Unusual Machines, Inc. Announces Closing of $48.5 Million Registered Direct Offering of Common Stock
Rhea-AI Summary
Unusual Machines (NYSE American:UMAC) has successfully closed its registered direct offering of 5,000,000 shares of common stock at $9.70 per share, raising gross proceeds of $48.5 million. The offering was conducted through Dominari Securities LLC as the exclusive placement agent.
The company, which manufactures and distributes drone parts in the United States, plans to utilize the net proceeds to acquire drone motor manufacturing equipment and for working capital purposes. The offering was made under an effective shelf registration statement that was declared effective by the SEC on April 21, 2025.
Positive
- Raised $48.5 million in gross proceeds through stock offering
- Funds allocated for expansion of manufacturing capabilities through drone motor equipment purchase
- Successfully completed offering at $9.70 per share
Negative
- Potential dilution for existing shareholders due to issuance of 5 million new shares
News Market Reaction
On the day this news was published, UMAC gained 9.53%, reflecting a notable positive market reaction. Argus tracked a peak move of +15.1% during that session. Argus tracked a trough of -2.8% from its starting point during tracking. Our momentum scanner triggered 31 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $27M to the company's valuation, bringing the market cap to $313M at that time.
Data tracked by StockTitan Argus on the day of publication.
ORLANDO, FL / ACCESS Newswire / July 15, 2025 / (NYSE American:UMAC) -- Unusual Machines, Inc. (the "Company" or "Unusual Machines"), a United States based manufacturer and distributor of drone parts, today announced the closing of its previously announced registered direct offering of 5,000,000 shares of its common stock at a purchase price of
The Company intends to use the net proceeds of this Offering to purchase drone motor manufacturing equipment, and for working capital and general corporate purposes.
Dominari Securities LLC served as the exclusive placement agent for the Offering.
The Offering was made pursuant to an effective shelf registration statement on Form S-3 (File No. 333 286413), which was filed with the Securities and Exchange Commission (the "SEC") on April 7, 2025 and declared effective on April 21, 2025. The prospectus supplement and the accompanying prospectus describing the terms of the Offering may be obtained by visiting the SEC's website at www.sec.gov. Additionally, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Dominari Securities LLC Attention: Syndicate Department, 725 5th Avenue, 23rd Floor, New York, NY 10022, by email at info@dominarisecurities.com, or by telephone at (212)393-4500.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Unusual Machines, Inc.
The Company manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in first-person view ("FPV") ultra-low latency video goggles for drone pilots. Several of the Company' products have been approved for and listed on the Defense Innovation Unit's Blue Framework list. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot ecommerce store. With a changing regulatory environment, The Company seeks to be a dominant component supplier to the fast-growing multi-billion-dollar US drone industry and the global defense business. According to Fact.MR, the global drone accessories market is currently valued at
For more information visit Unusual Machines at https://www.unusualmachines.com/. Information on the Company's website does not constitute a part of and is not incorporated by reference into this press release.
Investor Relations Contact:
CS Investor Relations
investors@unusualmachines.com
SOURCE: Unusual Machines
View the original press release on ACCESS Newswire
FAQ
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Who was the placement agent for Unusual Machines' $48.5M stock offering?
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