NEW YORK,
Nov. 30,
2023 /PRNewswire/ -- Nukkleus, Inc. (formerly
Compliance & Risk Management Solutions Inc.) (OTC: NUKK)
proudly announces the completion of its strategic merger with
Brilliant Acquisition Corp (Nasdaq: BRLI), marking a significant
milestone in the financial technology landscape. This merger,
valuing Nukkleus at around $105
million, signifies a bold step into a future rich with
digital asset opportunities for businesses and investors alike.
Strategic Insight from Nukkleus
Management
Emil Assentato,
CEO & Chairman of Nukkleus, reflects on this landmark event:
"The successful merger with Brilliant Acquisition Corp is not just
a corporate achievement; it's a gateway to a world brimming with
digital asset possibilities for our clients. Our combined strengths
position us uniquely to offer innovative, market-leading solutions
in the digital asset space."
A New Era for Digital Asset Customers
Nukkleus's merger with Brilliant is set to
redefine the landscape for customers seeking robust digital asset
technologies, investment and solutions:
Advanced Digital Asset Investments: Nukkleus
holds a significant 5% interest in Europe's exclusive regulated spot
Bitcoin ETF—a pioneering investment vehicle that not
only exemplifies innovation but also mirrors parallel efforts in
the U.S. to launch akin products. This strategic investment by
Nukkleus underscores its commitment to providing clients access to
groundbreaking and potential-rich digital economy assets.
Revolutionary Payment Solutions: Expanding our UK
FCA registered offerings in blockchain-enabled, multi-currency,
cross-border payment solutions to deliver institutional clients a
modern alternative to the legacy SWIFT cross border system.
Award winning Digital Asset Custody and
Settlement: Nukkleus owns the majority share of DigiClear
technology (previously known as Koine) ; and will look to offer
institutional clearing, settlement and custody services through the
platform.
Data Empowerment: Providing clients with rich
financial market data and AI-driven analytics for informed
decision-making in FX, CFDs, and cryptocurrencies.
Tailored Customer Solutions: Focusing on creating
bespoke solutions that cater to the unique needs of our clients in
the digital asset space.
Merger Details and Future Prospects
Nukkleus has undergone a strategic evolution
through a standard SPAC merger with Brilliant Acquisition Corp, in
which Nukkleus has been acquired and will be subsumed under the
Brilliant corporate structure. This tactical move has rendered the
previously established subsidiary model inoperative, paving the way
for a streamlined integration. Following this merger, the ticker
symbol BRLI will be transitioned to NUKK to maintain brand
continuity and market presence. This development aligns with our
overarching vision for expansive growth and underscores our
commitment to customer-centric innovation and service
excellence.
Nukkleus emerges as a pivotal force, ready to
drive substantial growth across the digital economy. Capitalizing
on the synergies created by our recent merger, we are at the
threshold of pioneering advanced custody, investment, and payment
solutions. This strategic move firmly positions Nukkleus at the
forefront of next-generation digital asset solutions, ready to
serve a broad and diverse customer base.
With an unwavering commitment to innovation,
Nukkleus is set to catalyze a new wave of growth in digital asset
services, thereby enhancing our client offerings. Our strategy is
clear: to leverage our combined strengths to deliver a suite of
services that not only meet but anticipate the needs of our clients
in a dynamic financial ecosystem. Nukkleus is charting a course
towards a future where digital asset management and transactions
are seamless, secure, and sophisticated.
Sustained Commitment to the Market
Nukkleus's stock will maintain its presence on
the Nasdaq Capital Market under the ticker "NUKK," symbolizing our
commitment to growth, transparency, and innovation in the public
marketplace.
Expert Advisory Collaboration
Our merger strategy was supported by the
financial and legal expertise of ClearThink Capital LLC, Schiff
Hardin LLP, RedEight Capital Limited, Axiom Capital Management,
Inc., Earlybird Capital Inc., and Loeb & Loeb LLP.
About Nukkleus, Inc.
Nukkleus, Inc. (OTC: NUKK) blends cutting-edge
technology with a comprehensive suite of digital asset exchange,
investment, custody and payment services. We are dedicated to
empowering our institutional clients and a broader customer base by
offering full-service solutions in both traditional and digital
asset markets, driven by a commitment to innovation and regulatory
compliance.
For further information and to explore our
digital asset solutions, please contact:
Jamie Khurshid COO
Jkhurshid@nukk.com
+44 7956590095
View original content to download
multimedia:https://www.prnewswire.com/news-releases/nukkleus-inc-finalizes-transformative-merger-with-brilliant-acquisition-corp-unveiling-new-horizons-in-digital-asset-solutions-for-customers-302001468.html
SOURCE Nukkleus