Unusual Machines, Inc. (UMAC) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
UMAC currently has 48.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 432.1% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 48.1M shares outstanding |
48M | 0 |
| Mar 23, 2026 |
8-K filing: Unusual Machines, Inc. completed a confidentially marketed public offering of 8,823,529 shares of common stock at $17.00 per share, resulting in gross proceeds of approximately $150 million before deducting fees and expenses. ($150.0M proceeds) |
39M | 0 |
| Mar 12, 2026 |
10-K filing | 38.9M shares outstanding |
39M | 0 |
| Nov 14, 2025 |
8-K filing: Unusual Machines, Inc. invested $25 million into XTI Aerospace, Inc. through a private placement, purchasing 25,000 shares of Series 10 Convertible Preferred Stock. ($25.0M proceeds) |
37M | 0 |
| Nov 06, 2025 |
10-Q filing | 36.9M shares outstanding |
37M | 0 |
| Aug 14, 2025 |
10-Q filing | 30.4M shares outstanding |
30M | 0 |
| Jul 15, 2025 |
8-K filing: Unusual Machines, Inc. entered into a Securities Purchase Agreement to sell 5,000,000 shares of Common Stock in a registered direct public offering at $9.70 per share and issued warrants to the Placement Agent to purchase 350,000 shares of common stock at an exercise price of $9.70 per share. ($48.5M proceeds) |
25M | 0 |
| Jul 07, 2025 |
8-K filing: Unusual Machines, Inc. granted vested equity awards to its executive officers as bonuses, including 175,000 shares of restricted common stock to the CEO and 75,000 restricted stock units each to the CFO and COO. |
25M | 0 |
| May 21, 2025 |
8-K filing: Unusual Machines, Inc. issued 8,334 shares of restricted common stock to each of its non-employee directors as compensation. |
25M | 0 |
| May 08, 2025 |
10-Q filing | 24.8M shares outstanding |
25M | 0 |
| May 07, 2025 |
8-K filing: Unusual Machines, Inc. entered into a Placement Agency Agreement with Dominari Securities, LLC for a confidentially marketed public offering of 8,000,000 shares of common stock at $5.00 per share, which closed on May 7, 2025, and issued warrants to the Placement Agent to purchase 640,000 shares of common stock. ($40.0M proceeds) |
17M | 3.9M |
| Apr 07, 2025 |
S-3 filing: Unusual Machines, Inc. intends to offer and sell common stock, preferred stock, warrants, and debt securities from time to time, with a total offering price not exceeding $1,000,000,000. |
17M | 3.9M |
| Mar 27, 2025 |
10-K filing | 16.8M shares outstanding |
17M | 3.9M |
| Feb 27, 2025 |
8-K filing: On February 26, 2025, the Company issued 1,224,606 shares of common stock to warrant holders who exercised their warrants at $1.99 per share, receiving gross proceeds of $2,436,966. ($2.44M proceeds) |
14M | 6.8M |
| Feb 04, 2025 |
8-K filing: Unusual Machines, Inc. entered into an Agreement and Plan of Merger and Reorganization with Aloft Technologies, Inc. where Aloft will merge into UMAC Merger Sub, Inc., a wholly owned subsidiary of Unusual Machines, Inc. The merger consideration of $14.5 million consists of 1,204,319 shares of common stock of Unusual Machines, Inc. and expected not to exceed $60,000 in cash payable to unaccredited investors. ($14.5M proceeds) |
14M | 6.8M |
| Dec 06, 2024 |
8-K filing: Unusual Machines, Inc. issued shares of common stock to accredited investors through conversions of convertible notes and preferred stock, and warrant exercises between December 2 and December 5, 2024. ($1.25M proceeds) |
14M | 6.8M |
| Dec 05, 2024 |
S-1/A filing: This S-1/A filing relates to the offering and resale by selling stockholders of 3,577,568 shares of the company's common stock. |
14M | 6.8M |
| Dec 02, 2024 |
8-K filing: Unusual Machines, Inc. issued shares of common stock through convertible preferred stock conversions and warrant exercises on November 27, 2024, November 29, 2024, and December 2, 2024. ($0.27M proceeds) |
9.3M | 11M |
| Nov 27, 2024 |
S-1 filing: This S-1 filing is for the offering and resale of 3,577,568 shares of common stock by selling stockholders, including shares from a private placement, shares owned by officers and directors, shares issuable upon warrant exercise, and shares issued to advisors. The company will not receive any proceeds from the sale of these shares. |
9.3M | 11M |
| Nov 14, 2024 |
10-Q filing | 8.3M shares outstanding |
8.3M | 8.8M |
| Nov 07, 2024 |
8-K filing: On November 5, 2024, the Board of Directors approved the issuance of 50,000 shares of restricted common stock to each of Allan Evans, Brian Hoff, and Andrew Camden as a bonus related to the Company's private placement which closed on October 30, 2024. |
13M | 3.8M |
| Oct 30, 2024 |
8-K filing: Unusual Machines, Inc. completed a private placement offering on October 30, 2024, issuing 1,286,184 units at $1.52 per unit, with each unit consisting of one share of common stock and one warrant, for gross proceeds of $1.95 million. ($3.9M proceeds) |
13M | 3.8M |
| Oct 24, 2024 |
8-K filing: Unusual Machines, Inc. issued 250,000 shares of common stock to an accredited investor in connection with a conversion of 50 shares of Series B Convertible Preferred Stock and also issued restricted common stock to non-employee directors as quarterly compensation. |
13M | 3.8M |
| Oct 11, 2024 |
S-1/A filing: This S-1/A filing relates to the offering and resale of 7,080,038 shares of common stock by Principal and Representative Selling Stockholders, with the company not receiving any proceeds from the sale. |
13M | 3.8M |
| Oct 08, 2024 |
8-K filing: Unusual Machines, Inc. entered into letter agreements with investors regarding the issuance of common stock upon conversion or exercise of convertible securities, limiting the issuance to 19.9% of the outstanding shares without stockholder approval. The company also approved and adopted amended and restated bylaws, including changes to the quorum for stockholder meetings and the timeline for submitting proposals. |
6.2M | 11M |
| Sep 11, 2024 |
POS AM filing: Post-Effective Amendment No. 1 to deregister 62,500 unsold shares of common stock previously registered under the Registration Statement that were issuable upon the exercise of the Warrant. |
6.2M | 11M |
| Sep 11, 2024 |
S-1 filing: This S-1 filing is for the offering and resale of up to 7,080,038 shares of common stock by selling stockholders, including shares issuable upon conversion of preferred stock and exercise of warrants and notes. |
13M | 3.8M |
| Aug 22, 2024 |
8-K filing: Unusual Machines, Inc. entered into Exchange Agreements to exchange Old Notes for New Notes, Series C Preferred Stock convertible into common stock, and warrants exercisable for common stock. |
6.2M | 1.9M |
| Aug 14, 2024 |
10-Q filing | 6.2M shares outstanding |
6.2M | 1.9M |
| Jul 22, 2024 |
8-K filing: Red Cat Holdings, Inc. sold all of its securities in Unusual Machine's Inc. to two unaffiliated third-party investors, including exchanging 4,250,000 shares of common stock for 4,250 shares of Series A Convertible Preferred Stock and selling the Series A. |
9.3M | 1.9M |
| May 15, 2024 |
10-Q filing | 9.3M shares outstanding |
9.3M | 1.9M |
| Apr 16, 2024 |
S-1/A filing: This is an S-1/A filing to register additional securities. The prospectus is not complete and may be changed. |
9.3M | 1.9M |
| Apr 10, 2024 |
S-1 filing: This S-1 filing relates to the offering and resale by selling stockholders of up to 940,719 shares of common stock acquired in private placements or transactions prior to the IPO. |
9.3M | 1.9M |
| Mar 22, 2024 |
10-K filing | 9.1M shares outstanding |
9.1M | 1M |
| Feb 16, 2024 |
8-K filing: Unusual Machines, Inc. closed its initial public offering of 1,250,000 shares of common stock at $4.00 per share, resulting in gross proceeds of $5,000,000, and issued warrants to Dominari Securities LLC to purchase 62,500 shares of common stock at $5.00 per share. ($5.0M proceeds) |
3.2M | 1M |
| Feb 01, 2024 |
S-1/A filing: This S-1/A filing pertains to a firm commitment initial public offering of 1,000,000 shares of common stock of Unusual Machines, Inc., with an expected offering price between $4.00 and $6.00 per share. |
3.2M | 1M |
| Dec 15, 2023 |
S-1/A filing: This S-1/A filing, dated December 15, 2023, is for an initial public offering of 1,000,000 shares of common stock, with an expected price range of $4.00 to $6.00 per share, with fat shark and rotor riot to be acquired simultaneously with the closing of this Offering. |
3.2M | 1M |
| Sep 19, 2023 |
S-1/A filing: This is an S-1/A filing for an initial public offering of 1,500,000 shares of common stock of Unusual Machines, Inc. with an expected price between $4.00 and $6.00 per share. |
3.2M | 1.5M |
| Aug 29, 2023 |
S-1/A filing: This S-1/A filing describes a firm commitment initial public offering of 1,500,000 shares of common stock by Unusual Machines, Inc., with an expected offering price between $4.00 and $6.00 per share. |
3.2M | 1.5M |
| Aug 07, 2023 |
S-1/A filing: This is a firm commitment initial public offering of 1,500,000 shares of common stock of Unusual Machines, Inc. with an expected initial offering price between $4.00 and $6.00 per share. |
N/A | 1.5M |
| Jun 14, 2023 |
S-1/A filing: This is a firm commitment initial public offering of 1,000,000 shares of common stock of Unusual Machines, Inc., with an expected initial offering price between $4.00 and $6.00 per share. |
N/A | 1M |
| May 03, 2023 |
S-1/A filing: This is a firm commitment initial public offering of 2,000,000 shares of common stock of Unusual Machines, Inc. with an anticipated initial public offering price of $5.00 per share. |
N/A | 2M |
| Mar 14, 2023 |
S-1 filing: This is an S-1 filing for an initial public offering of common stock, with an over-allotment option for the underwriters and potential sales to insiders. The company intends to list its shares on the Nasdaq Capital Market under the symbol "UMAC" upon the closing of the offering. |
N/A | 0 |