AcquisitionsJul 9, 2026, 04:08 PM
T3 Defense Acquires 60% Stake in Project 35 for Shares & $1.25M Note
AI Summary
T3 Defense Inc. announced the acquisition of a 60% equity stake in Project 35, an Israeli defense technology company, on July 6, 2026. The consideration for the acquisition included the issuance of 21,059,871 shares of T3 Defense common stock and a $1,250,000 promissory note with a 12% interest rate, maturing in July 2027. Additionally, T3 Defense has committed to invest $2,500,000 into Project 35's treasury over the next 12 months to support development and sales of new projects. Project 35 specializes in unmanned aerial platforms and counter-UAV solutions, including the HY-380 autonomous interceptor, which has recently completed successful field trials.
Key Highlights
- T3 Defense Inc. acquired 60% of Project 35, an Israeli corporation, on July 6, 2026.
- Consideration included 21,059,871 shares of T3 Defense common stock.
- A $1,250,000 promissory note was issued, bearing 12% interest and maturing July 5, 2027.
- T3 Defense committed to invest $2,500,000 in Project 35 within the next 12 months.
- Project 35 supplies unmanned aerial platforms and counter-UAV systems to defense organizations.
- Project 35's HY-380 autonomous interceptor recently completed successful live-fire trials.
Price Impact
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