Unusual Machines Enters Into a Definive Agreement to Acquire Drone Software Company Aloft Technologies to Grow the American Drone Ecosystem
Unusual Machines (NYSE:UMAC) has signed a binding agreement to acquire Aloft Technologies in a stock-based transaction valued at $14.5M. Aloft is the leading FAA-approved provider of unmanned aerial system (UAS) services, controlling over 70% of FAA-approved LAANC airspace authorizations in the US, with 1.6 million total authorizations including 400,000 in 2024.
Aloft has leveraged its flight data to launch Air Boss, a real-time UAS air traffic management software. This acquisition aligns with the FAA's forecast of over 3 million drones in airspace by 2028. The deal's closing is subject to conditions including Aloft stockholder approval, acceptable audited financials, third-party consents, and no more than 10% of Aloft stockholders asserting appraisal rights.
Unusual Machines (NYSE:UMAC) ha firmato un accordo vincolante per acquisire Aloft Technologies in una transazione basata su azioni del valore di 14,5 milioni di dollari. Aloft è il principale fornitore di servizi di sistemi aerei senza pilota (UAS) approvato dalla FAA, controllando oltre il 70% delle autorizzazioni di spazio aereo LAANC approvate dalla FAA negli Stati Uniti, con un totale di 1,6 milioni di autorizzazioni, inclusi 400.000 nel 2024.
Aloft ha sfruttato i propri dati di volo per lanciare Air Boss, un software di gestione del traffico aereo UAS in tempo reale. Questa acquisizione è in linea con la previsione della FAA di oltre 3 milioni di droni nello spazio aereo entro il 2028. La conclusione dell'accordo è soggetta a condizioni, tra cui l'approvazione degli azionisti di Aloft, la presentazione di bilanci auditati accettabili, consensi di terze parti e non più del 10% degli azionisti di Aloft che affermano il diritto di valutazione.
Unusual Machines (NYSE:UMAC) ha firmado un acuerdo vinculante para adquirir Aloft Technologies en una transacción basada en acciones valorada en 14,5 millones de dólares. Aloft es el principal proveedor aprobado por la FAA de servicios de sistemas aéreos no tripulados (UAS), controlando más del 70% de las autorizaciones de espacio aéreo LAANC aprobadas por la FAA en los EE. UU., con un total de 1,6 millones de autorizaciones, incluidas 400.000 en 2024.
Aloft ha aprovechado sus datos de vuelo para lanzar Air Boss, un software de gestión del tráfico aéreo UAS en tiempo real. Esta adquisición se alinea con la previsión de la FAA de más de 3 millones de drones en el espacio aéreo para 2028. El cierre del acuerdo está sujeto a condiciones, incluyendo la aprobación de los accionistas de Aloft, estados financieros auditados aceptables, consentimientos de terceros y no más del 10% de los accionistas de Aloft que ejerzan derechos de valoración.
언유절 매신스( NYSE:UMAC)는 Aloft Technologies를 1,450만 달러의 주식 기반 거래로 인수하기 위한 구속력 있는 계약을 체결했습니다. Aloft는 미국에서 FAA의 승인을 받은 무인 항공 시스템(UAS) 서비스의 주요 제공업체로, FAA 승인을 받은 LAANC 공역 허가의 70% 이상을 차지하고 있으며, 2024년에는 총 1.6백만 개의 허가 중 400,000개를 포함하고 있습니다.
Aloft는 비행 데이터를 활용하여 Air Boss라는 실시간 UAS 항공 교통 관리 소프트웨어를 출시했습니다. 이 인수는 2028년까지 공역에 300만 대 이상의 드론이 있을 것으로 예상한 FAA의 예측과 일치합니다. 거래 완료는 Aloft 주주 승인, 적정한 감사 재무제표, 제3자 동의 및 Aloft 주주가 감정권을 주장하는 비율이 10%를 초과하지 않는 등의 조건에 따라 진행됩니다.
Unusual Machines (NYSE:UMAC) a signé un accord contraignant pour acquérir Aloft Technologies dans une transaction basée sur des actions d'une valeur de 14,5 millions de dollars. Aloft est le principal fournisseur de services de systèmes d'aéronefs sans pilote (UAS) agréé par la FAA, contrôlant plus de 70 % des autorisations d'espace aérien LAANC agréées par la FAA aux États-Unis, avec un total de 1,6 million d'autorisations, dont 400 000 en 2024.
Aloft a tiré parti de ses données de vol pour lancer Air Boss, un logiciel de gestion du trafic aérien UAS en temps réel. Cette acquisition est en ligne avec les prévisions de la FAA de plus de 3 millions de drones dans l'espace aérien d'ici 2028. La conclusion de l'accord est soumise à des conditions, y compris l'approbation des actionnaires d'Aloft, des états financiers audités acceptables, des consentements de tiers et aucun des actionnaires d'Aloft ne pouvant revendiquer des droits d'évaluation à plus de 10 %.
Unusual Machines (NYSE:UMAC) hat einen verbindlichen Vertrag zum Erwerb von Aloft Technologies in einer aktienbasierten Transaktion im Wert von 14,5 Millionen Dollar unterzeichnet. Aloft ist der führende von der FAA genehmigte Anbieter von unbemannten Luftfahrtsystemen (UAS) und kontrolliert über 70 % der von der FAA genehmigten LAANC-Luftraumgenehmigungen in den USA, mit insgesamt 1,6 Millionen Genehmigungen, darunter 400.000 im Jahr 2024.
Aloft hat seine Flugdaten genutzt, um Air Boss einzuführen, eine Software für das UAS-Luftverkehrsmanagement in Echtzeit. Diese Akquisition steht im Einklang mit der Prognose der FAA von über 3 Millionen Drohnen im Luftraum bis 2028. Der Abschluss des Deals unterliegt Bedingungen, einschließlich der Zustimmung der Aloft-Aktionäre, akzeptabler geprüfter Finanzberichte, der Zustimmung Dritter und nicht mehr als 10 % der Aloft-Aktionäre, die Bewertungsrechte geltend machen.
- Acquisition provides UMAC control over 70% of US drone airspace authorizations
- Strategic positioning for projected growth in drone market (3M drones by 2028)
- Integration of Air Boss software enhances UMAC's technological capabilities
- Stock-based transaction preserves cash resources
- Acquisition subject to multiple closing conditions that could delay or prevent completion
- Stock-based transaction may lead to shareholder dilution
- Integration risks with merging two technology platforms
Insights
This strategic acquisition marks a pivotal moment in the U.S. drone industry's evolution, particularly amid increasing concerns about data security and Chinese technology dependence. The
Three key aspects make this deal particularly significant:
- The timing aligns perfectly with the FAA's projection of 3 million drones by 2028, positioning the combined entity to capture substantial market share in the rapidly expanding UTM space
- Aloft's data-rich platform, with 1.6 million authorizations processed, provides invaluable insights for developing advanced air traffic management solutions
- The all-stock structure suggests confidence in future synergies while preserving cash for operational growth
The acquisition's focus on American-made software solutions addresses growing national security concerns and regulatory requirements. However, investors should note the deal's contingencies, particularly the audit requirements and
The strategic value extends beyond immediate financial metrics - Unusual Machines gains a mature software platform and regulatory relationships, while Aloft benefits from increased scale and resources. This combination could accelerate product development and market penetration in the rapidly evolving drone ecosystem.
ORLANDO, FL / ACCESS Newswire / February 3, 2025 / Unusual Machines (NYSE:UMAC) has announced the signing of a binding agreement to acquire of Aloft Technologies, Inc. (https://www.aloft.ai/), the leading FAA-approved provider of unmanned aerial system (UAS) services to enterprise, public safety, and government customers. The acquisition is almost all in stock, valued at
The proposed acquisition brings together companies that share commitment to strengthening the U.S. drone industry. Aloft Technologies has long been recognized as the leader in the drone fleet and airspace management sector, powering more than
Aloft has been able to leverage the data collected through millions of safe flights and airspace interactions to launch Air Boss, their new real-time UAS air traffic management (UTM) software. With the FAA forecasting more than 3 million drones in the airspace by 2028, outnumbering traditional aircraft more than 10-to-1, the coordination and integration of all aircraft is critical to national security and the national economy.
The closing of the acquisition is contingent on satisfaction of customary closing conditions by the parties including Aloft obtaining stockholder approval, the delivery by Aloft of its audited financials acceptable to Unusual Machines, the receipt of certain third party consents and the holders of no more than
"With the transition away from China, we need to care as much about our drone data as we do our drone parts. Aloft is the market leader and the answer to how we provide American software to complement our hardware," said Allan Evans, CEO of Unusual Machines. "Air Boss is the culmination of their years of work in fleet and airspace management. It will unlock airspace collaboration between governments, business, and consumers in a way that could prevent the confusion of what happened in New Jersey from ever being an issue again."
"Aloft's mission has always been to enable flight through better technology and data-driven insights," said Jonathan Hegranes, CEO and Co-Founder of Aloft. "Joining Unusual Machines will accelerate our ability to achieve this mission at a larger scale while continuing to prioritize cybersecurity and American-made software solutions."
The acquisition is expected to close in the coming months, with both companies working closely to ensure a seamless transition for customers and stakeholders.
About Aloft Technologies: Founded by Jon Hegranes and Joshua Ziering in 2015, Aloft Technologies is the leading provider of drone airspace and fleet management solutions in the United States. Powering millions of safe flights through its proprietary software, Aloft is trusted and beloved by government, public safety, enterprise, and recreational pilots alike. Aloft's focus on cybersecurity, data intelligence, and American-made software has positioned it as a critical player in the evolving drone ecosystem.
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
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including the expectation of a successful consummation of the acquisition and the acquistion accelerating Aloft's ability to meet its mission. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The results expected by some, or all of these forward-looking statements may not occur. Factors that affect these forward-looking statements are described more fully in the section titled "Risk Factors" contained in the Company's final Prospectus filed with the Securities and Exchange Commission and the Prospectus Supplement filed with the Securities and Exchange Commission on December 17, 2024. In addition, other risks are Aloft meeting the closing conditions, Air Boss' ability to unlock collaborative airspace governments, , the successful integration of Aloft and its employees into Unusual Machines as a wholly-owned subsidiary, and the acceptance by consumers of Aloft's new real-time unmanned air traffic management (UTM) software. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether because of new information, future developments or otherwise, except as may be required by law.
For more information visit Unusual Machines at https://www.unusualmachines.com/.
Contact Information
CS Investor Relations
investors@unusualmachines.com
917-633-8980
SOURCE: Unusual Machines
View the original press release on ACCESS Newswire
FAQ
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