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January 24, 2023 | Source: Brilliant Acquisition Corporation
NEW YORK, Jan. 24, 2023 (GLOBE NEWSWIRE) — Brilliant Acquisition Corporation (“Brilliant”) announced today that it has extended the time available to complete its original business combination by an additional month or until February September 2023. In connection with the renewal, Nukkleus, Inc. (“Nukkleus”) has paid into Brilliant’s escrow account $21,350, representing $0.0525 per currently outstanding public common share of Brilliant as additional interest on the proceeds in the escrow account is equivalent to. The extension was approved by Brilliant shareholders on January 19, 2023. Shareholder approval also allows Brilliant to extend Brilliant’s initial deadline for the business combination by an additional two months on a monthly basis, or until April 23, 2023. Nukkleus will place an additional $32,500 in escrow for such additional monthly renewal, equivalent to $0.08 per outstanding Brilliant public common share.
The purpose of the extension is to allow Brilliant sufficient time to complete the previously announced proposed business combination with Nukkleus. A summary of the significant terms of the proposed business combination can be found in Brilliant’s Current Report on Form 8-K filed February 23, 2022 and in Nukkleus’ Registration Statement on Form S-4 originally filed April 15, 2022 (at the previous version). ), with the US Securities and Exchange Commission (the “SEC”) in connection with the announcement of the proposed business combination.
About Brilliant Acquisition Corp.
Brilliant (Nasdaq: BRLI) is a blank check corporation formed for the purpose of consummating a merger, stock exchange, asset acquisition or other similar business combination with one or more companies or entities.
Additional information and where to find it
This press release relates to a proposed business combination between Nukkleus and Brilliant, under which Nukkleus will become Brilliant’s parent company upon the closing of the transactions. In connection with the Proposed Transaction, Nukkleus has filed a registration statement on Form S-4 with the SEC, including a proxy statement (the “Proxy Statement”). The final proxy statement (if and when available) will be served on Nukkleus and Brilliant shareholders. Both Nukkleus and Brilliant may also file other relevant documents with the SEC regarding the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITYHOLDERS OF NUKKLEUS AND BRILLIANT ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS FILED WITH THE SEC RELATED TO THE PROPOSED TRANSACTION REPRESENT THESE DOCUMENTS CAREFULLY AND COMPLETELY, INCLUDING ANY MODIFICATIONS OR ADDITIONS BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
The story goes on
Investors and security holders may obtain free copies of the proxy statement (if available) and other documents filed or to be filed with the SEC by Nukkleus or Brilliant through the website maintained by the SEC at www.sec.gov. Nukkleus stockholders may also obtain a copy of the final proxy statement free of charge by submitting a request to: Nukkleus, Inc., 525 Washington Boulevard, Jersey City, New Jersey 07310. Brilliant stockholders may also obtain a copy of the final Proxy Statement by submitting a free inquiry to: Brilliant Acquisition Corporation, 99 Dan Ba Road, C-9, Putuo District, Shanghai, P.R. China.
participants in the tender
Nukkleus and its directors and officers are engaged in obtaining powers of attorney from Nukkleus shareholders in relation to the Proposed Transaction. Information about the directors and officers of Nukkleus and their ownership of Nukkleus common stock is set forth in Nukkleus’ Annual Report on Form 10-K for the year ended September 30, 2021, filed with the SEC on December 29, 2021. Additional information about the participants in the proxy solicitation and a description of their direct and indirect interests, by holdings of securities or otherwise, will be included in the proxy statement/prospectus and other relevant materials to be filed with the SEC with respect to the proposed transaction once they are available. You can obtain free copies of these documents as described in the paragraph above.
Brilliant and its directors and officers are involved in obtaining proxies from Brilliant shareholders in relation to the Proposed Transaction. Information about Brilliant’s directors and officers and their ownership of Brilliant common stock is set forth in Brilliant’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 31, 2022. Additional information about the participants in the proxy solicitation and a description of their direct and indirect interests, by holdings of securities or otherwise, will be included in the proxy statement/prospectus and other relevant materials to be filed with the SEC with respect to the proposed transaction once they are available. You can obtain free copies of these documents as described above.
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. Brilliant expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein to reflect any change in Brilliant’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
chief Executive Officer Brilliant Acquisition Corporation + (86) 021-80125497