03:53 AM EDT, 06/13/2025 (MT Newswires) -- AIRO Group Holdings said late Thursday it priced its initial public offering of 6 million common shares at $10 per share for expected gross proceeds of $60 million.

The aerospace and defense technology company granted the underwriters a 30-day option to buy up to an additional 900,000 shares to cover possible over-allotments.

The shares are expected to start trading on the Nasdaq Global Market under the ticker symbol "AIRO" on Friday. The offering is expected to close on Monday.

The company said it plans to use net proceeds, along with its existing cash, to support growth initiatives, repay debt and for general corporate purposes.