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Agreement signedPublished 15 Dec 2023

Unusual Machines, Inc. /
Red Cat Holdings, Inc.

Unusual Machines to purchase Red Cat consumer business

Buy side: Unusual Machines, Inc.
Buy sideUnusual Machines, Inc.
Target: Red Cat Holdings, Inc.
TargetRed Cat Holdings, Inc.
Source · 15 Dec 2023
See the source
Buy side: Unusual Machines, Inc.
Buy sideUnusual Machines, Inc.
Target: Red Cat Holdings, Inc.
TargetRed Cat Holdings, Inc.
01 / BuyerUnusual Machines, Inc.
02 / TargetRed Cat Holdings, Inc.
01

What happened

Unusual Machines, Inc. and Red Cat Holdings, Inc. amended their stock purchase agreement for the sale of Red Cat’s consumer business, which includes recreational and hobbyist drones and first-person-view goggles.

The amended agreement sets total consideration at $20 million, including cash, a promissory note and shares of Unusual common stock. Closing depends on the successful completion of Unusual’s pending initial public offering, and the outside date was extended to May 31, 2024.

02

The source

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01
Source · Original source

Unusual Machines to purchase Red Cat consumer business

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by the source

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