Unusual machines agrees to exchange $1m of its existing debt for series c preferred shares convertible at market value

Orlando, fl / accesswire / august 22, 2024 / unusual machines, inc. (nyse american:umac) ("unusual machines" or the "company"), an american drone and drone components manufacturer, on august 21, 2024 entered into two exchange agreements (each, an "exchange agreement") with existing promissory note holders. these agreements will cancel an aggregate of $1.0 million of the company's existing $4.0 million indebtedness.
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