Unusual Machines prices USD 150M public offering to support drone parts inventory expansion
Evidence notes
- Unusual Machines priced a public offering of 8,823,529 common shares at USD 17.00 per share.
- The company expected gross proceeds of about USD 150 million before fees and expenses.
- The company said proceeds would support inventory purchases, working capital and general corporate purposes.
Company context
Unusual Machines is a public U.S. drone component and subsystem company serving the American FPV and small-UAS market. Its portfolio includes Fat Shark FPV video systems, Rotor Riot's drone retail and community channel, Rotor Lab motors and propulsion systems, and pending battery and power-system capabilities through the Upgrade Energy acquisition.