Unusual Machines added to Russell 2000 Index
Previously in the Russell Microcap Index, it increases U.S. manufacturing capacity for compliant drone parts.
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Drone technology and battery manufacturing company
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In short: Unusual Machines expanded its U.S. manufacturing footprint and secured strategic investments amid reports of potential federal support.
Previously in the Russell Microcap Index, it increases U.S. manufacturing capacity for compliant drone parts.
The offering of 8,823,529 shares at $17 each includes a strategic investment from Ondas Inc.
Purchase orders position the company to expand production and enable compliant, U.S.-based supply at scale.
The $52 million merger adds battery and power systems expertise to Unusual Machines' domestic operations.
View Unusual Machines Inc. UMAC stock quote prices, financial information, real-time forecasts, and company news from CNN.
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