Duke Robotics has closed a $9.2 million underwritten public offering and moved its common stock and warrants to the Nasdaq Capital Market, trading under the tickers DUKR and DUKRW. The offering closed on May 18, 2026, three days after pricing 1,125,000 units at $8.20 each.
Inside the Deal
Each unit comprises one share of common stock plus a five-year warrant to purchase one additional share at an exercise price of $8.60. The proceeds will fund expansion of Duke's defense product line and accelerate commercialization of its civilian inspection platform.
Bird of Prey, AEROTRACE AI
Duke's flagship product, the Bird of Prey stabilized remote weapon system, is marketed globally by Elbit Systems Land and has been confirmed in operational use by the Israel Defense Forces, with Duke receiving royalties on each sale. The company also unveiled its AEROTRACE AI platform during Q1 2026, an analytics layer for power-line and infrastructure inspection drones, including expanded grid maintenance contracts with Israel Electric Corporation.
Why It Matters
The Nasdaq listing is a rare new robotics IPO on a U.S. exchange in a year otherwise dominated by China's STAR Market — most notably DEEP Robotics' $367M IPO filing and Exyn Technologies' Nasdaq debut. Duke joins a small group of pure-play defense drone names tapping public markets as global defense modernization budgets accelerate.
Outlook
Duke management said the additional capital will be used to scale European business development, advance the AEROTRACE platform, and pursue follow-on integrations with Elbit's combat systems portfolio.
Reporting based on coverage from GlobeNewswire, Nasdaq, StockTitan and TradingView.