Nukkleus Signs MOU To Increase Holdings In Jacobi Asset Management; Negotiated Acquisition Of Additional 10% Stake In Jacobi And Option To Acquire One Hoxton Holding, Which Would Hold Additional 6% Of Jacobi
Portfolio Pulse from Benzinga Newsdesk
Nukkleus Inc. has signed a Memorandum of Understanding (MOU) to increase its holdings in Jacobi Asset Management by acquiring an additional 10% stake. Furthermore, Nukkleus has negotiated an option to acquire One Hoxton Holding, which would result in an additional 6% ownership of Jacobi.
January 17, 2024 | 1:43 pm
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Nukkleus Inc. is poised to increase its investment in Jacobi Asset Management, signaling a strategic expansion and potential growth in its asset management portfolio.
The news of Nukkleus Inc. increasing its stake in Jacobi Asset Management is likely to be viewed positively by investors, as it indicates a strategic move to strengthen its position in the asset management industry. The acquisition of additional shares and the option to acquire even more suggests confidence in Jacobi's business model and future prospects. This could lead to increased investor confidence in Nukkleus and potentially drive the stock price up in the short term.
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