ORLANDO, FL / ACCESS Newswire / July 15, 2025 / (NYSE American:UMAC) -- Unusual Machines, Inc. (the "Company" or "Unusual Machines"), a United States based manufacturer and distributor of drone parts, today announced the closing of its previously announced registered direct offering of 5,000,000 shares of its common stock at a purchase price of $9.70 per share (the "Offering") resulting in gross proceeds of $48.5 million, before deducting placement agent fees and other offering expenses.
Unusual Machines (NYSE American: UMAC), a drone technology and component manufacturing company, has entered into a securities purchase agreement with investors for a registered direct offering of 5 million shares of common stock (or pre-funded warrants) at $9.70 per share. The Offering, expected to close on or about July 15, 2025, will generate approximately $48.5 million in gross proceeds before fees and expenses. Dominari Securities LLC is acting as exclusive placement agent. Proceeds will support U.S.-based manufacturing growth, working capital, and general corporate purposes.
PALM BEACH, Fla., July 16, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Two recent actions by the White House and the Department of Defense have been issued to cut the “Red Tape” and Unleash American Drone Dominance. An article in TheHill.com said that: “Secretary of Defense Pete Hegseth issued a new directive to fast-track U.S. drone production and “cut red tape,” he announced in a video posted to social media. A new Pentagon memo outlined the U.S. military’s need to keep pace as global military drone production has skyrocketed lately, and the war between Russia and Ukraine has revealed the increasing importance of using more drones for modern warfare. Hegseth made the announcement of the major overhaul in U.S. military drone policy in a social media video where he can be seen flanked by operating drones. Hegseth said the Pentagon is cutting “red tape” and speeding up production. He also said he wants service members from all branches of the military to be trained in drone operations. “We were brought here to rebuild the military and match capabilities to the threats of today,” said Hegseth. “So while our adversaries have produced millions of cheap drones before us, we were mired in bureaucratic red tape, not anymore.” Also an Executive Order from the White House on June 6, 2025 addressed the issue to Unleash American Drone Dominance. It said, in part: “The Department of Defense must be able to procure, integrate, and train using low-cost, high-performing drones manufactured in the United States.” Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AeroVironment, Inc. (NASDAQ: AVAV), Unusual Machines, Inc. (NYSE American: UMAC).
ORLANDO, FL / ACCESS Newswire / July 14, 2025 / Unusual Machines, Inc. (NYSE American:UMAC) (the "Company" or "Unusual Machines"), a leader in drone technology and component manufacturing, today announced it has entered into a securities purchase agreement with certain investors for the purchase and sale of 5,000,000 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering (the "Offering") at a public offering price of $9.70 per share.
Drone stocks are taking off after hours Thursday after Defense Secretary Pete Hegseth issued new orders to fast-track drone manufacturing and deployment.
After the conclusion of the US market's regular session on Thursday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.
ORLANDO, FL / ACCESS Newswire / July 7, 2025 / Unusual Machines, Inc. (NYSE American:UMAC), a leader in drone technology and component manufacturing, has promoted Stacy Wright to Executive Vice President of Revenue. In this expanded role, she will lead revenue strategy and performance across all business units as the company accelerates growth, expands U.S. manufacturing, and increases domestic hiring.
Peraso Inc. (NASDAQ: PRSO) is rapidly emerging as a dominant force in next-generation wireless communications, driven by its advanced mmWave connectivity solutions . Designed for drones and autonomous systems that demand real-time, low-latency data transfer , Peraso’s technology is increasingly viewed as foundational to high-performance operations across the defense, aerospace, and mobility sectors .
