evandrorigon
A Quick Take On Unusual Machines
Unusual Machines, Inc. (UMAC) has filed to raise $10 million in an IPO of its common stock, according to an amended S-1/A registration statement.
The firm seeks to acquire the consumer drone and related products business from Red Cat Holdings, Inc. (RCAT).
Unusual Machines, Inc. has no meaningful operating history or revenue and is highly speculative, so I’ll pass on the IPO.
Unusual Machines Overview
San Juan, Puerto Rico-based Unusual Machines, Inc. was founded to acquire the consumer drone operations of Red Cat Holdings for $18 million in cash, a convertible


