07 Oct UAS Drone Corp. Commences Initial Public Offering Through Fundable.com
PALM BEACH, FL — (Marketwired) — 10/06/15 — UAS Drone Corp., a developer of unmanned aerial vehicles for the law enforcement and first responder market (the “Company”), announced that it has commenced its Initial Public Offering of its 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.
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
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