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UMAC

Unusual Machines, Inc.

https://www.unusualmachines.com

Industry

Shell Companies

Unusual Machines, Inc. designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It also operates a drone-focused e-commerce marketplace. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc. in July 2022. Unusual Machines, Inc. was incorporated in 2019 and is based in San Juan, Puerto Rico.

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Unusual Machines, Inc. (NYSE:UMAC) has entered into exchange agreements to convert $1M of its debt into Series C preferred shares, reducing its total debt from $4M to $3M. The new convertible notes have a lower interest rate and optional conversion features.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:15 pm

Unusual Machines shares are trading lower after the company reported a year-over-year decrease in Q2 EPS results.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 12:39 pm

Unusual Machines (AMEX:UMAC) reported a Q2 EPS of $(0.16), a 23.08% decrease from $(0.13) YoY, with $1.41M in sales.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:14 pm

Red Cat Holdings has sold all its securities in Unusual Machines to third-party investors. Additionally, Red Cat has entered into an exchange agreement for Series A Convertible Preferred Stock and $4M promissory notes with extended maturity. Investors may require repayment or conversion based on financing and default events.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:52 pm

Shares of Unusual Machines (UMAC) have been halted pending news. Investors are awaiting further information to understand the reason behind the halt and its potential impact on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 4:00 pm

Unusual Machines has announced the launch of the Rotor Riot Brave F7 Flight Controller, a new product aimed at enhancing drone performance.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 12:11 pm

Unusual Machines has announced a partnership with Red Cat to provide the first drone and components for the FANG line of FPV systems. This partnership emphasizes their commitment to onshoring production and FPV technology expertise.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:07 pm

The article highlights the pre-market movements of several information technology stocks on Monday. Notable gainers include Schmid Group (SHMD), Quantum (QMCO), EMCORE (EMKR), Ostin Technology Group (OST), Unusual Machines (UMAC), and GCT Semiconductor Holdings (GCTS). On the losing side, Hitek Global (HKIT), HeartCore Enterprises (HTCR), Spectaire Holdings (SPEC), Next Technology Holding (NXTT), QXO (QXO), and Mobilicom (MOB) saw declines.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 12:07 pm

ThinkEquity has initiated coverage on Unusual Machines (AMEX:UMAC) with a Buy rating and a price target of $4, as announced by analyst Ashok Kumar.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 10:44 am

The article highlights the intraday movements of various information technology stocks on Wednesday. Notable gainers include CCSC Technology (CCTG), Mawson Infra Gr (MIGI), GCT Semiconductor Hldgs (GCTS), Spectaire Holdings (SPEC), MMTEC (MTC), and Nvni Group (NVNI). On the losing side, U-BX Technology (UBXG), Oblong (OBLG), Unusual Machines (UMAC), Presto Automation (PRST), X3 Holdings (XTKG), and SmartKem (SMTK) saw significant declines.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 4:30 pm

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