ParaZero Files IPO This Week
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“The Kiryat Ono, Israel-based company plans to raise $16 million by offering 2.5 million units at a price range of $5.20 to $7.20. Each unit consists of one share of common stock and two warrants, exercisable at the IPO price. At the midpoint of the proposed range, ParaZero Technologies would command a full diluted market value of $58 million,” says the Renaissance Capital announcement.
ParaZero is the latest drone ecosystem player to join the markets. Drone safety systems have come to the forefront of the industry as global regulators consider flight beyond visual line of sight (BVLOS) flight and advanced operations. Currently, drone parachutes – ParaZero has a patented system that deploys as part of their autonomous safety system – are…