18 May 2026 | News
Image Courtesy: Public Domain
Duke Robotics Corp. (OTCQB: DUKR) (“Duke Robotics” or the “Company”), a leader in advanced robotics and drone-based solutions for civilian and defense markets, announced the pricing of its underwritten public offering of 1,125,000 units (the “Units”) at a public offering price of $8.20 per Unit. Each Unit issued in the offering consists of one share of common stock, $0.0001 par value per share, and one warrant to purchase one share of common stock at an exercise price of $8.60 per share, and have a five year term. The shares of common stock and warrants compromising the Units are immediately separable and will be issued separately. The shares of common stock and warrants are expected to begin trading on the Nasdaq Capital Market on May 15, 2026, under the symbols “DUKR” and “DUKRW,” respectively.
Duke Robotics expects to receive gross proceeds of approximately $9.2 million, before deducting underwriting discounts and commissions and other estimated offering expenses.
The Company has granted the underwriter a 45-day option to purchase up to an additional 168,750 shares of common stock and/or warrants to purchase up to an aggregate of 168,750 shares of common stock, in any combination thereof, at the public offering price per security, less the underwriting discounts and commissions, to cover over-allotments, if any. The offering is expected to close on May 18, 2026, subject to satisfaction of customary closing conditions.
Maxim Group LLC is acting as sole book-running manager for the offering.
The Company intends to use the net proceeds from the offering to provide funding for research and development, sales force expansion, marketing, business development and potential acquisitions and for general working capital.
The offering is being conducted pursuant to the Company’s registration statement on Form S-1 (File No. 333-294808), as amended, previously filed with Securities and Exchange Commission (“SEC”), and declared effective on May 14, 2026, and a related registration statement was filed with the SEC on May 14, 2026 pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and became automatically effective upon filing. The offering is being made only by means of a prospectus forming part of the effective registration statement relating to the offering. A preliminary prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
