secwatch.observer — SEC 8-K summary
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Issuer:     Unusual Machines, Inc. (UMAC)
CIK:        0001956955
Form:       8-K
Filed at:   2026-10-23T20:14:34+00:00
Accession:  0001683168-26-008046
Event type: m_and_a
Sentiment:  positive
Materiality: 0.72
Item codes: 1.01, 2.01, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Unusual Machines closes Upgrade Energy buy: $25M stock, $1M cash, up to $52M with earn-out
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- Issued Matthew Barnard 1,792,012 UMAC shares valued at ~$25.0M ($13.9508/share) plus $1.0M cash at closing, funded from cash on hand.
- Earn-out of up to $26.0M cash if Upgrade Energy revenue exceeds $10.0M in the first calculation period; total consideration capped at $52.0M.
- Barnard named CEO of Upgrade Energy under a two-year employment deal: $300,000 base salary, six months' severance on qualifying termination.
- Upgrade Energy makes drone batteries/power systems at an 18,500-sq-ft Torrance, CA facility; UMAC plans battery pack operations in Orlando, FL.
- Registration Rights Agreement requires an S-3 (or S-1) resale registration filing within 30 days of closing, effective within 60 days if SEC-reviewed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1956955/000168316826008046/0001683168-26-008046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1956955/000168316826008046/umac_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-26-008046

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