UAS Drone Corp., a developer of unmanned aerial vehicles for the law enforcement and first responder market, announced it has commenced its Initial Public Offering ofits common stock. The offering is being conducted directly by officers and directors of the company through the Fundable.com equity crowdfunding platform.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on September 15, 2015. The offering is being made only by means of a prospectus, copies of which may be obtained from the company through the following web site: www.fundable.com/uas-drone-corp
The company offering is common stock at a price of $1.50 per share, equivalent to approximately a $3 million pre-funding fully diluted valuation.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.
UAS Drone manufactures and sells quadrotor drones specifically designed for police departments, private security, first responders and other customers in the public and private sector. The company’s ruggedized platform is capable of over 40 minutes of flight time, utilizing top power, aviation and sensor components. The company is led by former military UAV pilots and industry experts.