Donald Trump Jr., the son of President-elect Donald Trump, said 'the need for drones is obvious' as he joined the advisory board of Unusual Machines.
The share price of small U.S. drone and drone component maker Unusual Machines soared more than 100% after the company announced that Donald Trump Jr. had joined the company's advisory board. Donald Trump Jr. leaves a fundraiser for Donald Trump hosted by former "Neighbours" star Holly Valance, in London, June 12, 2024.
Some Democrats back Trump pick Rubio for secretary of State but remain critical of Hegseth, Gabbard and Gorka In an S-1 filing on Wednesday, Unusual Machines says its consumer business "has been heavily dependent on Chinese imports for our products and operations," and raises the risks of President-elect Trump imposing tariffs on Chinese imports.
In the same S-1 statement, Unusual Machines disclosed that Trump Jr. had previously owned 331,580 shares of Unusual Machines before a share offering detailed in the statement, and currently owns no shares. The statement does not disclose the price paid by Trump Jr. for his shares, or what price he sold them at.
Volume was heavy Wednesday morning, with more than 13.5 million shares trading hands. The company's 10-day average trading volume is just 380,000 shares or so.
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