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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different rules. Gain on Sale, Exchange or Other Taxable Disposition of Common Stock or Warrants Subject to the discussion below regarding backup withholding and foreign accounts, a non-U.S. holder generally will not be required to pay U.S. federal income tax on any gain realized upon the sale, exchange or other taxable disposition of our common stock or a warrant unless: ● the gain is effectively connected with the non-U.S. holder’s conduct of a U.S. trade or business (and, if required by an applicable income tax treaty, the gain is attributable to a permanent establishment or fixed base maintained by the non-U.S. holder in the United States); ● the non-U.S. holder is a non-resident alien individual who is present in the United States for a period or periods aggregating 183 days or more during the calendar year in which the sale or disposition occurs and certain other conditions are met; or

●	shares of our common stock or our warrants, as applicable, constitute U.S. real property interests by reason of our status as a “United States real property holding corporation” (a USRPHC) for U.S. federal income tax purposes at any time within the shorter of the five-year period preceding the non-U.S. holder’s disposition of, or the non- U.S. holder’s holding period for, our common stock or warrants, as applicable.

We believe that we are not
currently and will not become a USRPHC for U.S. federal income tax purposes, and the remainder of this discussion so assumes. However,
because the determination of whether we are a USRPHC depends on the fair market value of our U.S. real property relative to the fair market
value of our other business assets, there can be no assurance that we will not become a USRPHC in the future. Even if we become a USRPHC,
however, as long as our common stock is regularly traded on an established securities market, such common stock will be treated as U.S.
real property interests only if the non-U.S. holder actually or constructively hold more than five percent of such regularly traded common
stock at any time during the shorter of the five-year period preceding the non-U.S. holder’s disposition of, or the non-U.S. holder’s
holding period for, our common stock. In addition, provided that our common stock is regularly traded on an established securities market,
a warrant will not be treated as a U.S. real property interest with respect to a non-U.S. holder if such holder did not own, actually
or constructively, warrants whose total fair market value on the date they were acquired (and on the date or dates any additional warrants
were acquired) exceeded the fair market value on that date (and on the date or dates any additional warrants were acquired) of 5% of all
our common stock.

If the non-U.S. holder is
described in the first bullet above, it will be required to pay tax on the net gain derived from the sale, exchange or other taxable disposition
under regular graduated U.S. federal income tax rates, and a corporate non-U.S. holder described in the first bullet above also may be
subject to the branch profits tax at a rate of 30%, or such lower rate as may be specified by an applicable income tax treaty. An individual
non-U.S. holder described in the second bullet above will be required to pay a flat 30% tax (or such lower rate specified by an applicable
income tax treaty) on the gain derived from the sale, exchange or other taxable disposition, which gain may be offset by U.S. source capital
losses for the year (provided the non-U.S. holder has timely filed U.S. federal income tax returns with respect to such losses). Non-U.S.
holders should consult their own tax advisors regarding any applicable income tax or other treaties that may provide for different rules.

Federal Estate Tax

Common stock or warrants beneficially
owned by an individual who is not a citizen or resident of the United States (as defined for U.S. federal estate tax purposes) at the
time of their death will generally be includable in the decedent’s gross estate for U.S. federal estate tax purposes. Such shares,
therefore, may be subject to U.S. federal estate tax, unless an applicable estate tax treaty provides otherwise.

Backup Withholding and Information Reporting

Generally, we must report
annually to the IRS the amount of dividends paid to you, your name and address and the amount of tax withheld, if any. A similar report
will be sent to you. Pursuant to applicable income tax treaties or other agreements, the IRS may make these reports available to tax authorities
in your country of residence.

Payments of dividends on or
of proceeds from the disposition of our securities made to you may be subject to information reporting and backup withholding at a current
rate of 28% unless you establish an exemption, for example, by properly certifying your non-U.S. status on an IRS Form W-8BEN or IRS Form
W-8BEN-E or other applicable IRS Form W-8. Notwithstanding the foregoing, backup withholding and information reporting may apply if either
we or our paying agent has actual knowledge, or reason to know, that you are a U.S. person.

Backup withholding is not
an additional tax; rather, the U.S. federal income tax liability of persons subject to backup withholding will be reduced by the amount
of tax withheld. If withholding results in an overpayment of taxes, a refund or credit may generally be obtained from the IRS, provided
that the required information is furnished to the IRS in a timely manner.

Foreign Account Tax Compliance

The Foreign Account Tax
Compliance Act (“FATCA”) generally imposes withholding tax at a rate of 30% on dividends on our securities paid to a
“foreign financial institution” (as specially defined under these rules), unless such institution enters into an
agreement with the U.S. government to, among other things, withhold on certain payments and to collect and provide to the U.S. tax
authorities substantial information regarding the U.S. account holders of such institution (which includes certain equity and debt
holders of such institution, as well as certain account holders that are foreign entities with U.S. owners) or otherwise establishes
an exemption. FATCA also generally imposes a U.S. federal withholding tax of 30% on dividends on our securities paid to a “non-financial foreign entity” (as specially defined for purposes of these
rules) unless such entity provides the withholding agent with a certification identifying certain substantial direct and indirect
U.S. owners of the entity, certifies that there are none or otherwise establishes an exemption. Under certain circumstances, a non-U.S.
holder might be eligible for refunds or credits of such taxes. An intergovernmental agreement between the United States and an
applicable foreign country may modify the requirements described in this paragraph. Non-U.S. holders should consult their own tax
advisors regarding the possible implications of this legislation on their investment in our securities.

Each prospective investor
should consult its own tax advisor regarding the particular U.S. federal, state and local and non-U.S. tax consequences of purchasing,
owning and disposing of our securities, including the consequences of any proposed changes in applicable laws.

UNDERWRITING

Maxim Group LLC is acting
as the representative of the underwriters of the offering (the “Representative”). We intend to enter into an underwriting
agreement dated , 2025 with the Representative. We plan to list our common stock and warrants for trading on Nasdaq under the symbols
“DUKR” and “DUKRW” respectively, in connection with this offering, and if necessary, to effect a reverse stock
split of our common stock in order for our common stock to be approved for listing on Nasdaq, although there is no assurance that such
reverse stock split will occur based on any specific ratio, that such reverse stock split will be necessary or will occur in connection
with the uplisting to Nasdaq, or that Nasdaq will approve our initial listing application for our common stock upon such reverse stock
split. If we fail to effect such reverse stock split of our common stock if necessary to obtain such Nasdaq approval, or if we are not
able to uplist our common stock [or list the warrants] for any other reason, we will not be able to consummate the offering and will terminate
this offering. Subject to the terms and conditions of the underwriting agreement, we have agreed to sell to each underwriter named below
and each underwriter named below has severally and not jointly agreed to purchase from us, at the public offering price per Unit less
the underwriting discounts set forth on the cover page of this prospectus, the number of Units listed next to its name in the following
table:

Underwriter Number of
Units

Maxim Group LLC

Total

A copy of the underwriting
agreement will be filed as an exhibit to the registration statement of which this prospectus is part.