Unusual Machines Inc. ( (UMAC) ) has issued an update.
Unusual Machines, a drone manufacturer, announced a $1.96 million private placement to bolster its corporate purposes and working capital. The deal involves issuing units consisting of stock and warrants, with a notable investment from company leaders. The transaction, facilitated by Dominari Securities, highlights Unusual Machines’ strategic move in the burgeoning U.S. drone market, poised for significant growth amid evolving regulations.
Find detailed analytics on UMAC stock on TipRanks’ Stock Analysis page.
