Mentioned:
Unusual Machines is placing a big bet on an American drone company. But, why?
What’s happening:
- Unusual Machines (NYSE: UMAC) has made a $30M USD strategic equity investment into autonomous drone company Powerus
Why it matters:
- This is the single largest investment that Unusual Machines has ever made into a drone company
Going deeper:
- Powerus is one of the most advanced autonomous drone companies in the United States and has won a limited procurement order from the United States Air Force for their Guardian-2 counter-drone interceptor systems
- Powerus and Unusual Machines also have an existing partnership in which Unusual Machines supplies Powerus with National Defense Authorization Act compliant drone components and subsystems which Powerus uses in their counter-UAS interceptor systems and drone platforms
The intrigue:
- Powerus is currently in the process of completing a reverse merger with Aureus Greenway Holdings (NASDAQ: PUSA) to become a publicly traded company on the Nasdaq
