Nukkleus Inc. announced a private placement of a senior unsecured convertible promissory note in the principal amount of $312,500 to X Group Fund of Funds at a price of $250,000 for the gross proceeds of $250,000 on June 11, 2024. The note bears interest of 12.0% per annum and is due and payable six months after issuance. The investor shall have the right to convert the principal and interest payable under the note into shares of common stock of the company at a per share conversion price of $0.25.