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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of the: (i) over-allotment option (if any) we have granted to the representative of the underwriters as described below, (ii) the warrants included in the Units offered hereby, and (iii) warrants being issued to the representative of the underwriters in this offering. This Offering is being conducted on a firm commitment basis. The underwriters are obligated to take and pay for all the Units offered by this prospectus if any such Units are taken. We have granted a 45-day option to the representative of the underwriters, exercisable one or more times in whole or in part, to purchase up to an additional [ ] shares of common stock and/or [ ] additional warrants at a price from us in any combination thereof at the public offering price per share of common stock and $0.0001 per warrant, respectively, less the underwriting discounts payable by us, solely to cover over-allotments, if any.

We will deliver the shares of common stock being
issued to the purchasers of Units electronically upon closing and receipt of investor funds for the purchase of the Units offered pursuant
to this prospectus. The underwriters expect to deliver the shares of common stock against payment to the investors in this offering on
or about , 2026.

Sole Book-Running Manager

Maxim Group LLC

The date of this prospectus is         , 2026.

TABLE OF CONTENTS

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS iii

PROSPECTUS SUMMARY 1

RISK FACTORS 9

USE OF PROCEEDS 25

CAPITALIZATION 26

DETERMINATION OF OFFERING PRICE 27

MARKET FOR OUR COMMON STOCK 28

DILUTION 29

OUR BUSINESS 31

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 42

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 46

EXECUTIVE AND DIRECTOR COMPENSATION 51

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 55

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 56

DESCRIPTION OF OUR SECURITIES THAT WE ARE OFFERING 57

MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS 62

UNDERWRITING 67

LEGAL MATTERS 71

EXPERTS 71

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 72

WHERE YOU CAN FIND MORE INFORMATION 72

INDEX TO FINANCIAL STATEMENTS F-1

ABOUT THIS PROSPECTUS

The registration statement on Form S-1, of
which this prospectus forms a part and that we have filed with the Securities and Exchange Commission (the “SEC”), includes
exhibits that provide more detail of the matters discussed in this prospectus. You should read this prospectus and the related exhibits
filed with the SEC, together with the additional information described under the heading “Where You Can Find More Information.”

You should rely only on information contained
in this prospectus and in any free writing prospectus. We have not, and the underwriters have not, authorized anyone to provide you with
additional information or information different from that contained in this prospectus. Neither the delivery of this prospectus nor the
sale of our securities means that the information contained in this prospectus is correct after the date of this prospectus. This prospectus
is not an offer to sell or the solicitation of an offer to buy our securities in any circumstances under which the offer or solicitation
is unlawful or in any state or other jurisdiction where the offer is not permitted.

For investors outside
the United States: Neither we nor any of the underwriters have taken any action that would permit this offering or possession or distribution
of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the
United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the
offering of the securities covered hereby and the distribution of this prospectus outside of the United States.

The information in
this prospectus is accurate only as of the date on the front cover of this prospectus. Our business, financial condition, results of operations
and prospects may have changed since those dates.

No person is authorized
in connection with this prospectus to give any information or to make any representations about us, the securities offered hereby or any
matter discussed in this prospectus, other than the information and representations contained in this prospectus. If any other information
or representation is given or made, such information or representation may not be relied upon as having been authorized by us.

Neither we nor the
underwriters have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where
action for that purpose is required, other than the United States. We and the underwriters take no responsibility for, and can provide
no assurance as to the reliability of, any other information that others may give you. You are required to inform yourself about, and
to observe any restrictions relating to, this offering and the distribution of this prospectus.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS

This prospectus contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), that are intended to qualify for the “safe harbor” created by those
sections. The words “aim,” “anticipate,” “believe,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,”
“target,” “will,” “would” and similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts
contained in this prospectus, including among others, statements regarding our strategy, future operations, future financial position,
future revenue, projected costs, prospects, opportunities, plans, objectives of management, competitive advantages, and expected market
growth are forward-looking statements.

Our actual results and the timing of certain events
may differ materially from those expressed or implied in such forward-looking statements due to a variety of factors and risks, including,
but not limited to, those set forth under “Risk Factors,” those set forth from time to time in our other filings with the
SEC.

Although the forward-looking statements contained
in this registration statement are based upon what management believes to be reasonable assumptions, there is no assurance that actual
results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this registration
statement or as of the date specified in the documents incorporated by reference herein, as the case may be. The forward-looking statements
involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements
to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
You should not rely upon forward-looking statements as predictions of future events.

The forward-looking statements in this prospectus
are made only as of the date hereof or as indicated and represent our views as of the date of this prospectus. Factors or events that
could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake
no obligation to publicly update or revise any forward-looking statement, whether as the result of new information, future events or otherwise,
except as required by law.

Industry and Market Data

This prospectus contains estimates made, and other
statistical data published, by independent parties and by us relating to market size and growth and other data about our industry.

This data involves a number of assumptions and
limitations and contains projections and estimates of the future performance of the industries in which we operate that are inherently
subject to a high degree of uncertainty and actual events or circumstances may differ materially from events and circumstances reflected
in this information. We caution you not to give undue weight to such projections, assumptions and estimates. While we believe that these
publications, studies and surveys are reliable, we have not independently verified the data contained in them. In addition, while we believe
that the results and estimates from our internal research are reliable, such results and estimates have not been verified by any independent
source.

PROSPECTUS SUMMARY

This summary highlights
certain information appearing elsewhere in this prospectus. Because this is only a summary, it does not contain all of the information
you should consider before investing in our securities and it is qualified in its entirety by, and should be read in conjunction with,
the more detailed information included elsewhere in this prospectus. Before you make an investment decision, you should read this entire
prospectus carefully, including the sections of this prospectus entitled “Risk Factors”, “Management’s Discussion
and Analysis of Financial Condition and Results of Operations”, and similar headings. You should also carefully read our financial
statements, and the exhibits to the registration statement of which this prospectus is a part. This prospectus includes forward-looking
statements that involve risks and uncertainties. See “Cautionary Statement Regarding Forward-Looking Statements.”

Business Overview