Duke Robotics prices $9.2 million offering, moves to NASDAQ

Duke Robotics Corp. (OTCQB: DUKR) priced an underwritten public offering of 1,125,000 units at $8.20 per unit, expecting to raise approximately $9.2 million in gross proceeds before fees and expenses, according to a company statement.

Each unit consists of one share of common stock and one warrant to purchase an additional share at $8.60 per share. The warrants have a five-year term. The shares and warrants will trade separately on the NASDAQ Capital Market starting May 15, 2026, under symbols "DUKR" and "DUKRW."

The company granted underwriter Maxim Group LLC a 45-day option to purchase up to an additional 168,750 shares and warrants to cover over-allotments. The offering is expected to close May 18, 2026, subject to customary closing conditions.

Duke Robotics plans to use net proceeds for research and development, sales force expansion, marketing, business development, potential acquisitions and general working capital.

The Fort Lauderdale-based company develops drone systems for civilian and defense markets, including an insulator cleaning drone for electric utilities and the AEROTRACE aerial monitoring platform. In defense applications, the company collaborates with Elbit Systems Land Ltd. on the Bird of Prey weapons drone system.

The Securities and Exchange Commission declared the company's registration statement effective May 14, 2026. The offering was conducted under Form S-1 registration statement File No. 333-294808.

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