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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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

We are a robotics company
developing advanced robotics and drone-based systems. Our advanced robotic system enables remote, real-time, accurate firing of small
arms and light weapons that can achieve pinpoint accuracy while compensating for the movement of the weapons platform or the target. We
also introduced an insulator cleaning drone, which is a drone technology for conducting routine maintenance of critical infrastructure
for cleaning electric utility cable insulators.

On January 29, 2021, we, through
Duke Airborne Systems Ltd. (“Duke Israel”), and Elbit Systems Land Ltd., an Israeli corporation (“Elbit”), entered
into a collaboration agreement (the “Collaboration Agreement”) for the global marketing and sales, and the production and
further development by Elbit of our developed advanced robotic system mounted on an unmanned aerial system, or UAS, armed with lightweight
firearms, which we then marketed under the commercial name “TIKAD.” On April 2, 2025, we and Elbit executed a supplement letter
(the “Supplement Letter”) to the Collaboration Agreement relating to the stabilized weapons drone system technology that Elbit
has been marketing and deploying under the brand name “Bird of Prey”. Pursuant to the Supplement Letter, we and Elbit have
agreed to expand our collaboration to allow us to market the system to military, defense, home-land security and para-military customers,
in coordination with Elbit. We will be entitled to a commission fee, in the mid-single figure percentage range, from any proceeds resulting
from our marketing activities, in addition to the royalties we will receive as part of the Collaboration Agreement.

On August 15, 2022, Duke Israel
introduced the Insulator Cleaning (“IC”) Drone, a drone technology for conducting routine maintenance of critical infrastructure,
and has signed an agreement with Israel Electric Corporation Ltd. (the “IEC”) to provide drone-enabled systems for cleaning
electric utility cable insulators. During October 2023, we completed our obligations under the agreement with the IEC. This was followed
in August 2024, by a new agreement with the IEC to utilize our innovative IC Drone system for cleaning electric utility cable insulators.  On
May 12, 2025, we announced the successful commencement of our 2025 insulator cleaning activity in Israel with the IEC under our previously
announced service agreement. On June 10, 2025, we announced the launch of our next-generation IC Drone System - the ICDS2 - representing
a significant technological advancement in our innovative utility maintenance drone solution. The ICDS2 features several key technological
advancements over its predecessor, featuring extended flight time, higher payload capacity, enhanced stability, advanced radar and improved
cleaning durability. It has been successfully deployed at the start of the insulator cleaning season in May 2025, marking a full-season
operational timeline compared to 2024’s mid-season commencement.

Corporate History

We were founded in 2014 as
Unlimited Aerial Systems, LLP (“UAS LLP”) as a developer and manufacturer of commercial unmanned aerial systems, or drones,
intending to provide a superior quadrotor aerial platform at an affordable price point in the law enforcement and first responder markets.

On March 9, 2020, we completed
a share exchange pursuant to which Duke Robotics, Inc., a Delaware corporation (“Duke Inc.”) became our majority-owned subsidiary
(the “Share Exchange”). As a result of the Share Exchange, the Company adopted the business plan of Duke Inc.

On April 29, 2020, we, Duke
Inc., and UAS Acquisition Corp., a newly-formed Delaware corporation and our wholly-owned subsidiary (“UAS Sub”), executed
an Agreement and Plan of Merger (the “Merger Agreement”), under which UAS Sub was to merge with and into Duke Inc., with Duke
Inc. surviving as our wholly-owned subsidiary (the “Short-Form Merger”). The purpose of the Short-Form Merger was to allows
us to acquire the remaining outstanding shares of Duke Inc. held by those certain Duke Inc. shareholders who did not participate in the
Share Exchange. On June 25, 2020, the Short-Form Merger was completed, and consequently Duke Inc. became our wholly-owned subsidiary.
Duke Inc. has one wholly-owned subsidiary, Duke Israel, which was formed under the laws of the State of Israel in March 2014.

On October 28, 2024, we changed
the Company’s corporate name from UAS Drone Corp. to DUKE Robotics Corp. and changed our trading symbol from “USDR”
to “DUKR,” effective as of November 4, 2024.

Recent Developments

On February 18, 2025, we announced
that we established Duke Robotics Hellas M I.K.E (“Duke Greece”), a wholly owned subsidiary, formed under the laws of Greece.

On October 15, 2025, we filed
a certificate of amendment (the “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
(the “Share Increase”), effective as of October 15, 2025.

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 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,

Listing on the Nasdaq Capital Market

Our common stock is currently quoted on the OTCQB under the symbol
“DUKR”. In connection with this offering, we intend to apply to list our common stock and warrants on the Nasdaq Capital Market
(“Nasdaq”) under the symbol “DUKR” and “DUKRW” respectively. If our listing application is approved,
we expect to list our common stock on Nasdaq upon consummation of this offering, at which point our common stock will cease to be traded
on the OTCQB Market. No assurance can be given that our listing application will be approved. This offering will only be consummated if
Nasdaq approves the listing of our common stock and warrants. Nasdaq listing requirements include, among other things, a stock price threshold.
As a result, prior to effectiveness, we intend to take the necessary steps to meet Nasdaq listing requirements, including but not limited
to a consummating a reverse split of our outstanding common stock as further discussed below. If Nasdaq does not approve the listing of
our common stock and warrants, we will not proceed with this offering. There can be no assurance that our common stock and warrants will
be listed on Nasdaq.

Reverse Stock Split