$UMAV ’s Skyborne Technology continues to prepare for upcoming Public Events at its company owned airport. The first two new events will be the “Weight Balance Analysis” for the Seven Story High Drone Airship and a Groundbreaking Ceremony for the 100’ high Sky Hangar currently scheduled for June 2026.
The further dilution and additional 10 billion Authorized Share Increase was implemented based on debt repayment to senior debt holders which is mandatory.
$UMAV Corp’s Term Sheet of $50 million is intact and the 1st $10 million Note of the $ 50 million has been fine tuned for the retirement of senior note holders.
$UMAV is working with new incoming management, the potential strategic global new partners while keeping GLOBAL LOI'S and other intact.
$UMAV believes the wait to stay with the current $50 mil Term Sheet financing package was the right choice....