Business
Unusual Machines, Inc. Announces Pricing of $40.0 Million Confidentially Marketed Public Offering of Common Stock
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 ...
About this update from Unusual Machines, Inc.
[{"type":"text","content":"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 $5.00 per share.","length":402,"tagName":"p"},{"type":"text","content":"The Company expects to receive aggregate gross proceeds of $40.0 million from the Offering, before deducting placement agent fees and other related expenses. The Offering is expected to close on or about May 6, 2025, subject to the satisfaction of customary closing conditions.","length":277,"tagName":"p"},{"type":"text","content":"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.","length":202,"tagName":"p"},{"type":"text","content":"Dominari Securities LLC is acting as the exclusive placement agent for the Offering.","length":84,"tagName":"p"},{"type":"text","content":"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.","length":282,"tagName":"p"},{"type":"text","content":"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 [email protected], 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.","length":792,"tagName":"p"},{"type":"text","conten...