AIRO Group Holdings, Inc. (NASDAQ: AIRO), a provider of advanced aerospace and defense technologies, announced the closing of its upsized underwritten public offering, generating gross proceeds of $89.4 million. The offering included 4,830,000 shares of common stock, encompassing the full exercise of the underwriters’ option to purchase 630,000 additional shares, as detailed in the company’s press release.
The company intends to use the net proceeds primarily to fund growth initiatives and pursue opportunistic acquisitions of complementary businesses, products, services or technologies that align with AIRO’s strategic objectives. Additionally, AIRO will repurchase 1,116,312 shares of common stock held by certain stockholders at the public offering price, less underwriting discounts and commissions. Any remaining proceeds will be used for general corporate purposes, including working capital and ongoing operational needs.
The offering was led by Cantor as the lead book-running manager, with BTIG, Mizuho and Bancroft Capital acting as joint book-running managers. A registration statement relating to the offering was declared effective by the U.S. Securities and Exchange Commission on September 10, 2025. Copies of the final prospectus can be obtained from Cantor Fitzgerald & Co., BTIG, LLC, Mizuho Securities USA LLC, or Bancroft Capital, LLC via the contact details provided in the press release.
AIRO is a technologically differentiated aerospace, autonomy, and air mobility platform organized into four operating segments: Drones, Avionics, Training, and Electric Air Mobility. The successful capital raise underscores investor confidence in AIRO’s strategic direction and its ability to capitalize on 21st century aerospace and defense opportunities.
Forward-looking statements in the press release, including those regarding the expected use of proceeds, involve risks and uncertainties that could cause actual results to differ materially. AIRO undertakes no obligation to update these statements except as required by law.
