AIRO Group Secures $90 Million in Public Stock Offering for Strategic Expansion

AIRO Group Holdings, Inc. (NASDAQ: AIRO) announced the successful closing of its upsized underwritten public offering of 4,830,000 shares of common stock, generating gross proceeds of $89.4 million before underwriting expenses. The offering included the full exercise of the underwriters' option to purchase 630,000 additional shares, completed on September 12, 2025. This substantial capital infusion represents a significant milestone for the advanced aerospace and defense technology company, enabling strategic investments in growth areas and market expansion.

The company outlined specific allocation plans for the net proceeds, prioritizing funding for growth initiatives and opportunistic acquisitions of complementary businesses, products, services, or technologies that align with AIRO's strategic objectives. Additionally, a portion of the funds will be used to repurchase 1,116,312 shares of common stock held by certain stockholders at the public offering price, less underwriting discounts. Any remaining proceeds will be allocated to general corporate purposes, including working capital and ongoing operational needs, ensuring sustained business operations while pursuing expansion opportunities.

Cantor served as the lead book-running manager for the offering, with BTIG, Mizuho, and Bancroft Capital acting as joint book-running managers. The offering was conducted under a registration statement declared effective by the U.S. Securities and Exchange Commission on September 10, 2025. The successful execution of this offering demonstrates strong market confidence in AIRO's business model and growth potential within the aerospace and defense sector.

The capital raise occurs as AIRO targets four critical growth vectors in the aerospace and defense market: drones, avionics, training, and electric air mobility. This funding will enable the company to accelerate development in these technologically advanced segments, potentially enhancing its competitive position and market share. The offering's success reflects investor recognition of the growing importance of aerospace and defense technologies in addressing 21st-century security and mobility challenges.

For additional information about the offering, copies of the final prospectus may be obtained from the designated financial institutions. The registration details and offering documentation are available through the respective book-running managers, providing transparency and compliance with securities regulations governing public offerings.