On February 14, 2024 Unusual Machines, Inc. (NYSE American UMAC) announced the closing of the acquisition of two Tier 1 Drone companies from Red Cat Holdings, Inc. (NASDAQ:RCAT) following the initial public offering of the company. The acquisitions consist of FPV (First Person View) drone goggle manufacturer Fat Shark Holdings, Ltd. A pioneer in ultra-low latency first person view (FPV) goggles, and Rotor Riot, LLC, a curated e-commerce marketplace focused on serving drone enthusiasts. The Firm represented the Special Committee of the Board of Directors of Red Cat Holdings, Inc. in the transactions.
Read the full press release on Unusual Machines’ website.