Unusual Machines, Inc. (NYSE American: UMAC) has entered into a securities purchase agreement for a registered direct offering, issuing 5 million shares of common stock at $9.70 per share to raise approximately $48.5 million before fees and expenses. This financial strategy, set to conclude around July 15, 2025, with Dominari Securities LLC as the exclusive placement agent, aims to expand the company's U.S.-based manufacturing operations, augment working capital, and fulfill general corporate objectives.
The drone technology and component manufacturing leader is strategically positioning itself in an industry poised for significant growth. The global drone accessories market, valued at $17.5 billion, is projected to exceed $115 billion by 2032, according to Fact.MR. Unusual Machines' portfolio includes Fat Shark, known for its first-person view (FPV) ultra-low latency video goggles, and Rotor Riot, an ecommerce platform specializing in FPV drones and equipment. This funding initiative highlights the company's focus on leveraging the evolving regulatory landscape and increasing demand for drone technology in the U.S. market.
