Unusual Machines Announces Acquisition of Aloft Technologies in Bid to Strengthen U.S. Drone Industry

Unusual Machines, Inc., a Nevada-based company specializing in drone manufacturing, has recently revealed its strategic move towards acquiring Aloft Technologies, Inc., a Delaware corporation known for its FAA-approved unmanned aerial system (UAS) services. The agreement, announced on February 3, 2025, is valued at approximately $14.5 million, primarily structured as an all-stock deal.

Aloft Technologies has established itself as a prominent player in the drone fleet and airspace management sector. The company is recognized for facilitating over 70% of all FAA-approved Low Altitude Authorization and Notification Capability (LAANC) airspace authorizations within the United States, totaling more than 1.6 million authorizations to date, with 400,000 authorizations issued in 2024.

The imminent deal between Unusual Machines and Aloft Technologies underscores a mutual dedication to fortifying the American drone ecosystem. As the Federal Aviation Administration (FAA) anticipates a significant surge in the presence of drones in U.S. airspace, projected to outnumber conventional aircraft more than tenfold by 2028, the collaboration aims to address the critical need for efficient airspace management and integration.

Unusual Machines’ CEO, Allan Evans, expressed confidence in the acquisition, emphasizing the importance of American-made drone software to complement hardware technologies in the wake of changing global dynamics. The move is anticipated to enhance airspace coordination across various sectors, including government, business, and consumer entities, with a focus on bolstering national security and economic interests.

Aloft Technologies’ CEO and Co-Founder, Jonathan Hegranes, echoed a sentiment of progress, citing the union with Unusual Machines as a catalyst for advancing their mission of leveraging technology and data-driven insights for improved flight operations, all while safeguarding cybersecurity and championing American-made software solutions.

The completion of the acquisition remains subject to standard closing conditions, including stockholder approval from Aloft, submission of audited financials by Aloft deemed acceptable by Unusual Machines, third party consents, and a limitation on appraisal rights exercised by holders of not more than 10% of Aloft common stock.

Both Unusual Machines and Aloft Technologies are actively engaged in pre-transaction proceedings to ensure a seamless transition for their respective customers and stakeholders. The amalgamation of their expertise and resources is poised to make significant contributions to the burgeoning drone industry, aligning with the evolving regulatory landscape and market demands.

For further details, the press release regarding the acquisition can be found on Unusual Machines’ website.

[Note: Information contained in this article is based on the 8-K SEC Filing by Unusual Machines, Inc., and the attached Exhibit 99.1 dated February 3, 2025.]

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Unusual Machines’s 8K filing here.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.