Unusual Machines Completes Upgrade Energy Acquisition for Up to $52 Million
Unusual Machines completed its acquisition of DroneNX, doing business as Upgrade Energy, on October 19, 2026. Consideration included 1,792,012 shares valued at approximately $25 million and $1 million in cash, plus a potential cash earn-out of up to $26 million.
Unusual Machines completed its acquisition of DroneNX, doing business as Upgrade Energy, on October 19, 2026, under a merger agreement dated May 7, 2026. Consideration included 1,792,012 shares valued at approximately $25 million and $1 million in cash, with a potential cash earn-out of up to $26 m…