What Happened: After the market close on Thursday, Nukkleus said it received notice on Wednesday that it successfully regained compliance with Nasdaq listing rules which require companies to maintain a minimum market value of listed securities and a minimum market value of publicly held shares.
Nukkleus effected a 1-for-8 reverse stock split on Oct. 24 to regain compliance with the $1 minimum bid price requirement for continued listing on the Nasdaq. Every eight shares of the company’s common stock were combined and reclassified into one share of common stock, reducing the number of issued and outstanding shares from 16.9 million to approximately 2.1 million.
Nukkleus on Thursday announced that the Nasdaq canceled the hearing scheduled for Jan. 21, confirming that the company’s shares will continue to trade on the Nasdaq.
“The management of the company believes this milestone underscores its effective resolution of all compliance matters with Nasdaq, allowing the company to continue its pursuit of sustainable growth and deliver lasting value to its stakeholders,” the Nukkleus said.
How To Buy NUKK Stock
By now you're likely curious about how to participate in the market for Nukkleus — be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
NUKK Price Action: Nukkleus shares were up 28.59% in after-hours, trading at $26.40 at the time of publication Thursday, according to Benzinga Pro.
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