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Nason Yeager Represents Unusual Machines, Inc. in Dual IPO and Acquisition Closings

PALM BEACH GARDENS, FL—Nason, Yeager, Gerson, Harris & Fumero, P.A. represented Unusual Machines, Inc. [NYSE American: UMAC] (“Unusual Machines”) in the company’s concurrent closings of its initial public offering and its acquisition of Fat Shark Ltd. (“Fat Shark”) and Rotor Riot, LLC (“Rotor Riot”), subsidiaries of Red Cat Holdings, Inc. [Nasdaq: RCAT] engaged in the development and sale of consumer drones and first-person view goggles.
In Unusual Machine’s initial public offering, the company sold 1,250,000 shares of common stock and raised gross proceeds of $5,000,000, of which $1,000,000 was used for the acquisition of Fat Shark and Rotor Riot. The $17,000,000 of consideration also included convertible debt and common stock issued by the company.

The post Nason Yeager Represents Unusual Machines, Inc. in Dual IPO and Acquisition Closings appeared first on Attorney at Law Magazine.

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