Dominari Securities (DOMH) served as the exclusive placement agent leading the placement of a $40M public offering for Unusual Machines (UMAC), an existing client. This transaction builds on Dominari’s relationship with Unusual Machines. Principals of Dominari were founding shareholders of the company raising $2.08M in a pre-IPO round and leading its $5M IPO on the NYSE American. Subsequently, Dominari acted as the exclusive placement agent for a private placement in October 2024, which generated approximately $1.96M in gross cash proceeds. Now, the company lead this $40M public offering. Unusual Machines priced its offering of 8,000,000 shares of common stock at $5.00 per share. The offering closed on May 7, 2025, subject to customary closing conditions. The company intends to use the net proceeds to accelerate the completion of its Orlando, Florida drone motor facility and support general corporate purposes, including working capital.
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