ParaZero Technologies Ltd. (NASDAQ: PRZO) has priced a registered direct offering expected to generate approximately $4 million in gross proceeds. The company entered into a definitive agreement with a single institutional investor for the sale of 5,333,333 ordinary shares or pre-funded warrants at $0.75 per share. Aegis Capital Corp. is acting as the exclusive placement agent for the transaction, which is anticipated to close on or about March 24, 2026.
The aerospace defense company stated that proceeds from the offering will be used for general corporate purposes and working capital. ParaZero specializes in developing smart, autonomous solutions for both manned and unmanned aerial systems, with products designed to enhance safety, scalability, and security in aerial operations. The company's portfolio includes SafeAir, an autonomous parachute recovery system; DefendAir, a counter-UAS net-launching platform; and DropAir, a precision aerial delivery system.
This capital infusion comes as ParaZero continues to expand its technologies supporting commercial, industrial, and governmental operations worldwide. The company's systems address critical needs in aerial safety, regulatory compliance, and protection against hostile drones in various environments. Founded in 2014 by aviation professionals and drone industry veterans, ParaZero has established itself as a recognized leader in advanced drone technologies.
Investors seeking additional information about ParaZero can access the company's newsroom at https://ibn.fm/PRZO. The press release announcing the offering details is available through the company's communications platform at https://ibn.fm/gC4je. These resources provide ongoing updates about the company's developments and financial activities.
The registered direct offering represents a strategic move to strengthen ParaZero's financial position as it advances its mission to redefine aerial operations through intelligent systems. The funding will support the company's continued innovation in drone safety and defense technologies, which have applications across multiple sectors including defense, commercial delivery, and industrial inspection. As regulatory frameworks for drone operations continue to evolve globally, ParaZero's solutions aim to address both safety requirements and security concerns in increasingly crowded airspace.
