Nason Yeager Represents Unusual Machines, Inc. in $150 Million Public Offering

Nason Yeager Represents Unusual Machines, Inc. in $150 Million Public Offering

Nason, Yeager, Gerson, Harris & Fumero, P.A. represented Unusual Machines, Inc. (NYSE American: UMAC) (“Unusual Machines”) in connection with its recently closed public offering of common stock, generating approximately $150 million in gross proceeds.

Orlando, Florida-based Unusual Machines sold 8,823,529 shares of common stock at a public offering price of $17.00 per share.

The Company intends to use the net proceeds from the offering to expand its drone parts inventory, and for general corporate purposes as it continues to scale its U.S.-based drone supply chain.

Nason Yeager acted as counsel to Unusual Machines connection with the offering, including the preparation and filing of offering documents with the Securities and Exchange Commission, as well as drafting and negotiating transaction documents and supporting the company through the closing process.

The Nason Yeager team was led by Michael Harris and included Ed Schauder and Constantine Christakis from the firm’s securities practice group.