SEC Filing Document

Company: DUKE Robotics Corp.
Ticker: DUKR
CIK: 1638911
Filing Type: DRS
Document Type: DRS
Date Filed: 2025-12-22
Accession Number: 0001213900-25-124553
Exchange: OTC
SIC Code: 3721
SIC Description: Aircraft
URL: https://www.sec.gov/Archives/edgar/data/1638911/000121390025124553/filename1.htm

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result, our shareholders could suffer losses or be unable to liquidate their holdings. No assurance can be given that the price of our common stock will become less volatile when listed on Nasdaq. Market prices for our common stock will be influenced by a number of factors, including: ● the issuance of new equity securities of the Company pursuant to a future offering, including issuances of preferred stock; ● the introduction of new products or services by us or our competitors; ● any future reseller arrangements with global and domestic providers and brand owners; ● changes in interest rates; ● significant dilution caused by the anti-dilutive clauses in our financial agreements; ● competitive developments, including announcements by our competitors of new products or services or significant contracts, acquisitions, strategic partnerships, joint ventures or capital commitments; ● variations in our quarterly operating results; ● change in financial estimates by securities analysts;

●	a limited amount of news and analyst coverage for our Company;

●	the depth and liquidity of the market for our shares of common stock;

●	sales of large blocks of our common stock, including sales by our major stockholders, any executive officers or directors appointed in the future, or by other significant shareholders;

●	investor perceptions of our Company; and

●	general economic and other national and international conditions.

Market price fluctuations
may negatively affect the ability of investors to sell our shares at consistent prices.

Offers or availability
for sale of a substantial number of shares of our common stock, including following this offering, may cause the price of our common stock
to decline.

Sales of large blocks of our
common stock could depress the price of our common stock. The existence of these shares, warrants and options create a circumstance commonly
referred to as an “overhang” which can act as a depressant to our common stock price. The existence of an overhang, whether
or not sales have occurred or are occurring, also could make our ability to raise additional financing through the sale of equity or equity-linked
securities more difficult in the future at a time and price that we deem reasonable or appropriate. If our existing shareholders and investors
seek to sell a substantial number of shares of our common stock, such selling efforts may cause significant declines in the market price
of our common stock.

In addition, the shares of
our common stock included in the Units and underlying warrants sold in the offering will be freely tradable without restriction or further
registration under the Securities Act. As a result, a substantial number of shares of our common stock may be sold in the public market
following this offering. If there are significantly more shares of common stock offered for sale than buyers are willing to purchase,
then the market price of our common stock may decline to a market price at which buyers are willing to purchase the offered common stock
and sellers remain willing to sell our common stock.

Our common stock may
be affected by limited trading volume and price fluctuations, which could adversely impact the value of our common stock.

Our common stock has experienced,
and is likely to experience in the future, significant price and volume fluctuations, which could adversely affect the market price of
our common stock without regard to our operating performance. In addition, we believe that factors such as quarterly fluctuations in our
financial results and changes in the overall economy or the condition of the financial markets could cause the price of our common stock
to fluctuate substantially. These fluctuations may also cause short sellers to periodically enter the market in the belief that we will
have poor results in the future. We cannot predict the actions of market participants and, therefore, can offer no assurances that the
market for our common stock will be stable or appreciate over time.

Because we may issue
preferred stock without the approval of our shareholders and have other anti-takeover defenses, it may be more difficult for a third party
to acquire us and could depress our stock price.

In general, our Board may
issue, without a vote of our shareholders, one or more additional series of preferred stock that have more than one vote per share, although
the Company’s ability to designate and issue preferred stock is currently restricted by covenants under our agreements with prior
investors. Without these restrictions, our Board could issue preferred stock to investors who support us and our management and give effective
control of our business to our management. Additionally, issuance of preferred stock could block an acquisition resulting in both a drop
in our stock price and a decline in interest of our common stock. This could make it more difficult for shareholders to sell their common
stock. This could also cause the market price of our common stock shares to drop significantly, even if our business is performing well.

We do not expect to
declare or pay cash dividends on our common stock for the foreseeable future, and any return to stockholders will therefore be limited
to the appreciation in the value of our shares.

We have not declared or paid
any dividends in the past, and we do not currently intend to declare or pay any cash dividends on our common stock for the foreseeable
future. We anticipate that we will retain any future earnings for the development, operation and expansion of our business. The declaration,
payment and amount of any future dividends, if any, will be at the discretion of our board of directors and will depend on a number of
factors, including our results of operations, cash flows, financial condition, operating and capital requirements and other factors deemed
relevant by our board of directors. There can be no assurance that we will pay dividends in the future or, if dividends are paid, as to
the amount of any such dividends. As a result, stockholders may only realize a return on their investment through the appreciation in
the market price of our common stock, if any.

Risks Related to Israeli Law and Our Operations
in Israel

Our principal executive
offices and other significant operations are located in Israel, and, therefore, our results may be adversely affected by political, economic
and military instability in Israel, including the 2023 attack by Hamas and other terrorist organizations from the Gaza Strip and Israel’s
war against them.

Our executive offices and
corporate headquarters are located in Israel. In addition, our officers and directors are residents of Israel. Accordingly, political,
economic and military and security conditions in Israel and the surrounding region may directly affect our business. Any conflicts, political
instability, terrorism, cyberattacks or any other hostilities involving Israel or the interruption or curtailment of trade between Israel
and its present trading partners could adversely affect our operations. Ongoing and revived hostilities in the Middle East or other Israeli
political or economic factors, could harm our operations.

In October 2023, Hamas terrorists
infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas
also launched extensive rocket attacks on Israeli population and industrial centers located along Israel’s border with the Gaza
Strip and in other areas within the State of Israel. These attacks resulted in extensive deaths, injuries and kidnapping of civilians
and soldiers. Following the attack, Israel’s security cabinet declared war against Hamas and a military campaign against these terrorist
organizations commenced in parallel to their continued rocket and terror attacks.

Following the attack by Hamas
on Israel’s southern border, Hezbollah in Lebanon has also launched missile, rocket and shooting attacks against Israeli military
sites, troops, and Israeli towns in northern Israel. In response to these attacks, the Israeli army has carried out a number of targeted
strikes on sites belonging to Hezbollah in southern Lebanon. It is possible that other terrorist organizations, including Palestinian
military organizations in the West Bank, as well as other hostile countries, such as Iran, will join the hostilities. Such hostilities
may include terror and missile attacks. Any hostilities involving Israel or the interruption or curtailment of trade between Israel and
its trading partners could adversely affect our operations and results of operations. Although the Israeli government currently covers
the reinstatement value of direct damages that are caused by terrorist attacks or acts of war, we cannot assure you that this government
coverage will be maintained or that it will sufficiently cover our potential damages. Any losses or damages incurred by us could have
a material adverse effect on our business. Any armed conflicts or political instability in the region would likely negatively affect business
conditions and could harm our results of operations.