued and outstanding shares of Common Stock held by each such stockholder immediately
prior to the Reverse Stock Split, divided by one-hundred twenty-five (125), with such resulting number of shares rounded up to the nearest
whole share. As a result, no fractional shares will be issued in connection with the Reverse Stock Split and no cash or other consideration
shall be paid in connection with any fractional shares that would otherwise have resulted from the Reverse Stock Split. The Company does
not intend to round up fractional shares at the beneficial level and will instead round any such fractional shares up at the participant
level. Also on the Effective Date, all equity awards outstanding immediately prior to the Reverse Stock Split will be adjusted to reflect
the Reverse Stock Split.
Certificated and Non-Certificated
Shares
Each
certificate, or book entry, that immediately prior to the Reverse Stock Split represented shares of Common Stock, will, following the
Reverse Stock Split, represent that number of shares of Common Stock into which the shares of Common Stock represented by such certificate
or book entry have been combined, subject to the treatment of fractional shares as described above.
Stockholders
who hold their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Reverse Stock Split will
automatically be reflected in their brokerage accounts.
Delaware State Filing
The
Reverse Stock Split will be effected pursuant to the Company’s filing of the Certificate of Amendment with the Secretary of State
of the State of Delaware. A copy of the form of the Certificate is attached as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
Capitalization
The
Company is authorized to issue 150,000,000 shares of Common Stock and 10,000,000 shares of preferred stock (the “Preferred Stock”).
There will be no change to the number of authorized capital stock of the Company or to the rights limitations and privileges, including
voting rights, of the Company’s designated and outstanding shares of Preferred Stock. The Reverse Stock Split will have no effect
on the par value of the Common Stock or the Preferred Stock.
Immediately
after the Reverse Stock Split, each Common Stockholder’s percentage ownership interest in the Company’s Common Stock and proportional
voting power of the Company’s Common Stock shall remain unchanged, except for minor changes and adjustments that will result from
the treatment of fractional shares. The rights and privileges of the holders of shares of Common Stock will remain unaffected by the Reverse
Stock Split.