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: 1487
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Document Content:

6 – RELATED PARTIES A. Transactions and balances with related parties Nine months ended September 30 Three months ended September 30 General and administrative expenses: Directors and Officers compensation (1) 483 339 181 136 (1) Share base compensation 111 11 52 (* ) Financing: Financing expense 6 6 2 2 (*) Less than 1 thousand B. Balances with related parties: As of September 30, As of December 31, Other accounts liabilities 64 43 Loans 328 322 C. On February 24, 2025, the Company executed a consulting agreement with Mrs. Alexandra Papaconstantinou to provide management services as the Managing Director of Duke Greece D. On March 18, 2025, the board of directors of the Company approved an increase in the amount of shares of Common Stock available under the 2021 Equity Incentive Plan (the “2021 Plan”) from 4,800,000 to 9,000,000. DUKE ROBOTICS CORP. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(USD in thousands,
except share and per share data)

NOTE
6 – RELATED PARTIES (continue)

E. On March 18, 2025, the board
of directors of the Company approved the following grants pursuant to the 2021 Plan (see also note 5 above):

(i)	Options to purchase 1,000,000 shares of Common Stock to Mr.
Yossef Balucka, CEO, at an exercise price of $0.21 per share, and vest in three equal installments of 33% at the end of each year. The
options expire after six (6) years from the date of grant, and such other terms and conditions set forth in the 2021 Plan.

(ii)	Options to purchase 500,000 shares of Common Stock to Mr.
Vadim Maor, Company’s CTO nominated at March 18, 2025, at an exercise price of $0.21 per share. The options have the following
vesting schedule: 33% of the options will vest after 12 months and the remaining portion will vest in eight equal installments over eight
quarters. The options expire after six (6) years from the date of grant, and such other terms and conditions set forth in the 2021 Plan.

( iii)	Options to purchase 120,000 shares of Common Stock to Ms.
Keren Gousman Golan, director at an exercise price of $0.21 per share and vest in three equal installments of 33% at the end of each
year. The options expire after six (6) years from the date of grant, and such other terms and conditions set forth in the 2021 Plan.

(iv)	Options to purchase 400,000 shares of Common Stock to Mrs.
Alexandra Papaconstantinou, Managing Director of Duke Greece. The options were granted at an exercise price of $0.21 per share and vest
in three equal installments of 33% at the end of each year. The options expire after six (6) years from the date of grant, and such other
terms and conditions set forth in the 2021 Plan.

(v)	Options to purchase 50,000 shares of Common Stock to Mr.
Shlomo Zakai, CFO, at an exercise price of $0.21 per share, and vest in three equal installments of 33% at the end of each year. The
options expire after six (6) years from the date of grant, and such other terms and conditions set forth in the 2021 Plan.

DUKE ROBOTICS CORP.

NOTES TO UNAUDITED
CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(USD in thousands,
except share and per share data)

NOTE 7 –
SEGMENT INFORMATION

The Company has one operating and reportable segment, drone
insulators washing activity.

The chief operating decision maker evaluates segment performance
primarily based on segment operating loss.

The Company refined the name of the segment previously referred to
as ‘Revenue from drones insulators washing’ to ‘Revenues from civil applications segment’ to better reflect its
nature. The change had no impact on the composition or nature of the segment’s activities.

The following table presents information
about the Company’s reportable segments for the nine and three months ended September 30, 2025 and 2024. The Company has not changed
the composition of its reportable segments since its last annual report.

Nine months ended Three months ended

September 30 September 30

Revenue from civil applications segment 343 72 216 72

Cost of revenues from civil applications segment (156	) (41	) (93	) (41	)

Gross profit 187 31 123 31

Gross profit from other revenues 16 - - -

Research and development expenses (79	) (137	) (34	) (20	)

Depreciation (13	) (14	) (4	) (4	)

Professional services (539	) (483	) (182	) (187	)

Share base compensation (150	) (28	) (73	) (1	)

Other general and administrative expenses (173	) (111	) (43	) (37	)

Operating loss (751	) (742	) (213	) (218	)

Interest expenses (101	) (76	) (30	) (30	)

Interest income 84 120 13 37

Other expenses (10	) - - -

Net loss (778	) (698	) (230	) (211	)

For the nine months ended September 30, 2025 and 2024, the Company’s
operations were mostly confined to Israel. As of September 30, 2025 and 2024, fixed assets of the Company were located in Israel and Greece.

NOTE 8 – SUBSEQUENT EVENTS

On October 15, 2025, the Company filed a Certificate of Amendment to
its Articles of Incorporation (the “Certificate of Amendment”) with the Nevada Secretary of State, to increase its authorized
shares of Common Stock, from 100,000,000 shares of Common Stock to 350,000,000 shares of Common Stock, as well as to permit
the issuance of up to 10,000,000 shares of “blank check” preferred stock, par value $0.0001 per share. The “blank-check”
preferred stock may have such rights and preferences as may be designated by the Company’s Board of Directors from time to time.
The Certificate of Amendment was effective upon filing on October 15, 2025.

[    ] Units

Each Unit Consisting of

One Share of Common Stock and

One Warrant to Purchase One Share of Common Stock

PROSPECTUS

Sole Book-Running Manager

Maxim Group LLC

Through and including              , 2025 (the 25th day
after the date of this prospectus), all dealers that effect transactions in these securities, whether or not participating in this
offering, may be required to deliver a prospectus. This is in addition to a dealer’s obligation to deliver a prospectus when
acting as an underwriter and with respect to an unsold allotment or subscription.

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 13. Other Expenses of Issuance and Distribution

The following table sets forth
an itemization of the various expenses, all of which we will pay, in connection with the issuance and distribution of the securities being
registered. All of the amounts shown are estimated except the SEC Registration Fee and the FINRA filing fee.

Approximate

Amount

SEC Registration Fee $	[_]

Nasdaq listing fees *

FINRA filing fee $	[_]

Fees of transfer agent and warrant agent *

Accounting fees *

Legal fees and expenses *

Miscellaneous *

Total $

*	To be added by amendment.

Item 14. Indemnification of Directors and Officers

Nevada law provides that a
Nevada corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed
action, suit or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of the corporation
(i.e., a “non-derivative proceeding”), by reason of the fact that he or she is or was a director, officer, employee or agent
of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses, including attorneys’ fees, judgments, fines and amounts
paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he or she:

●	Is not liable under Section 78.138 of the Nevada Revised Statutes for breach of his or her fiduciary duties to the corporation; or

●	Acted in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful.

In addition, a Nevada corporation
may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit
by or in the right of the corporation to procure a judgment in its favor (i.e., a “derivative proceeding”), by reason of the
fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation
as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses,
including amounts paid in settlement and attorneys’ fees actually and reasonably incurred by him or her in connection with the defense
or settlement of the action or suit if he: