AIRO Group prices public offering of 4.2M shares at $18.50; to repurchase 978K shares from insiders

AIRO Group Holdings, Inc.

• Underwritten public offering of 4,200,000 shares at $18.50/share; 30-day over-allotment option for up to 630,000 additional shares.
• Net proceeds primarily for growth initiatives, acquisitions, and to repurchase 978,000 shares from existing stockholders (incl. directors/officers).
• Stock repurchase contingent on offering closing; priced at $18.50 less underwriting discounts; approved by independent audit committee.
• If over-allotment exercised, up to an additional 138,312 shares may be repurchased from insiders under the repurchase agreement.