Unusual Machines, Inc. (NYSE American: UMAC), a leader in drone technology and component manufacturing, has successfully entered into a securities purchase agreement for a registered direct offering. The company will issue 5 million shares of common stock at $9.70 per share, aiming to raise approximately $48.5 million before fees and expenses. This strategic move is set to close around July 15, 2025, with Dominari Securities LLC acting as the exclusive placement agent.
The proceeds from this offering are earmarked for expanding U.S.-based manufacturing operations, augmenting working capital, and fulfilling general corporate purposes. This initiative underscores Unusual Machines' commitment to strengthening its position in the rapidly evolving drone industry. The company's portfolio includes Fat Shark, a leading brand in first-person view (FPV) video goggles for drone pilots, and Rotor Riot, an ecommerce platform specializing in FPV drones and equipment.
The global drone accessories market, currently valued at $17.5 billion, is projected to exceed $115 billion by 2032, according to Fact.MR. Unusual Machines aims to capitalize on this growth by becoming a Tier-1 parts supplier in the U.S. drone industry. This funding round is a critical step towards achieving that goal, enabling the company to meet the increasing demand for drone technology and components in a changing regulatory landscape.
For further details on the offering, interested parties can visit https://ibn.fm/jsOH4.
