Added to YB: 2026-08-06
Pitch date: 2026-08-03
DFNS [bearish]
T3 Defense Inc.
+13.12%
current return
Author Info
Fugazi Research exposes inflated valuations built on illusion — not substance. We dissect the narratives, trace the incentives, and reveal who’s really cashing in. In a market full of noise, we show what’s real behind the fugazi. Sign up for the newsletter.
Company Info
T3 Defense Inc. acquires and operates aerospace and defense businesses in the United States and Israel.
Market Cap
$30.8M
Pitch Price
$52.84
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.00
P/E
-0.08
EV/Sales
60.92
Sector
Software
Category
special_situation
DFNS: Running Back the Same Ruthless Scheme
DFNS (short): T3 Defense, ex-NUKK shell run by Menny Shalom, pivoted fintech-to-defense. Q1'26 rev $3.6M, net loss $26.3M (-$7.22/$1 rev), $69M neg working cap, going concern doubt. Shares +630% (7x) to 139.8M pre-125:1 split. Repeated squeeze-and-dilute playbook, self-dealing, $172.5M SPAC trust padding balance sheet. Fugazi: uninvestable at any price above zero.
Read full article (12 min)