Unusual Machines, Inc.

Unusual Machines, Inc. (UMAC) priced its initial public offering on Feb 15, 2024 at $4.00 per share, within its $4.00–$6.00 range, raising $5M, and listed on NYSE American. At the IPO price its market capitalization was about $34.9M. Dominari was lead-left underwriter, joined by R.F. Lafferty and Revere. Nason, Yeager, Gerson, Harris & Fumero and Reichard & Escalera advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Unusual Machines, Inc. is a development-stage technology company that intended to acquire Fat Shark and Rotor Riot from Red Cat. They design and sell first-person-view drone technology, including video goggles, and operate an e-commerce marketplace for drones and related products.

Status

IPO

Ticker

UMAC

Exchange

NYSE American

Priced

Feb 15, 2024

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$5M

Market cap at IPO price

$34.9M

First filed

Mar 14, 2023

Underwriters

Dominari, R.F. Lafferty and Revere

Company counsel

Nason, Yeager, Gerson, Harris & Fumero and Reichard & Escalera

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Technology

Country / state

FL

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.