Unusual Machines Inc. ( (UMAC) ) has issued an update.
Unusual Machines, a drone manufacturer, announced a $1.96 million private placement to bolster its corporate purposes and working capital. The deal involves issuing units consisting of stock and warrants, with a notable investment from company leaders. The transaction, facilitated by Dominari Securities, highlights Unusual Machines’ strategic move in the burgeoning U.S. drone market, poised for significant growth amid evolving regulations.
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