03:57 AM EDT, 09/11/2025 (MT Newswires) -- Airo Group ( AIRO ) said late Wednesday it priced an upsized underwritten public offering of 4.2 million shares at $18.50 apiece for expected gross proceeds of about $77.7 million.

The company has granted underwriters a 30-day option to purchase up to an additional 630,000 shares to cover any over-allotments. The offering is expected to close on Friday.

Airo ( AIRO ) plans to use the proceeds mainly to fund its growth initiatives and pursue potential acquisitions of complementary businesses. It also aims to use the proceeds to repurchase shares and for general corporate purposes.