UMAC News

Two nano-caps debuted this past week, neither of which are included in our IPO stats. Two OTC-listed companies filed for uplistings. Pain relief biotech Chromocell Therapeutics (CHRO) raised $7 million at a $34 million market cap. The company is focused on developing and commercializing therapeutics to alleviate pain by selectively target the sodium ion-channel...read more

Unusual Machines, a drone technology developer acquiring the consumer operations of Red Cat, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $6. The company offered 0.3 million more shares than anticipated. ...read more

Unusual Machines, a drone technology developer acquiring the consumer operations of Red Cat, lowered the proposed deal size for its upcoming IPO on Wednesday. In its latest filing, the company also replaced lead underwriter ThinkEquity with Maxim Group, and disclosed financials for the three months ended March 31, 2023. The San Juan, Puerto Rico-based company now plans to raise $5...read more

Unusual Machines, a drone technology developer acquiring the consumer operations of Red Cat, announced terms for its IPO on Wednesday. The San Juan, Puerto Rico-based company plans to raise $10 million by offering 2 million shares at $5. At the proposed price, Unusual Machines would command a market value of $35 million. ...read more