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Unusual Machines Inc. (UMAC) has provided an update.
Unusual Machines, Inc. has appointed Allan Evans as CEO through a two-year Management Services Agreement with 8 Consulting LLC, allowing him favorable tax benefits in Puerto Rico. Evans will handle CEO duties typical for a public company and oversee SEC filings, with the Consulting firm receiving a yearly fee and vested stock shares. Separately, the SEC has banned the company’s former accounting firm, BF Borgers CPA PA, and its owner from SEC practice due to audit failures, prompting the company to terminate their services.
Find detailed analytics on UMAC stock on TipRanks’ Stock Analysis page.