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Shares of Unusual Machines surged over 90% after Donald Trump Jr. joined its advisory board, with the CEO highlighting the need for U.S. drone manufacturing. The company, which recently reported a net loss of $4.86 million, aims to reduce reliance on Chinese drone products. Heavy trading activity followed the announcement, with shares rising from $5.36 to over $8. In a recent regulatory filing, Unusual Machines disclosed changes in its accounting firm and issues with prior financial statements, necessitating a re-audit.
Red Cat Holdings, Inc.
Companies
| Symbol | RCAT |
| Name | Red Cat Holdings, Inc. |
| Currency | USD |
| Sector | |
| IndustryGroup | |
| Industry | |
| Market | NASDAQ Global Select |
| Country | United States |
| State | PR |
| City | San Juan |
| Zipcode | 85251 |
| Website | http://www.redcatpropware.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Donald Trump Jr. joins Unusual Machines advisory board shares surge over 90 percent
United States Dollar
Unusual Machines, Inc.
Red Cat Holdings, Inc.
USA
Donald Trump Jr.
Allan Evans
Jeffrey Thompson
Holly Valance
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15:19 27.11.2024
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