Unusual Machines to acquire Rotor Lab in $7M all-stock deal

Unusual Machines (UMAC) announced it has signed a definitive agreement, effective June 12, to acquire Rotor Lab, an Australian developer and manufacturer of electric motors and propulsion systems for unmanned aerial systems. The proposed acquisition is substantially an all-stock deal valued at $7M. Unusual Machines and Rotor Lab have already been working together for nearly a year, co-developing a family of motors including the 2207, 2807, and 3220 sizes. These motors will be among the first to enter production at Unusual Machines’ new U.S.-based motor factory in Orlando, Florida, which is expected to begin operations in September. The closing of the acquisition is contingent on satisfaction of customary closing conditions by the parties including the negotiation of an employment agreement with current Rotor Lab CEO Andrew Simpson, and required regulatory approvals.