Unusual Machines Inc. Enhances Governance and Restructures Finances

Unusual Machines Inc. ( (UMAC) ) has shared an update.

Unusual Machines, Inc. has made strategic financial moves involving accredited investors who exchanged 8% Promissory Notes for a package of convertible securities. This transaction limits the issuance of common stock to 19.9% of the existing shares without stockholder approval. Alongside this, the Company’s Board has amended its Equity Incentive Plan to comply with recovery provisions of erroneously awarded compensation and updated the bylaws to reflect changes in quorum requirements and stockholder proposal submissions, enhancing corporate governance in line with Nevada statutes.

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