T3 Defense's SPAC Terminates Payments Tech Acquisition LOI

T3 Defense Inc.'s subsidiary, Nukkleus Defense Technologies Inc., controls SC II Acquisition Corp., a SPAC. The SPAC previously entered a non-binding letter of intent (LOI) on March 31, 2026, to acquire a payments technology company. On July 12, 2026, the SPAC informed the Target that it is terminating the LOI, effective immediately, as it does not intend to pursue the proposed transaction. As a result, the SPAC no longer has obligations under the LOI, except for certain confidentiality agreements.