Unusual machines finalizes working capital, extends loan, and reduces outstanding common shares

Orlando, fl / accesswire / july 22, 2024 / unusual machines, inc. (nyse:umac), a leader in the american drone industry, announces finalization of several transactions with red cat holdings ("red cat") including one relating to the closing conditions related to the acquisitions of rotor riot and fat shark. the share purchase agreement under which we acquired rotor riot and fat shark from red cat contained a provision for a subsequent determination of the working capital of rotor riot and fat shark.
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