Unusual Machines to acquire Rotor Lab in $7M all-stock deal

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The closing of the acquisition is contingent on satisfaction of customary closing conditions by the parties including the negotiation of an employment agreement with current Rotor Lab CEO Andrew Simpson, and required regulatory approvals. The existing Rotor Lab facility in Canberra will continue operations and serve as Unusual Machines’ engineering center for motor design, prototyping, and low-to-medium volume production. These capabilities will complement the company’s expanding U.S. manufacturing footprint and act as a second source for supply chain resiliency. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news.
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