Drone Firm Unusual Machines Drops After Launching Stock Offering

ReutersMar 20, 2026 12:59 AM

Drone components manufacturer Unusual Machines UMAC.A shares down 5.4% in extended trading to $17.61 as it seeks equity raise

Orlando, Florida-headquartered firm commences stock offering

It intends to use net offering proceeds to expand its U.S. drone parts inventory and for working capital and general corporate purposes

Dominari Securities and JonesTrading are co-placement agent for "best-efforts" offering

Co has ~39 mln shares outstanding for ~$725 mln market cap, per the prospectus

UMAC shares on Thurs ended down 7.5% at $18.60, trimming YTD gain to 46%

Last week, UMAC was among investors in a private placement in connection with plans to take drone tech firm Powerus public after reverse merger with Trump-sons-backed Aureus Greenway AGH.O

All 4 analysts covering UMAC rate the stock "buy"; median PT $23

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