UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01. Entry into a Material Definitive Agreement.
On April 2, 2025, DUKE Robotics Corp. (the “Company”), through its wholly owned subsidiary Duke Airborne Systems Ltd., an Israeli corporation (“Duke”), and Elbit Systems Land Ltd., an Israeli corporation (“Elbit”), executed a supplement letter (the “Supplement Letter”) to the collaboration agreement dated January 29, 2021, (the “Collaboration Agreement”) relating to its stabilized weapons drone system technology that Elbit has been marketing and deploying under the brand name “Birds of Prey”. Pursuant to the Supplement Letter, the Company and Elbit have agreed to expand their collaboration to allow the Company to market the system to military, defense, home-land security and para-military customers, in coordination with Elbit. The Company will be entitled to a commission fee, in the mid-single figure percentage range, from any proceeds resulting from its marketing activities, in addition to the royalties it is entitled to as part of the Collaboration Agreement.
The foregoing description of the Supplement Letter does not purport to be complete, and is subject to, and qualified in its entirety by reference to the Supplement Letter, which is filed as Exhibit 10.1 to this Current Report and incorporated herein by reference.
Item 8.01. Other Events.
On April 3, 2025, the Company issued a press release announcing the progress with Elbit regarding “Birds of Prey” stabilized weapons drone system. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Exhibit Description | |
| 10.1* | Supplement Letter to the Collaboration Agreement dated April 2, 2025. | |
| 99.1 | Press release dated April 3, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| * | Certain identified information in the exhibit has been excluded from the exhibit because it is both (i) not material and (ii) would likely cause competitive harm to the Company if publicly disclosed. The Company agrees to furnish supplementally a copy of any omitted schedule or exhibit to the U.S. Securities and Exchange Commission upon request. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
| DUKE ROBOTICS CORP. | |||
| Dated: April 3, 2025 | By: | /s/ Yossef Balucka | |
| Name: | Yossef Balucka | ||
| Title: | Chief Executive Officer | ||
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