Duke Robotics Corp. (Uplisting/Units)
| General Information | |
| Business: | (Incorporated in Nevada)Note: This is NOT an IPO. This is a NASDAQ Uplisting from the OTC Market, where the stock has traded under the symbol “DUKR” – according to the prospectus. Please Note: This is a unit offering.We are a leader in advanced robotics and drone-based solutions for civilian and defense markets. We are a robotics company developing advanced robotic and drone-based systems. Our technologies include an advanced robotic stabilization system that enables remote, real-time, pinpoint-accurate firing of small arms and light weapons, as well as civilian drone-based solutions focused on infrastructure maintenance, which is a drone technology for conducting routine maintenance of critical infrastructure for electric utility insulator cleaning. Although our stabilization technology was initially designed for use on unmanned aerial systems (“UAS”), our robotic solutions are adaptable to other military platforms and civilian applications. On January 29, 2021, we, through Duke Airborne Systems Ltd. (“Duke Israel”), and Elbit Systems Land Ltd., an Israeli corporation (“Elbit”), entered into a collaboration agreement (the “Collaboration Agreement”) for the global marketing and sales, and the production and further development by Elbit of our developed advanced robotic system mounted on an unmanned aerial system, or UAS, armed with lightweight firearms, which we then marketed under the commercial name “TIKAD.” On April 2, 2025, we and Elbit executed a supplement letter (the “Supplement Letter”) to the Collaboration Agreement relating to the stabilized weapons drone system technology that Elbit has been marketing and deploying under the brand name “Bird of Prey”. Pursuant to the Supplement Letter, we and Elbit have agreed to expand our collaboration to allow us to market the system to military, defense, home-land security and para-military customers, in coordination with Elbit. We will be entitled to a commission fee, in the mid-single figure percentage range, from any proceeds resulting from our marketing activities, in addition to the royalties we will receive as part of the Collaboration Agreement. On August 15, 2022, Duke Israel introduced the Insulator Cleaning (“IC”) Drone, a drone technology for conducting routine maintenance of critical infrastructure, and has signed an agreement with Israel Electric Corporation Ltd. (the “IEC”) to provide drone-enabled systems for cleaning electric utility cable insulators. During October 2023, we completed our obligations under the agreement with the IEC. This was followed in August 2024, by a new agreement with the IEC to utilize our innovative IC Drone system for cleaning electric utility cable insulators. On May 12, 2025, we announced the successful commencement of our 2025 insulator cleaning activity in Israel with the IEC under our previously announced service agreement. On June 10, 2025, we announced the launch of our next-generation IC Drone System – the ICDS2 – representing a significant technological advancement in our innovative utility maintenance drone solution. The ICDS2 features several key technological advancements over its predecessor, featuring extended flight time, higher payload capacity, enhanced stability, advanced radar and improved cleaning durability. It has been successfully deployed at the start of the insulator cleaning season in May 2025, marking a full-season operational timeline compared to 2024’s mid-season commencement. (Note: Duke Robotics Corp. priced its NASDAQ Uplisting deal – a small unit offering consisting of 1.13 million units (1,125,000 units) – at $8.20 per unit – to raise $9.28 million on Thursday night, May 14, 2026. Each unit consisted of one share of stock and one warrant to buy one share of stock at an exercise price of $8.60 per share with a five-year term, according to the prospectus. The stock will trade on the NASDAQ under the symbol “DUKR” and the warrants will trade on the NASDAQ under the symbol “DUKRW” – the prospectus said.) |
| Industry: | ROBOTICS |
| Employees: | 3 |
| Founded: | 2014 |
| Contact Information | |
| Address | 10 HaRimon Street, Mevo Carmel Science and Industrial Park, Israel, 2069203 |
| Phone Number | +972-054-5707050 |
| Web Address | https://www.dukeroboticsys.com/ |
| View Prospectus: | Duke Robotics Corp. (Uplisting/Units) |
| Financial Information | |
| Market Cap | $24.83mil |
| Revenues | $0.38 mil (last 12 months) |
| Net Income | $-1.24 mil (last 12 months) |
| IPO Profile | |
| Symbol | DUKR |
| Exchange | NASDAQ |
| Shares (millions): | 1.1 |
| Price range | $8.20 - $8.20 |
| Est. $ Volume | $9.3 mil |
| Manager / Joint Managers | Maxim Group |
| CO-Managers | |
| Expected To Trade: | 5/15/2026 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |