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 November 23, 2023. In connection with the extension, Brilliant's Sponsor, Nisun Investment Holding Limited, deposited $32,300 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 approved by Brilliant's shareholders on July 20, 2023. The shareholder approval also permits Brilliant to further extend Brilliant's initial business combination deadline on a monthly basis up to a further one month, or until December 23, 2023, upon deposit of an additional $32,300 in the trust account for each month.
The purpose of the extension is to permit sufficient time for Brilliant to consummate its previously announced proposed business combination with Nukkleus, Inc. ("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 June 26, 2023 with the U.S. Securities and Exchange Commission (the "SEC") and Brilliant's Registration Statement on Form S-4 initially filed with the SEC on July 25, 2023 (as amended to date).