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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split at a ratio of [ ], and do not include, as of that date: (2) The number of shares of our common stock outstanding after the offering gives effect to our planned reverse stock split at a ratio of [ ], but does not include: ● 15,500,000 shares of our common stock issuable upon exercise of outstanding warrants at a weighted average exercise price of $0.65 per share; ● [ ] shares of our common stock issuable upon exercise of warrants to be issued in this offering; ● [ ] shares of our common stock issuable upon exercise of the Representative’s Warrants; ● 4,496,812 shares of our common stock issuable upon exercise of outstanding options at a weighted average exercise price of $0.54 per share; and ● 4,503,188 shares of our common stock that are reserved for equity awards that may be granted under our existing equity incentive plans.

Except as otherwise indicated, all information
in this prospectus assumes:

●	that the public offering price is $[   ] per Unit;

●	a reverse stock split being effected at a ratio of [   ];

●	no exercise of the warrants included in the Units;

●	no exercise of the Representative’s Warrants; and

●	no exercise of the Representative’s option to purchase additional shares and/or warrants from us in this offering.

RISK FACTORS

Any investment in our securities
involves a high degree of risk. You should consider carefully the risks and uncertainties described below and all information contained
in this prospectus, before you decide whether to purchase our securities. If any of the following risks or uncertainties actually occurs,
our business, financial condition, results of operations and prospects would likely suffer, possibly materially. In addition, we may face
additional risks and uncertainties not currently known to us, or which as of the date of this registration statement we might not consider
significant, which may adversely affect our business. If any of the following risks occur, our business, financial condition and results
of operations could be materially adversely affected. In such case the trading price of our common stock could decline due to any of these
risks or uncertainties, and you may lose part or all of your investment.

Risks Related to our Business and Industry

We have a limited operating
history and have generated limited revenues to date.

Our limited operating history makes evaluating the business and future
prospects difficult and may increase the risk of your investment. Our operating subsidiary in Israel was formed in March 2014. To date,
we have generated limited revenues, through our commercialization efforts with respect to our products. We intend in the long-term to
derive substantial revenues from the sales of the IC Drone, as well as future models of other robots and our UAS platforms for both military
and civilian use, but there can be no assurance that we will be able to do so.

In addition, our relatively
new IC Drone product offering to the civilian market may pose risks due to the evolving nature of our business model, which requires expertise
that is still being developed internally and could introduce operational challenges. There can be no assurance that we will be able to
successfully implement and manage this new business model. Our business, results of operations, financial condition and cash flows could
be materially adversely affected if we are unable to successfully integrate the shift in our business model into our existing operations
and any inability to do so may also hinder our ability to grow, divert the attention of management and our key personnel, disrupt
our business and impair our financial results.

We may not be able to
obtain adequate financing to continue our operations.

We expect that we will need
to raise additional funds to continue the design, manufacture, sale and servicing of the IC Drone and our stabilized robotic technology
as well as develop future robot products and other platforms for the implementation of our products. We believe that we will need to raise
additional capital in the future to fund our research and development and commercialization efforts. If we seek to raise additional capital,
we may do so through the issuance of equity, equity-related, or debt securities or through obtaining credit from government or financial
institutions or other persons. This capital will be necessary to fund ongoing operations, continue research, development and design efforts,
establish a sales infrastructure and make the investments in tooling and equipment required to develop and manufacture our products. Moreover,
the terms of any financing may adversely affect the holdings or the rights of holders of our securities and the issuance of additional
securities, whether equity or debt, by us, or the possibility of such issuance, may cause the market price of our common stock to decline.
The incurrence of indebtedness could result in increased fixed payment obligations, and we may be required to agree to certain restrictive
covenants, such as limitations on our ability to incur additional debt, limitations on our ability to acquire, sell or license intellectual
property rights and other operating restrictions that could adversely impact our ability to conduct our business. We could also be required
to seek funds through arrangements with collaborative partners or otherwise at an earlier stage than otherwise would be desirable, and
we may be required to relinquish rights to some of our technologies or product candidates or otherwise agree to terms unfavorable to us,
any of which may have a material adverse effect on our business, operating results and prospects. Even if we believe that we have sufficient
funds for our current or future operating plans, we may seek additional capital if market conditions are favorable or if we have specific
strategic considerations.

We have inadequate capital
and need for additional financing to accomplish our business and strategic plans. Terms of subsequent financing, if any, may adversely
impact your investment.

We have limited funds, and
such funds are not fully adequate to fully support our future development and business plans. Our ultimate success may depend on our ability
to raise additional capital. In the absence of additional financing or significant revenues and profits, the Company will have to approach
its business plan from a much different and much more restricted direction, attempting to secure additional funding sources to fund its
growth, borrowing money from lenders or elsewhere or to take other actions to attempt to obtain funding.

We may have to engage in common
equity, debt, or preferred stock financings in the future. Your rights and the value of your investment in the common stock could be reduced
by the dilution caused by future equity issuances. Interest on debt securities could increase costs and negatively impact operating results.
In the event we are permitted to issue preferred stock pursuant to the terms of our Articles of Incorporation, preferred stock could be
issued in series from time to time with such designation, rights, preferences, and limitations as needed to raise capital. The terms of
preferred stock would be more advantageous to those investors than to the holders of common stock. In addition, if we need to raise more
equity capital from the sale of common stock, institutional or other investors may negotiate terms possibly less favorable to us, and
thereby adversely impact your investment. Shares of common stock which we sell from time to time could be sold into any market that develops,
which could adversely affect the market price of our common stock.

Our revenues will depend
heavily on government contracts

We expect to derive most of
our immediate future revenues from the civilian sector or from governmental and quasi-governmental customers in the energy utility sector
As a result, our revenues may be concentrated among a relatively limited number of customers, and the loss of, or a material reduction
in business from, any significant customer could have a disproportionate adverse effect on our revenues, results of operations and cash
flows. Governmental and quasi-governmental customers are subject to budgeting, appropriations and procurement processes that are inherently
uncertain and may be delayed, reduced or eliminated due to numerous factors, including changes in political leadership, shifting policy
priorities, macroeconomic conditions and geo-political events that are beyond our control. The funding of government programs could be
reduced or eliminated due to numerous factors, including geo-political events and macro-economic conditions that are beyond our control.
Reduction or elimination of government spending under our contracts would imperil the sales of our products and may cause a negative effect
on our revenues, results of operations, cash flow and financial condition.

In addition, our business
is subject to heightened regulatory and compliance requirements applicable to government contractors and suppliers to operators of critical
infrastructure, including requirements relating to cybersecurity, data protection, export controls, safety certifications, reporting obligations
and audit rights. Compliance with these requirements may increase our operating costs, require significant management attention and expose
us to fines, penalties, contract termination, suspension or debarment if we fail to comply.