Unusual Machines Prices $150 Million Public Stock Offering-March 2024-www.financetom.com

Unusual Machines Prices $150 Million Public Stock Offering

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Unusual Machines Prices $150 Million Public Stock Offering

Mar 20, 2026 6:29 AM

09:10 AM EDT, 03/20/2026 (MT Newswires) -- Unusual Machines ( UMAC ) said Friday it priced a public offering of 8.8 million shares at $17 each to raise about $150 million in gross proceeds.

Participation in the offering includes a strategic investment from Ondas ( ONDS ) alongside institutional investors.

Unusual Machines ( UMAC ) said it plans to use the proceeds to build inventory, for working capital and for general corporate purposes.

The offering is expected to close Monday, the company said.

Shares of Unusual Machines ( UMAC ) were 9.6% lower in premarket trading.

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