05:27 PM EDT, 09/08/2025 (MT Newswires) -- Airo Group ( AIRO ) said late Monday it launched a public offering of 3.5 million shares of common stock.

The company said underwriters will have a 30-day option to purchase up to an additional 525,000 shares.

Net proceeds are expected to fund growth initiatives, repurchase 815,000 shares from certain stockholders, and cover general corporate purposes. If the underwriters exercise their option, Airo ( AIRO ) said it will use part of the additional proceeds to repurchase up to 301,312 more shares.

Shares of Airo Group ( AIRO ) were down more than 11% in after-hours trading.