Donald Trump Jr. leaves a Donald Trump fundraiser hosted by former “Neighbors” star Holly Vallance on June 12, 2024 in London.
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Shares of U.S. makers of small drones and drone parts unusual machine The stock soared more than 90% in pre-market trading on Wednesday. company announced That donald trump jr. — Son of the president-elect Donald Trump – Has joined its advisory board.
“Having Don join our advisory board provides us with the unique expertise we need to bring drone parts manufacturing back to the United States,” Unusual Machines CEO Allan Evans said in a statement.
“He brings a wealth of experience, and I look forward to his advice and role in the company as we continue to grow our business,” said Evans, whose company is based in Orlando, Florida and has a market capitalization of less than $50 million.
“The need for drones is obvious. It is also obvious that we must stop buying Chinese drones and Chinese drone parts,” Trump Jr. said in a statement.
“I love Unusual Machines’ efforts to bring drone manufacturing jobs back to the United States and am excited to play a larger role in this movement,” Trump Jr. said.
Unusual Machines recently reported revenue of just $3.56 million for the nine months ended Sept. 30, with a net loss of $4.86 million for the same period.
Unusual Machines’ stock price has a 52-week low of 98 cents per share. The stock closed Tuesday at $5.36 a share as of Wednesday morning, trading above $8 a share.
Volume was heavy on Wednesday morning, with nearly 5 million shares traded.
This is developing news. Please check back for updates.