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T3 Defense (DFNS) investor relations material
T3 Defense Registration Filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and business model
Transitioned from financial technology to a strategic acquirer/operator in aerospace and defense, focusing on Tier 2/3 suppliers and dual-use technologies in the U.S., Israel, and Europe.
Acquired Star 26 Capital, Tiltan Software Engineering, and Nimbus Drones, expanding into defense tech, AI, and unmanned systems.
Star 26’s subsidiary Rimon is a key Israeli supplier for Iron Dome launchers and other defense products; also holds interests in Water.IO (smart hydration) and ITS (industrial automation).
U.S. operations focus on exclusive distribution of advanced drone payloads for defense and homeland security; Israeli operations provide MRO, modernization, and leasing for civil/defense aviation.
Financial performance and metrics
For the nine months ended September 30, 2025, pro forma combined revenue was $2.7M, with a gross profit of $356K; for the year ended December 31, 2024, revenue was $5.0M, gross profit $1.2M.
Net income for the nine months ended September 30, 2025, was $89.6M, primarily due to non-cash gains from warrant revaluation; underlying operations remain unprofitable.
As of September 30, 2025, cash was $7.6M, with a working capital deficit of $30.5M and accumulated deficit of $111.5M.
Rimon’s 2024 revenue grew 31.5% to $5.0M, but net loss was $555K due to increased G&A and professional fees.
Use of proceeds and capital allocation
No proceeds from the resale of shares by selling stockholders; company will receive up to $18M if warrants are exercised for cash.
Any proceeds from warrant exercises will be used for working capital, general corporate purposes, and potential acquisitions.
Recent capital raises include a $10M private placement and a $250M equity line of credit facility.
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