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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Word Count: 1496
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Document Content:

than we do. These entities may also have significantly greater experience and infrastructure in commercializing civilian or defense products, obtaining regulatory approval for those products and commercializing those products around the world. Defense and Military Market While we believe that our products are novel, and that we have unique knowledge of military operational demands and challenges and years of developing complex military airborne systems and advanced robotics, the defense industry is a competitive environment. Government Regulation Government Contracting Regulations. We operate under laws, regulations and administrative rules governing defense and other government contracts, mainly in Israel and the United States. Some of these carry major penalty provisions for non-compliance, including disqualification from participating in future contracts. In addition, our participation in governmental procurement processes in Israel, the United States and other countries is subject to specific regulations governing the conduct of the process of procuring defense and homeland security contracts.

Israeli Export Regulations. Israel’s
defense export policy regulates the sale of a number of our systems and products. Current Israeli policy encourages exports to approved
customers of defense systems and products such as ours, as long as the export is consistent with Israeli government policy. Subject to
certain exemptions, a license is required to initiate marketing activities. We also must receive a specific export license for defense
related hardware, software and technology exported from Israel. Israeli law also regulates export of “dual use” items (items
that are typically sold in the commercial market but that also may be used in the defense market).

Approval of Israeli Defense
Acquisition. The Israeli Defense Entities Law (Protection of Defense Interests) establishes conditions for the approval of an
acquisition or transfer of control of an entity that is determined to be an Israeli “defense entity” under the terms of the
law. Designation as a “defense entity” is to occur through an order to be issued jointly by the Israeli Prime Minister, Defense
Minister and Economy Minister. Although no such orders relating to us have been issued as of the date hereof, it is possible that our
Israeli subsidiary may be designated as a “defense entity” under the law. An order (pursuant to the law) would establish conditions
and restrictions regarding non-Israeli control of our Israeli subsidiary. For example, Israeli government approval might be required for
acquisition of twenty-five percent (25%) or more of the voting securities or a smaller percentage of shares of common stock that grant
“means of control” in the Company, if such were to directly affect the control of our Israeli subsidiary. Means of Control
for the purposes of the law includes the right to control the vote at a shareholders’ meeting or to appoint a director.

Approval of U.S. and Other
Defense Acquisitions. Many countries in addition to Israel also require governmental approval of acquisitions of local defense
companies or assets by foreign entities. Mergers and acquisitions of certain types of defense related businesses in the U.S. are subject
to the Foreign Investment and National Security Act (“FINSA”). Under FINSA, foreign acquisitions of certain types of defense
related businesses in the U.S. require review, and in some cases approval, by the Committee on Foreign Investment in the United States
(“CFIUS”). In that regard, if a foreign entity attempts to acquire us or all of our domestic assets, such transactions may
be subject to FINSA, and in certain instances CFIUS has the authority to order divestment and cancellation of the transaction.

“Buy American”
Laws. The U.S. “Buy American” laws impose price differentials or prohibitions on procurement of products purchased
under U.S. government programs. The price differentials or prohibitions apply to products that are not made in the United States or that
do not contain U.S. components making up at least fifty percent (50%) of the total cost of all components in the product. However, a Memorandum
of Agreement between the United States and Israeli governments waives the “Buy American” laws for specified products, including
most of the products we may sell in the United States.

Procurement Regulations. Solicitations
for procurements by governmental purchasing agencies in Israel, the United States and other countries are governed by laws, regulations
and procedures relating to procurement integrity, including avoiding conflicts of interest, corruption, human trafficking and conflict
minerals in the procurement process. Such regulations also include provisions relating to information assurance and for the avoidance
of counterfeit parts in the supply chain.

Anti-Bribery Regulations. We
conduct operations in a number of markets that are considered high risk from an anti-bribery compliance perspective. Laws and regulations
such as the Israel Penal Code, the Organization for Economic Cooperation and Development (“OECD”) Convention on Combating
Bribery of Foreign Public Officials in International Business Transactions, the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act
and corresponding legislation in other countries, prohibit providing personal benefits or bribes to government officials in connection
with the governmental procurement process. Israeli defense exporters, like ourselves, are required to maintain an anti-bribery compliance
program, including specific procedures, record keeping and training.

Audit Regulations. The
IMOD may audit our books and records relating to its contracts with us. Our books and records and other aspects of projects that will
be related to the U.S. defense contracts will be subject to audit by U.S. government audit agencies. Such audits review compliance with
government contracting cost accounting and other applicable standards. If discrepancies are found this could result in a downward adjustment
of the applicable contract’s price. Some other customers have similar rights under specific contract provisions.

Civil Aviation Regulations. Several
of our products for commercial aviation applications are subject to flight safety and airworthiness standards of the U.S. Federal Aviation
Administration and similar civil aviation authorities in Israel, Greece, the EU, and other countries.

Environmental, Health and
Safety Regulations. We are subject to a variety of environmental, health and safety laws and regulations in the jurisdictions
in which we have operations. This includes regulations relating to air, water and ground contamination, hazardous waste disposal and other
areas with a potential environmental or safety impact.

Recent Developments

On February 18, 2025, we announced
that we established Duke Greece, a wholly owned subsidiary, formed under the laws of Greece, and on February 24, 2025 we appointed Mrs.
Alexandra Papaconstantinou to provide management services as the Managing Director of Duke Greece.

On July 09, 2025, we announced
that we expect to receive initial revenues from royalties for sales of the “Bird of Prey” stabilized weapons drone systems through
our collaboration with Elbit. The stabilized weapons drone system, which has been marketed and deployed by Elbit under the brand name
“Bird of Prey”, features proprietary technology that enables precise remote operations via an unmanned aerial platform, designed
to enhance military operational capabilities while minimizing risk to personnel with no boots on the ground. As per our Collaboration
Agreement between with Elbit from February 2021, we will receive royalties from sales of this system in accordance with the terms of the
agreement. Additionally, in April 2025, we announced an expansion of our collaboration with Elbit that allows us to market the stabilized
weapons drone system to military, defense, homeland security, and para-military customers in coordination with Elbit.

On August 28, 2025, we announced
that the “Bird of Prey” stabilized weapons drone system was prominently featured in a comprehensive television report by Israel’s
Channel 14 News examining the Israel Defense Forces’ (“IDF”) advanced weaponized drone warfare capabilities. The television
report provided rare insight into the IDF’s ‘secretive drone units’ and their revolutionary combat methodologies that have
transformed modern battlefield operations, including in operational use throughout the “Iron Swords” war. The “Bird of
Prey” system, which is developed and marketed as part of our strategic collaboration with Elbit was specifically highlighted in the
broadcast as part of the coverage showcasing advanced weaponized drone technologies currently deployed by the IDF.

The report documented how
these cutting-edge drone systems operate with “surgical precision” from the air, silently identifying, targeting, and neutralizing
threats while keeping soldiers out of harm’s way.

On October 15, 2025, we filed a certificate of amendment to our Articles
of Incorporation with the Nevada Secretary of State to increase our authorized common stock from 100,000,000 shares of common stock,
$0.0001 par value per share, to 350,000,000 shares of common stock, $0.0001 par value per share, and permit the issuance of up to
10,000,000 shares of blank-check preferred stock, effective as of October 15, 2025.

Government Regulation

We are subject to various
federal, state, local and international laws with respect to our receipt, storage and processing of personal information and other customer
data. For additional detail, please see “Risk Factors” on page 9 as well as “Our Business - Defense and Military Market
- Government Regulation” included above.

Employees

We engage three (3) executive
officers: our Chief Executive Officer, Chief Technology Officer and our Chief Financial Officer. We engage freelance contractors and consultants
in order to limit our operating expenses and therefore allowing us to scale as necessary. We maintain long-term relationships with these
freelance contractors and consultants.