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2025-07-14
2025-07-14
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event
reported) July
14, 2025
Unusual Machines, Inc.
(Exact name of registrant as specified in its charter)
Nevada |
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001-41961 |
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66-0927642 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
of incorporation) |
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File Number) |
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Identification No.) |
4677 L B McLeod Rd, Suite J |
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Orlando, FL |
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32811 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including
area code: (720) 323-8983
N/A
(Former name or former address, if changed since
last report.)
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of Each Class |
Trading Symbol(s) |
Name of Each Exchange on
Which Registered |
Common Stock, $0.01 |
UMAC |
NYSE American |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive
Agreement.
On July 14, 2025, Unusual Machines, Inc. (the
“Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain investors pursuant
to which the Company sold and issued 5,000,000 shares of Common Stock, par value $0.01 per share, in a registered direct public offering
(the “Offering”), at a price to the public of $9.70 per share, with Dominari Securities, LLC acting as placement agent (the
“Placement Agent”). A form of the Purchase Agreement is filed herewith as Exhibit 10.1. The Offering closed on July 15, 2025.
In connection with the Offering, on July 14, 2025
the Company entered into a Placement Agency Agreement (the “Placement Agency Agreement,” and together with the Purchase Agreement,
the “Agreements”) with the Placement Agent, pursuant to which on July 15, 2025, the Company has issued the Placement Agent
warrants to purchase 350,000 shares of our common stock (the “Placement Agent Warrants”) equal to seven percent of the shares
of Common Stock sold in the Offering. The Placement Agent Warrants may be exercised after January 10, 2026, have an exercise price of
$9.70 per share, are non-tradeable and expire on July 15, 2027. The Company also paid the Placement Agent a cash fee equal to $3,395,000,
or seven percent of the gross proceeds of the Offering, in addition to reimbursement of the Placement Agent’s legal and certain
other expenses in connection with the Offering. A copy of the Placement Agent Agreement is filed herewith as Exhibit 10.2, and a copy
of the Placement Agent Warrants is filed herewith as Exhibit 10.3.
The Agreements contain customary representations,
warranties and covenants by the Company, customary conditions to closing, indemnification obligations, including for liabilities under
the Securities Act of 1933 (the “Securities Act”), other obligations of the parties and termination provisions. The representations,
warranties and covenants contained in the Agreements were made only for purposes of the Agreements and as of specific dates, were solely
for the benefit of the parties to the Agreements, and may be subject to limitations agreed upon by the contracting parties, including
being qualified by confidential disclosures exchanged between the parties in connection with the execution of the Agreements.
Similarly, the Placement Agent Warrants contain
customary indemnification obligations of the Company, including for liabilities under the Securities Act.
The gross proceeds to the Company from the sale
of the shares of Common Stock was $48.5 million, before deducting Placement Agent fees and other estimated offering expenses payable by
the Company.
The Company intends to use the net proceeds of
the Offering for the purchase of drone motor manufacturing equipment and for general corporate purposes and working capital.
The Common Stock were offered and sold pursuant
to the Company’s effective shelf Registration Statement on Form S-3 (Registration Statement No. 333-286413) filed with the
Securities and Exchange Commission (the “SEC”) on April 7, 2025, and declared effective by the SEC on April 21, 2025, and
a final Prospectus Supplement filed with the SEC dated July 14, 2025.
The foregoing description of the terms of the
Purchase Agreement, the Placement Agency Agreement, and the Placement Agent Warrants does not purport to be complete and is subject to,
and qualified in its entirety by reference to such documents, copies or forms of which are filed herewith as Exhibits 10.1 through 10.3
and are incorporated herein by reference.
A copy of the opinion of Nason, Yeager, Gerson,
Harris & Fumero, P.A. relating to the validity of the shares of Common Stock issued in the Offering is attached as Exhibit 5.1 hereto.
Item 7.01 Regulation FD Disclosure.
On July 15, 2025, the Company issued a press release
announcing that the Company has closed the Offering. A copy of the press release is furnished as Exhibit 99.1.
The information contained in the press release
attached as Exhibit 99.1, to this Report shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section. Furthermore, the information contained in the press release attached
as Exhibit 99.1, respectively, to this Report shall not be deemed to be incorporated by reference in the filings of the Company under
the Securities Act of 1933.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
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Exhibit |
5.1 |
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Opinion of Nason, Yeager, Gerson, Harris & Fumero, P.A. |
10.1 |
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Form of Securities Purchase Agreement |
10.2 |
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Placement Agency Agreement |
10.3 |
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Placement Agent Warrant, issued to Dominari Securities LLC |
23.1 |
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Consent of Nason, Yeager, Gerson, Harris & Fumero, P.A. (included in Exhibit 5.1) |
99.1 |
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Press Release dated July 15, 2025 |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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Unusual Machines, Inc. |
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Date: July 15, 2025 |
By: |
/s/ Allan Evans |
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Name: |
Allan Evans |
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Title: |
Chief Executive Officer |