Fri, Jul 12, 7:04 PM (57 days ago)
Nukkleus Inc. (formerly Brilliant Acquisition Corporation) recently completed a merger, rebranding itself as a financial technology company focused on blockchain-enabled solutions. The company offers advanced transaction technology and advisory services through its Nukkleus Technology unit and cross-border payment solutions via its Digital RFQ subsidiary. Financially, Nukkleus generated most of its revenue from a General Service Agreement (GSA) with TCM, which is now terminated, prompting a strategic shift towards digital assets. Key risk factors include regulatory changes, cybersecurity threats, and competition. The company faces uncertainties in maintaining profitability, managing regulatory compliance, and sustaining growth amidst evolving market conditions and technological advancements.