Unusual Machines to acquire Upgrade Energy in $52 million deal

Unusual Machines

Unusual Machines

UMAC

0.00
  • Unusual Machines entered a definitive agreement to acquire DroneNX, operating as Upgrade Energy, a US manufacturer of battery and power systems for unmanned aerial systems.
  • Transaction valued at about $52 million, structured as cash and stock consideration with a performance-based earnout.
  • Deal adds battery engineering and manufacturing capabilities, with Upgrade Energy operating from an 18,500-square-foot facility in Torrance, California, employing about 30 staff.
  • Battery pack operations are expected to expand with a second production facility planned in Orlando, Florida.
  • Closing remains subject to customary conditions, including receipt of Upgrade Energy’s 2025 audit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Unusual Machines Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202605110800ACCESSWRNAPR_____1165632) on May 11, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.