Unusual Machines Files 8-K on Equity Sales & Officer Changes

TL;DR

UMAC filed an 8-K for unregistered equity sales and board changes. Watch for dilution.

AI Summary

Unusual Machines, Inc. filed an 8-K on October 22, 2024, reporting on unregistered sales of equity securities and changes in its board and officer composition. The filing also includes financial statements and exhibits, with the company's principal executive offices located in Orlando, Florida.

Why It Matters

This filing indicates potential dilution from equity sales and changes in corporate leadership, which could impact investor confidence and future strategic direction.

Risk Assessment

Risk Level: medium — The filing mentions unregistered sales of equity, which can lead to dilution and is often a sign of financial distress or a need for capital.

Key Players & Entities

• Unusual Machines, Inc. (company) — Registrant
• October 22, 2024 (date) — Date of earliest event reported
• Orlando, FL (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.01 — e on Which Registered Common Stock, $0.01 UMAC NYSE American Indicate by chec
• $5,416.67 — Amount of Cash Cristina Coln 7,472 $5,416.67 Sanford Rich 7,472 $5,416.67 Robe
• $5,000 — 2 $5,416.67 Jeffrey Thompson 6,897 $5,000 The foregoing description of the Agre

Filing Documents

• umac_8k.htm (8-K) — 31KB
• umac_ex1001.htm (EX-10.1) — 21KB
• 0001683168-24-007354.txt ( ) — 231KB
• umac-20241022.xsd (EX-101.SCH) — 3KB
• umac-20241022_lab.xml (EX-101.LAB) — 33KB
• umac-20241022_pre.xml (EX-101.PRE) — 24KB
• umac_8k_htm.xml (XML) — 4KB

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. The information contained below in Item 5.02 is incorporated by reference into this Item 3.02. On October 18, 2024, Unusual Machines, Inc. (the "Company") issued 250,000 shares of the Company's common stock to an accredited investor in connection with a conversion of 50 shares of the Company's Series B Convertible Preferred Stock. The issuance was exempt from registration under Section 3(a)(9) of the Securities Act of 1933.

02 Departure of Directors or Principal Officers;

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On October 22, 2024, the Company issued the non-employee directors listed in the table below the equity and cash portions of their quarterly compensation for services as a director during the quarter ended September 30, 2024. The shares of restricted common stock are fully vested, granted under the Company's 2022 Equity Incentive Plan and are subject to each director executing the Company's standard Restricted Stock Agreement (the "Agreement"). The amount of restricted common stock issued was based on the quoted trading price as of the close of the market as of October 22, 2024. Director Amount of Restricted Common Stock Amount of Cash Cristina Coln 7,472 $5,416.67 Sanford Rich 7,472 $5,416.67 Robert Lowry 7,472 $5,416.67 Jeffrey Thompson 6,897 $5,000 The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed herewith as Exhibit 10.1 and is incorporated in its entirety herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Exhibit 10.1 Form of Restricted Stock Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: October 24, 2024 By: /s/ Allan Evans Name: Allan Evans Title: Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR