Unusual Machines terminates definitive agreement to acquire Aloft

Unusual Machines (UMAC) has notified Aloft that the previously announced acquisition has been terminated, effective June 9, in accordance with the termination provisions of the definitive agreement, as amended. The decision was made after careful consideration and reflects recognition that the transaction, as structured, no longer aligns with the strategic priorities of either organization. No termination fees will be incurred, and both companies remain open to exploring future collaborations. “While we were excited about the potential of combining forces, we are confident in our growth strategy and can really focus on executing our core mission: to build the backbone of the domestic drone supply chain,” said Allan Evans, CEO. “We continue to see strong momentum in our defense, enterprise, and retail channels and are well-positioned to deliver value to our shareholders.”