# T3 Defense Inc. (DFNSW) — divestiture/joint_venture [completed]
Source: SEC API (secapi.ai) · situation sit_8631f92cc73cb0b8c5da · retrieved 2026-08-11T16:11:26.545Z

## Overview
T3 Defense Inc. is a defense technology company that acquires and operates Israeli defense contractors; it recently acquired a 60% stake in Project 35, a supplier of unmanned aerial platforms and counter-UAV systems to Israeli defense organizations.

On July 6, 2026, T3 Defense Inc. acquired 60% of the outstanding equity capital of Project 35 Ltd., an Israeli corporation, on a fully diluted basis. In consideration, T3 Defense issued 21,059,871 shares of common stock (not to exceed 19.9% of T3 Defense's voting shares) and a $1,250,000 promissory note bearing interest at 12% per annum, maturing July 5, 2027. Additionally, T3 Defense committed to invest $2,500,000 directly into Project 35's treasury during the 12 months following closing for development and launch of FPV loitering munitions and interceptor projects.

## Terms
- Counterparty: Project 35 Ltd. (seller: X S.A. Security and Defense Ltd.) · Deal value: $1.3M · Consideration: mixed · Stake: 60%

## Key dates
- Expiry 2027-07-05 · Expected close 2026-07-06 · Completed 2026-07-09

## Timeline
- 2026-07-09 · 8-K (0001213900-26-076711): 8-K - T3 Defense Inc. — *T3 Defense Inc. is a defense technology company that acquires and operates Israeli defense contractors; it recently acquired a 60% stake in Project 35, a supplier of unmanned aerial platforms and counter-UAV systems to Israeli defense organizations.* On July 6, 2026, T3 Defense Inc. acquired 60% of the outstanding equity capital of Project 35 Ltd., an Israeli corporation, on a fully diluted basis. In consideration, T3 Defense issued 21,059,871 shares of common stock (not to exceed 19.9% of T3 Defense's voting shares) and a $1,250,000 promissory note bearing interest at 12% per annum, maturing July 5, 2027. Additionally, T3 Defense committed to invest $2,500,000 directly into Project 35's treasury during the 12 months following closing for development and launch of FPV loitering munitions and interceptor projects.
  https://www.sec.gov/Archives/edgar/data/1787518/0001213900-26-076711.txt

## Citations
- 0001213900-26-076711 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026076711