Unusual Machines Announces Pricing of Initial Public Offering
Unusual Machines, Inc. (UMAC)
Company Research
Source: GlobeNewswire
SAN JUAN, Puerto Rico, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Unusual Machines, Inc. (“Unusual Machines” or the “Company”), an emerging leader in first-person view (FPV) drone technology, announced today the pricing of its initial public offering (the “Offering”) of 1,250,000 shares of common stock at a public offering price of $4.00 per share. The shares are expected to begin trading on the NYSE American on February 14, 2024, under the ticker symbol “UMAC”. The Company expects to receive aggregate gross proceeds of $5.0 million from the Offering, before deducting underwriting discounts and other related expenses. The Company has granted the underwriters a 45-day option to purchase up to an additional 187,500 common shares at the public offering price (the “Over-allotment Option”), less underwriting discounts. The Offering is expected to close on or about February 16, 2024, subject to the satisfaction of customary closing conditions. Proceeds from the Offering will be used to p
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UMAC
News
- Unusual Machines Formalizes CEO's Contract for Two Years Along with Other Corporate Updates [Yahoo! Finance]Yahoo! Finance
- Unusual Machines Formalizes CEO’s Contract for Two Years Along with Other Corporate UpdatesGlobeNewswire
- Unusual Machines Appoints FPV Drone Expert Andrew Camden as Chief Operating Officer [Yahoo! Finance]Yahoo! Finance
- Unusual Machines Appoints FPV Drone Expert Andrew Camden as Chief Operating OfficerGlobeNewswire
- Unusual Machines Completes Acquisitions of Fat Shark and Rotor RiotGlobeNewswire
UMAC
Sec Filings
- 5/7/24 - Form 8-K
- 5/6/24 - Form 424B3
- 5/6/24 - Form 8-K
- UMAC's page on the SEC website