Nukkleus Shares Are On The Rise Today: What's Going On?

Nukkleus Inc. NUKK shares are trading higher Friday potentially on continued momentum after the company announced it had regained compliance with Nasdaq listing requirements.

What To Know: The strategic acquisition company received notice that it met the required thresholds, resolving prior compliance issues.

To achieve this, Nukkleus implemented a 1-for-8 reverse stock split in October, reducing its outstanding shares from 16.9 million to approximately 2.1 million. With these steps, Nasdaq canceled a hearing initially scheduled for Jan. 21, confirming the company's continued listing.

The resolution marks a turning point for Nukkleus, alleviating concerns about potential delisting and boosting investor confidence in its ability to meet regulatory standards.

NUKK Price Action: Nukkleus shares were up 57.0% at $32.40 at the time of writing, according to Benzinga Pro.

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