The Albany Gazette - Unusual Machines Announces Termination of Definitive Agreement to Acquire Aloft

NYSE - LSE

SCS	0.12%	16.14	$
CMSD	-0.65%	23.25	$
CMSC	-0.56%	23.3	$
BTI	-2.22%	57.1	$
GSK	-0.14%	48.81	$
BCC	0.33%	76.51	$
NGG	0.32%	74.93	$
BCE	1.31%	23.71	$
RIO	-1.43%	75.66	$
BP	-0.77%	35.26	$
AZN	-0.51%	89.83	$
RYCEF	-1.71%	14.6	$
JRI	-0.15%	13.7	$
VOD	0.4%	12.59	$
RELX	0.25%	40.38	$
RBGPF	0%	81.17	$

Unusual Machines Announces Termination of Definitive Agreement to Acquire Aloft

TECHNOLOGY 13.06.2025

Unusual Machines Announces Termination of Definitive Agreement to Acquire Aloft

ORLANDO, FL / ACCESS Newswire / June 13, 2025 / Unusual Machines, Inc. (NYSE American:UMAC), a leader in drone technology and component manufacturing, today announced that it has notified Aloft that the previously announced acquisition has been terminated, effective June 9, 2025, in accordance with the termination provisions of the definitive agreement, as amended.

Text size:

The decision was made after careful consideration and reflects recognition that the transaction, as structured, no longer aligns with the strategic priorities of either organization. No termination fees will be incurred, and both companies remain open to exploring future collaborations.

"While we were excited about the potential of combining forces, we are confident in our growth strategy and can really focus on executing our core mission: to build the backbone of the domestic drone supply chain," said Allan Evans, CEO of Unusual Machines. "We continue to see strong momentum in our defense, enterprise, and retail channels and are well-positioned to deliver value to our shareholders."

Unusual Machines' business outlook remains unchanged, with no anticipated impact to operations, cash position, or strategic initiatives because of the canceled transaction.

About Unusual Machines

Unusual Machines manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots. The Company also retails small, acrobatic FPV drones and equipment directly to consumers through the curated Rotor Riot e-commerce store. With a changing regulatory environment, Unusual Machines seeks to be a dominant Tier-1 parts supplier to the fast-growing multi-billion-dollar U.S. drone industry. According to Fact.MR, the global drone accessories market is currently valued at $17.5 billion and is set to top $115 billion by 2032.

For more information, please visit www.unusualmachines.com.

Investor Contact:
CS Investor Relations
[email protected]
917-633-8980

SOURCE: Unusual Machines, Inc.

View the original press release on ACCESS Newswire

(B.Ramirez--TAG)

Featured

Why SpaceX IPO plan is generating so much buzz

More than 20 years after founding SpaceX, the record-breaking company that transformed the global space industry, Elon Musk is planning to take the enterprise public.

Spain opens doors to descendants of Franco-era exiles

Spain has received a surge of citizenship applications from descendants of emigrants who fled the country's 1930s civil war and Francisco Franco's dictatorship under a scheme aimed at addressing historical injustices.

Laughing about science more important than ever: Ig Nobel founder

With science increasingly coming under attack, using humour as a way to get people interested in scientific research is more important than ever, the founder of the satirical Ig Nobel prizes said.

Consensus Mining & Seigniorage Corporation Announces Date of Annual Meeting and Related Deadlines

NEW YORK, NY / ACCESS Newswire / December 12, 2025 / Consensus Mining & Seigniorage Corporation (the "Company") today announced that its 2026 annual meeting of stockholders (the "Annual Meeting") will be held on Wednesday, March 18, 2026. Stockholders of record as of the close of business on January 23, 2026 will be entitled to notice of and to vote at the Annual Meeting or any adjournment or postponement thereof. Pursuant to Section 1.16(b) of the Company's Bylaws, the advance notice deadline for stockholder nominations or other business to be properly brought before the Annual Meeting is December 22, 2025.