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UMAC-News
UMAC-Events
Unusual Machines Receives $16.9M Order from Powerus
Unusual Machines (UMAC) announced that it has received a $16.9M purchase order from Powerus Corporation (PUSA), a U.S. defense technology company focused on autonomous and unmanned systems. The order covers critical drone components, including motors, batteries, cameras, and video transmitters, for use across Powerus's unmanned systems portfolio
Brightline Interactive Closes $1.25M Private Investment in Public Equity
Brightline Interactive (BTLN) announced the closing of its previously announced private investment in public equity with gross proceeds of $1.25M of units of common stock and warrants to purchase common stock, led by Dr. Allan Evans, along with other participating investors. Dr. Evans's participation in the financing was made in his personal capacity and is not a corporate transaction between Brightline and Unusual Machines (UMAC). Net proceeds from the financing are intended to support continued development of the platform and Brightline's expansion into new markets and use cases. SpatialCore is designed to give sensors, autonomous systems, digital twins, and other real-world data sources a shared, AI-ready understanding of the physical world, a capability Brightline believes becomes more critical as these systems scale across defense and commercial markets.
Draganfly Secures $10M Strategic Investment from Unusual Machines and U.S. Fund
Draganfly (DPRO) announces a $10M strategic investment by Unusual Machines (UMAC) and a leading U.S. Investment Fund, each investing $5M. "We are seeing the convergence of customer adoption, government procurement, domestic manufacturing, defense autonomy and strategic industry participation," said Cameron Chell, CEO and Chairman of Draganfly. "This strategic investment from Unusual Machines and a leading U.S. Investment Fund is about positioning, not size. It is about aligning capabilities that can best serve the industries' requirements at scale domestically and abroad."
Brightline Interactive Signs $1.25M Private Investment Agreement
Brightline Interactive (BTLN) entered into an agreement for a private investment in public equity, with gross proceeds of $1.25M, of units of common stock and warrants to purchase common stock priced above the Company's closing share price on September 23, led by Dr. Allan Evans, CEO of Unusual Machines, (UMAC) along with other participating investors. Dr. Evans's participation in the financing is being made in his personal capacity and is not a corporate transaction between Brightline and Unusual Machines. Proceeds from the financing are intended to support continued development of SpatialCore and to help Brightline pursue new markets and use cases across the Physical AI ecosystem. The financing consists of a private investment in public equity of units of common stock and warrants to purchase common stock, for aggregate gross proceeds of $1.25M. The warrants carry 100% coverage at an exercise price of $2.00 per share. Pricing for the units is $0.70 per unit. The transaction is anticipated to close on September 25, subject to customary closing conditions. Net proceeds are intended to support continued development of SpatialCore and Brightline's expansion into new markets and use cases. The exercise price of the warrants will be subject to adjustment for stock dividends, stock splits, reverse splits and similar capital transactions, including the previously announced 8-for-1 stock split that will be effective on September 28. Following that split, the exercise price of the warrants will be $16.00 for each post-split share. Additionally, if, at any time the warrants are exercisable, the volume-weighted average price of the Company's common stock on the Nasdaq Capital Market exceeds $3.00 for five consecutive trading days, the Company has the option to redeem the outstanding warrants, subject to further conditions as described in the warrants. The Call Price is subject to adjustment for stock dividends, stock splits, reverse splits and similar capital transactions, including the previously announced 8-for-1 stock split that will be effective on September 28. Following the split, the Call Price of the warrants will be $24.00.
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