Deal facts
- Buyer
- Unusual Machines, Inc.
- Target
- DroneNX LLC d/b/a Upgrade Energy
- Deal value
- USD 52,000,000
- Announced
- 11 May 2026
- Status
- Firm intention
- Sector
- Aerospace & Defence
- Country
- United States
- Consideration
- shares, cash, earn-out
Sources
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1 update- Firm intention
Unusual Machines, Inc. firm intention to acquire DroneNX LLC d/b/a Upgrade Energy
Item 1.01 Entry into a Material Definitive Agreement. On May 7, 2026, Unusual Machines, Inc. (the “Company”), a manufacturer of NDAA-compliant drone components, entered into a $52 million agreement and plan of merger (the “Merger Agreement”), with Upgrade Energy LLC, a newly formed subsidiary of the Company (the “Surviving Company”), DroneNX LLC d/b/a Upgrade Energy (“Upgrade”), and Matthew Barnar
Source
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Buyer history
Unusual Machines, Inc.
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