Unusual Machines, Inc. (NYSE American: UMAC) announced the pricing of a public offering for 8,823,529 shares of common stock at $17.00 per share. The drone parts manufacturer expects to receive approximately $150 million in gross proceeds before deducting placement agent fees and other expenses.

The offering includes participation from Ondas Inc. (NASDAQ: ONDS) as a strategic investor along with institutional investors. Dominari Securities LLC and JonesTrading Institutional Services LLC are serving as co-placement agents for the transaction.

The closing is expected to occur on or about March 23, 2026, subject to customary closing conditions. The company plans to use net proceeds to acquire additional inventory, for working capital needs, and general corporate purposes.

The shares are being offered under an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission and declared effective on April 21, 2025. A preliminary prospectus supplement and accompanying base prospectus have been filed with the SEC.

"This raise allows us to expand inventory, support production, and continue building a reliable, U.S.-based supply chain for drone components," said Allan Evans, Chief Executive Officer of Unusual Machines.

The Orlando-based company manufactures and sells drone components and drones through brands including Fat Shark, which produces video goggles for drone pilots. The company also operates the Rotor Riot ecommerce store for consumer drone equipment.