secwatch.observer — SEC 8-K summary
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Issuer:     Unusual Machines, Inc. (UMAC)
CIK:        0001956955
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001683168-24-001045
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Unusual Machines prices IPO at $4.00/share, raises $5M gross proceeds
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- IPO of 1,250,000 shares at $4.00/share; gross proceeds of $5.0M.
- Net proceeds approximately $3.725M after underwriting discounts and expenses.
- Proceeds to fund cash portion of Fat Shark and Rotor Riot acquisitions plus working capital.
- Underwriters' over-allotment option for additional 187,500 shares at $4.00/share (45 days).
- Shares began trading on NYSE American on Feb 14, 2024 under ticker UMAC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1956955/000168316824001045/0001683168-24-001045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1956955/000168316824001045/umac_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-001045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer