Brilliant Acquisition Corporation Announces Extension of Completion Window to June 23, 2023

May 23, 2023 | Source: Brilliant Acquisition Corporation

New York, May 23, 2023 (GLOBE NEWSWIRE) -- Brilliant Acquisition Corporation (“Brilliant”) announced today that it has extended the period of time it will have to consummate its initial business combination by a further one month, or until June 23, 2023. In connection with the extension, Nukkleus, Inc. (“Nukkleus”) has deposited $32,450 in Brilliant’s trust account, representing $0.08 per public ordinary share of Brilliant currently outstanding, as additional interest on the proceeds in the trust account. The extension was previously approved by Brilliant’s shareholders on April 20, 2023. The shareholder approval also permits Brilliant to further extend Brilliant’s initial business combination deadline up to a further one month, or until July 23, 2023 upon the deposit of an additional $32,450 in the trust account for any such additional monthly extension, representing $0.08 per public ordinary share of Brilliant outstanding.

The purpose of the extension is to permit sufficient time for Brilliant to consummate its previously announced proposed business combination with Nukkleus. For a summary of the material terms of the proposed business combination, please see Brilliant’s Current Report on Form 8-K filed on February 23, 2022 and Nukkleus’s Registration Statement on Form S-4 initially filed on April 15, 2022 (as amended to date), with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the announcement of the proposed business combination.

About Brilliant Acquisition Corp.

Brilliant (Nasdaq: BRLI) is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, or other similar business combination with one or more businesses or entities.

Additional Information and Where to Find It

This press release relates to a proposed business combination transaction between Nukkleus and Brilliant pursuant to which Nukkleus will become the parent company of Brilliant upon the closing of the transactions. In connection with the proposed transaction, Nukkleus has filed with the SEC a Registration Statement on Form S-4, including a proxy statement (the “proxy statement”). The definitive proxy statement (if and when available) will be delivered to Nukkleus’s and Brilliant’s shareholders. Each of Nukkleus and Brilliant may also file other relevant documents regarding the proposed transaction with the SEC. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF NUKKLEUS AND BRILLIANT ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, INCLUDING ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.