Unusual Machines Signs Material Definitive Agreement
Ticker: UMAC · Form: 8-K · Filed: Sep 11, 2024 · CIK: 1956955
| Field | Detail |
|---|---|
| Company | Unusual Machines, Inc. (UMAC) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.01, $150,000, $200,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement
Related Tickers: UMAC
TL;DR
UMAC signed a big deal, details TBD.
AI Summary
Unusual Machines, Inc. entered into a material definitive agreement on September 6, 2024. The filing does not disclose the specific terms or parties involved in this agreement, only that it is considered material.
Why It Matters
This filing indicates a significant new contract or partnership for Unusual Machines, Inc., the details of which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its impact on the company.
Key Players & Entities
- Unusual Machines, Inc. (company) — Registrant
- September 6, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Unusual Machines, Inc.?
The filing states that Unusual Machines, Inc. entered into a material definitive agreement on September 6, 2024, but does not provide specific details about its nature.
Who are the parties involved in this material definitive agreement?
The filing does not disclose the names of the other parties involved in the material definitive agreement.
What is the effective date of this material definitive agreement?
The earliest event reported, which is the entry into the material definitive agreement, is dated September 6, 2024.
Does the filing provide any financial terms or obligations related to the agreement?
No, the filing does not specify any financial terms or obligations associated with the material definitive agreement.
Why is this agreement considered 'material'?
The filing classifies the agreement as 'material' but does not elaborate on the specific reasons that make it significant to Unusual Machines, Inc.
Filing Stats: 366 words · 1 min read · ~1 pages · Grade level 11 · Accepted 2024-09-11 16:01:08
Key Financial Figures
- $0.01 — e on Which Registered Common Stock, $0.01 UMAC NYSE American Indicate by chec
- $150,000 — Company's Chief Operating Officer from $150,000 to $200,000, effective as of September
- $200,000 — hief Operating Officer from $150,000 to $200,000, effective as of September 1, 2024. 2
Filing Documents
- umac_8k.htm (8-K) — 28KB
- 0001683168-24-006300.txt ( ) — 198KB
- umac-20240906.xsd (EX-101.SCH) — 3KB
- umac-20240906_lab.xml (EX-101.LAB) — 33KB
- umac-20240906_pre.xml (EX-101.PRE) — 22KB
- umac_8k_htm.xml (XML) — 4KB
01 Entry into
Item 1.01 Entry into a Material Definitive Agreement. On September 6, 2024, the Board of Directors of Unusual Machines, Inc. (the "Company") approved increasing Andrew Camden's annual salary as the Company's Chief Operating Officer from $150,000 to $200,000, effective as of September 1, 2024. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Unusual Machines, Inc. Date: September 11, 2024 By: /s/ Brian Hoff Name: Brian Hoff Title: Chief Financial Officer 3