Unusual Machines Announces Pricing Of $1.96M Private Placement For An Aggregate Of 1,286,300 Units At A Per Unit Price Of $1.52 Per Unit
Portfolio Pulse from Benzinga Newsdesk
Unusual Machines, Inc. (NYSE:UMAC) announced a $1.96 million private placement, issuing 1,286,300 units at $1.52 each. Each unit includes one share of common stock and one warrant, exercisable at $1.99 per share. The funds will be used for corporate purposes and working capital.
October 29, 2024 | 5:18 pm
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Unusual Machines announced a $1.96 million private placement, issuing 1,286,300 units at $1.52 each. The funds will be used for general corporate purposes and working capital.
The private placement provides Unusual Machines with additional capital for corporate purposes and working capital, which could support growth and operational stability. The issuance of new shares and warrants may lead to some dilution, but the capital infusion is likely to be viewed positively by investors.
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