Duke Robotics Completes $9.2M Nasdaq Uplist

Duke Robotics said on May 18 it closed a $9.2 million underwritten public offering and completed an uplisting to the Nasdaq Capital Market. The Fort Lauderdale announcement marked the end of a transaction the company had priced on May 14 and began trading on May 15, according to the company’s SEC-filed press releases. The company sold 1,125,000 units at $8.20 each, generating gross proceeds of about $9.2 million before underwriting discounts, commissions and other expenses. Duke Robotics’ common stock now trades on Nasdaq under “DUKR,” while its warrants trade under “DUKRW.” ### What exactly did Duke Robotics sell in the offering? Each Duke Robotics unit included one share of common stock and one warrant to buy one additional share, the company said in its May 18 release. The warrants carry an exercise price of $8.60 per share and a five-year term, and the stock and warrants were immediately separable and issued separately. (sec.gov) The $8.20 unit price and 1,125,000-unit size were set in the company’s May 14 pricing announcement. Duke Robotics also granted the underwriter a 45-day option to buy up to an additional 168,750 shares of common stock and-or warrants, in any combination, to cover over-allotments, if any. ### When did the Nasdaq trading begin? (sec.gov) May 15 was the first trading day for the securities on the Nasdaq Capital Market, according to the company’s closing announcement. The common stock began trading under “DUKR” and the warrants under “DUKRW.” The company described the transaction as an uplisting from OTCQB in the same materials. (sec.gov) Duke Robotics identified itself in the May 18 release as previously quoted on OTCQB under the same common-stock ticker, “DUKR.” ### Who handled the deal and what filings backed it? Maxim Group LLC acted as sole book-running manager for the offering, Duke Robotics said. (sec.gov) The company said the sale was conducted under a Form S-1 registration statement, file number 333-294808, that the Securities and Exchange Commission declared effective on May 14, 2026, along with a related Rule 462(b) filing made the same day. The final prospectus was filed with the SEC, and the company said the securities were offered only by means of that prospectus. The SEC’s EDGAR system shows a final prospectus filed on May 14 for Duke Robotics under accession number 000121390026058179. ### What does Duke Robotics say it will do with the money? (sec.gov) Duke Robotics said it intends to use the net proceeds for research and development, sales force expansion, marketing, business development, potential acquisitions and general working capital. The company did not disclose net proceeds in the closing release beyond saying gross proceeds were approximately $9.2 million before fees and expenses. The company has described itself in SEC filings as a robotics company developing stabilization systems for remote, real-time and precise firing of small arms and light weapons, while also pursuing civilian uses with an emphasis on routine infrastructure maintenance. In a quarterly report available through the SEC, Duke Robotics said it was focused on civilian market activity, manufacturing capabilities, partnerships and regulatory approvals for sales or exports of its products. (sec.gov) ### Where is the company based and what comes next? Fort Lauderdale, Florida, was the dateline on Duke Robotics’ May 18 closing release, while SEC filings list the company as a Nevada corporation with principal executive offices in Israel. The company also disclosed in its prospectus materials that it formed a wholly owned Greek subsidiary in February 2025 and that the unit received operational authorization from the Hellenic Civil Aviation Authority on January 13, 2026. (sec.gov) The next concrete step in the transaction is the underwriter’s 45-day over-allotment window, which runs from the May 14 pricing date disclosed by the company. Duke Robotics’ shares and warrants are already trading on Nasdaq under DUKR and DUKRW, and any additional sale under that option would be made at the public offering price per security, less underwriting discounts and commissions. (sec.gov)