Unusual Machines, Inc. — fact timeline

Unusual Machines, Inc. entered into Agreement and Plan of Merger with Upgrade Energy LLC, DroneNX LLC d/b/a Upgrade Energy, Matthew Barnard valued at $52 million (effective 2026-05-07).

“On May 7, 2026, Unusual Machines, Inc. (the “Company”), a manufacturer of NDAA-compliant drone components, entered into a $52 million agreement and plan of merger (the “Merger Agreement”), with Upgrade Energy LLC, a newly formed subsidiary of the Company (the “Surviving Company”), DroneNX LLC d/b/a Upgrade Energy (“Upgrade”), and Matthew Barnard as the Member Representative of Upgrade, pursuant to which, the Surviving Company, will acquire all of the property, rights, privileges, licenses, powers and authority of Upgrade in exchange for 1,792,012 shares of Company common stock at $13.9508 per share and $1 million cash at closing with a potential post-closing earn-out payment of up to $26 million in cash, subject to the Surviving Company achieving an annual revenue target of $10 million during a two-year calculation period following the date of the Merger Agreement (with proportional adjustment for the second year).”

Unusual Machines, Inc. entered into Placement Agency Agreement with Dominari Securities LLC and JonesTrading Institutional Services LLC valued at $150 million (effective 2026-03-19).

“On March 19, 2026, Unusual Machines, Inc. (the “Company”) entered into a Placement Agency Agreement (the “Agreement”) with Dominari Securities LLC and JonesTrading Institutional Services LLC (combined together hereinafter referred to as the “Placement Agents”), relating to the confidentially marketed public offering (the “Offering”) of 8,823,529 shares of the Company’s common stock, at a price to the public of $17.00 per share.”

Unusual Machines, Inc.: Amended bylaws to add executive officer positions of President and Chief Revenue Officer (effective 2026-01-23).

“On January 23, 2026, the Board of Directors of Unusual Machines, Inc. (the “Company”) approved an amendment to the Company’s Amended and Restated Bylaws to add the executive officer positions of President and Chief Revenue Officer (the “Amendment”).”

Unusual Machines, Inc. completed an acquisition involving Andrew Robert Simpson and Vella Hardjadinata Corporation Pty Ltd ACN 655 787 367 as a trustee for Vella Hardjadinata Family Trust for 656,642 shares of the Company’s common stock, calculated in accordance with the terms of the Agreement (the “Initial Consideration”), plus Earnout Consideration (closed 2025-09-03).

“As of September 3, 2025 (“the Closing Date”), Unusual Machines, Inc. (the “Company”) acquired 100% of the capital stock of Rotor Lab Pty Ltd, an Australian company (“Rotor Lab”) from its existing shareholders Andrew Robert Simpson (“Simpson”) and Vella Hardjadinata Corporation Pty Ltd ACN 655 787 367 as a trustee for Vella Hardjadinata Family Trust (“VHC”), (collectively the “Sellers”) in exchange for 656,642 shares of the Company’s common stock, calculated in accordance with the terms of the Agreement (the “Initial Consideration”), plus Earnout Consideration (as defined in the Agreement) of up to $3,000,000 worth of shares of common stock.”

Unusual Machines, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue approximately $0.6 million, net income approximately $1.1 million, EPS $0.18 per share.

“feedback. Please reach out with any questions or comments. Sincerely, Allan Evans CEO of Unusual Machines 2 First Quarter Financial Results · Sales totaled approximately $0.6 million for the period since acquisitions of Fat Shark and Rotor Riot of February 16, 2024 through March 31, 2024. We did not have any sales prior in the prior year or prior to the”