Nukkleus Inc., a management consulting services firm, has recently undergone significant changes, as detailed in a recent 8-K filing with the U.S. Securities and Exchange Commission. The company, previously known as Brilliant Acquisition Corp, has created new direct financial obligations and made unregistered sales of equity securities.
On June 11, 2024, Nukkleus issued a Senior Unsecured Promissory Note for $312,500 to X Group Fund of Funds, accompanied by a Stock Purchase Warrant for 1,200,000 shares at $0.25 each. This note carries a 12% annual interest rate and is due six months after issuance. Additionally, on September 4, 2024, Nukkleus issued another Senior Unsecured Promissory Note for $125,000 to the same lender with similar terms.
Concurrently, there have been significant leadership changes at Nukkleus. Jamal Khurshid resigned as Chief Executive Officer and director effective September 4, 2024. To fill the void, Menachem Shalom has been appointed as the new CEO, and along with David Rokach, has joined the company's Board of Directors.
Shalom brings a diverse background with experience as CEO of multiple companies, including Motomova Inc and Hold Me Ltd. Rokach is the founder and CEO of Tokara Management Ltd and serves as a Senior Investment Manager at X Group Fund of Funds, which has financial ties with Nukkleus.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.