Unusual Machines, Inc. Announces Pricing of $40.0 Million Confidentially Marketed Public Offering of Common Stock
Unusual Machines (NYSE American: UMAC), a US-based drone parts manufacturer, has announced the pricing of its confidentially marketed public offering of 8,000,000 shares of common stock at $5.00 per share, aiming to raise $40.0 million in gross proceeds. The offering is expected to close around May 6, 2025.
The company plans to use the net proceeds to accelerate the completion of its Orlando, Florida drone motor facility and for general corporate purposes, including working capital. Dominari Securities LLC is serving as the exclusive placement agent for the offering, which is being made through an effective shelf registration statement on Form S-3.
Unusual Machines (NYSE American: UMAC), un produttore statunitense di componenti per droni, ha annunciato il prezzo della sua offerta pubblica riservata di 8.000.000 di azioni ordinarie a 5,00 $ per azione, con l'obiettivo di raccogliere 40,0 milioni di dollari di proventi lordi. La chiusura dell'offerta è prevista intorno al 6 maggio 2025.
L'azienda prevede di utilizzare i proventi netti per accelerare il completamento del suo stabilimento per motori di droni a Orlando, Florida, e per scopi aziendali generali, inclusi il capitale circolante. Dominari Securities LLC agisce come agente di collocamento esclusivo per l'offerta, che viene effettuata tramite una dichiarazione di registrazione a scaffale efficace sul modulo S-3.
Unusual Machines (NYSE American: UMAC), un fabricante estadounidense de piezas para drones, ha anunciado el precio de su oferta pública confidencialmente comercializada de 8.000.000 acciones ordinarias a 5,00 $ por acción, con el objetivo de recaudar 40,0 millones de dólares en ingresos brutos. Se espera que la oferta cierre alrededor del 6 de mayo de 2025.
La compañía planea usar los ingresos netos para acelerar la finalización de su planta de motores para drones en Orlando, Florida, y para propósitos corporativos generales, incluyendo capital de trabajo. Dominari Securities LLC actúa como agente de colocación exclusivo para la oferta, que se realiza a través de una declaración de registro en estantería efectiva en el Formulario S-3.
Unusual Machines (NYSE American: UMAC)은 미국에 기반을 둔 드론 부품 제조업체로, 8,000,000주의 보통주를 주당 5.00달러에 비공개로 공모하는 가격을 발표했으며, 총 4,000만 달러의 총 수익을 목표로 하고 있습니다. 이 공모는 2025년 5월 6일경에 마감될 예정입니다.
회사는 순수익을 플로리다 올랜도에 위치한 드론 모터 시설의 완공을 가속화하고, 운전자본을 포함한 일반 기업 목적에 사용할 계획입니다. Dominari Securities LLC가 이 공모의 독점 배치 에이전트로 활동하며, 해당 공모는 Form S-3의 유효한 선반 등록 신고서를 통해 진행됩니다.
Unusual Machines (NYSE American : UMAC), un fabricant américain de pièces pour drones, a annoncé le prix de son offre publique confidentielle de 8 000 000 d’actions ordinaires à 5,00 $ par action, visant à lever 40,0 millions de dollars de produit brut. La clôture de l’offre est prévue aux alentours du 6 mai 2025.
La société prévoit d’utiliser le produit net pour accélérer l’achèvement de son usine de moteurs de drones à Orlando, en Floride, ainsi que pour des besoins généraux d’entreprise, y compris le fonds de roulement. Dominari Securities LLC agit en tant qu’agent de placement exclusif pour cette offre, qui est réalisée via une déclaration d’enregistrement en étagère efficace sur le formulaire S-3.
Unusual Machines (NYSE American: UMAC), ein in den USA ansässiger Hersteller von Drohnenteilen, hat den Preis für sein vertraulich vermarktetes öffentliches Angebot von 8.000.000 Stammaktien zu 5,00 $ pro Aktie bekannt gegeben, mit dem Ziel, 40,0 Millionen US-Dollar Bruttoerlös zu erzielen. Der Abschluss des Angebots wird voraussichtlich um den 6. Mai 2025 erfolgen.
Das Unternehmen plant, die Nettoerlöse zu verwenden, um den Abschluss seiner Drohnenmotoren-Fabrik in Orlando, Florida, zu beschleunigen und für allgemeine Unternehmenszwecke, einschließlich Betriebskapital. Dominari Securities LLC fungiert als exklusiver Platzierungsagent für das Angebot, das über eine wirksame Shelf-Registrierungserklärung auf Formular S-3 erfolgt.
- Raising $40 million in gross proceeds to fund growth initiatives
- Proceeds will accelerate completion of new drone motor facility
- Successfully priced offering at $5.00 per share
- 8 million new shares will cause significant shareholder dilution
- Offering price may represent a discount to market price
Insights
Unusual Machines raises $40M through stock offering to fund drone motor facility expansion, diluting shares but strengthening capital position.
Unusual Machines has priced a
The primary stated use of proceeds is to accelerate completion of the company's drone motor facility in Orlando, Florida. The remainder will fund working capital and general corporate purposes. This allocation suggests a strategic focus on expanding manufacturing capabilities, which could potentially enhance the company's production capacity for drone components.
While the capital infusion strengthens the company's balance sheet, the issuance of 8 million new shares will cause dilution for existing shareholders. The offering represents newly issued equity rather than selling shareholders exiting positions, which aligns with the growth-oriented use of proceeds.
The company has completed the regulatory groundwork efficiently, with their shelf registration statement filed on April 7, declared effective April 21, and the offering priced by May 5. This 28-day timeline from initial filing to pricing demonstrates relatively quick execution in the capital markets process.
Funding accelerates drone motor facility completion, indicating strategic prioritization of manufacturing capacity in growing drone components market.
Unusual Machines' decision to allocate a significant portion of the
Drone motors represent critical components in the drone supply chain, as they directly impact performance metrics such as flight time, payload capacity, and overall reliability. By establishing dedicated manufacturing facilities for these components, the company is vertically integrating a crucial element of drone production.
The acceleration of the facility completion suggests potential time-to-market considerations. Securing manufacturing capacity sooner could enable the company to more quickly respond to market demand for drone components. The investment in physical infrastructure also represents a tangible asset that could provide longer-term production advantages.
The company's decision to raise capital specifically for manufacturing capacity rather than solely research and development or marketing indicates a focus on scaling production capabilities in the drone components space.
ORLANDO, FLORIDA / ACCESS Newswire / May 5, 2025 / Unusual Machines, Inc. ("Unusual Machines" or the "Company") (NYSE American:UMAC), a United States based manufacturer and distributor of drone parts announced today the pricing of its confidentially market public offering (the "Offering") of 8,000,000 shares of common stock at a public offering price of
The Company expects to receive aggregate gross proceeds of
The Company intends to use net proceeds from the Offering to accelerate the completion of its Orlando, Florida drone motor facility and well as for general corporate purposes, including working capital.
Dominari Securities LLC is acting as the exclusive placement agent for the Offering.
This Offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-286413), previously filed with the U.S. Securities and Exchange Commission (the "SEC") on April 7, 2025 and subsequently declared effective by the SEC on April 21, 2025.
A preliminary prospectus supplement and accompanying shelf prospectus relating to the Offering and describing the terms of thereof has been filed with the SEC on May 5, 2025 and forms a part of the effective registration statement, and is available on the SEC's website located at http://www.sec.gov. Electronic copies of the preliminary prospectus supplement and the accompanying base prospectus may be obtained, by contacting Dominari Securities LLC, Attention: Syndicate Department, 725 5th Ave., 23 Floor, New York, NY 10022, by email at info@dominarisecurities.com, or by telephone at (212) 393-4500. The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the SEC, which will be available for free on the SEC's website at www.sec.gov.
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
Forward-Looking Statements
This press release contains forward-looking statements which involve substantial risks and uncertainties relating to closing the Offering and use of proceeds. Forward-looking statements are often identifiable by the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "objective," "ongoing," "plan," "predict," "project," "potential," "should," "will," or "would," or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for making each forward-looking statement contained in this press release, the Company cautions that these statements are based on a combination of facts and factors currently known by the Company and its expectations of the future, about which the Company cannot be certain. Forward-looking statements are subject to considerable risks and uncertainties, as well as other factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks and uncertainties include, without limitation, risks and uncertainties related to whether or not the Company will be able to raise the proceeds from the Offering; market conditions; satisfaction of customary closing conditions related to the Offering; and other risks and uncertainties, including those described within the section entitled "Risk Factors" in the Company's 2024 Annual Report on Form 10-K, changes in its business which affect the planned use of proceeds and the Risk Factors contained in the Prospectus Supplement. There can be no assurance that the Company will be able to complete the Offering on the anticipated terms, or at all. The Company undertakes no obligation to update the information contained in this press release to reflect subsequently occurring events or circumstances, except as required by law.
Investor Relations Contact:
CS Investor Relations
917-633-8980
investors@unusualmachines.com
SOURCE: Unusual Machines, Inc.
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