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Unusual Machines Inc. ( (UMAC) ) has provided an update.
Unusual Machines, Inc., a drone and components manufacturer, successfully closed a $1.95 million private placement with institutional investors. The proceeds will be used for general corporate purposes and working capital. Each unit in the offering includes one share of common stock and a warrant exercisable for additional shares, highlighting potential stock growth. Key executives also participated, indicating strong internal confidence. Dominari Securities LLC acted as the placement agent, ensuring compliance with securities regulations.
See more insights into UMAC stock on TipRanks’ Stock Analysis page.
