Nukkleus Shares Are Soaring After Hours: Here's Why

Nukkleus Inc NUKK shares are trading higher in Thursday’s after-hours session after the strategic acquisition company announced it regained compliance with Nasdaq listing rules.What Happened: After the market close on Thursday, Nukkleus said it received notice on Wednesday that it successfully regained compliance with Nasdaq listing rules which require companies to maintain a minimum market value of listed securities and a minimum market value of publicly held shares.Nukkleus effected a 1-for-8 reverse stock split on Oct. 24 to regain compliance with the $1 minimum bid price requirement for continued listing on the Nasdaq. Every eight shares of the company’s common stock were combined and reclassified into one share of common stock, reducing the number of issued and outstanding sharesfrom 16.9 million to approximately 2.1 million.Nukkleus on Thursday announced that the Nasdaq canceled the hearing scheduled for Jan. 21, confirming that the company’s shares will continue to trade on the Nasdaq.“The management of the company believes this milestone underscores its effective resolution of all compliance matters with Nasdaq, allowing the company to continue its pursuit of sustainable growth and deliver lasting value to its stakeholders,” the Nukkleus said.See Also: EXCLUSIVE: How High Will S&P 500 Go Under Donald Trump In 2025? Readers Are Optimistic, 26% Say This…By now you're likely curious about how to participate in the market for Nukkleus — be it to purchase shares, or even attempt to bet against the company.Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share. If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading — either way it allows you to profit off of the share price decline.NUKK Price Action: Nukkleus shares were up 28.59% in after-hours, trading at $26.40 at the time of publication Thursday, according to Benzinga Pro.Photo: Shutterstock.