Unusual Machines, Inc. /
Aloft Technologies, Inc.
Unusual Machines agrees to merge with Aloft Technologies
What happened
Unusual Machines, Inc. entered into a merger agreement with Aloft Technologies, Inc. on Feb. 1, 2025. Aloft will merge into UMAC Merger Sub, Inc., which will continue as a wholly owned subsidiary of Unusual Machines, subject to customary closing conditions.
The merger consideration is $14.5 million, consisting of 1,204,319 shares of common stock and expected cash payments not to exceed $60,000 to unaccredited investors.
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Unusual Machines agrees to merge with Aloft Technologies
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