- AIROGroup Holdings, Inc. closes its initial public offering, raising $69 million.
- Shares are trading under the ticker symbol "AIRO" on the Nasdaq Global Market.
- The company plans to use the proceeds for growth initiatives and debt repayment.
AIROGroup Holdings, Inc. ("AIRO"), specializing in advanced aerospace and defense technologies, announced the successful closing of its initial public offering (IPO) of 6,900,000 shares of common stock, including the full exercise of the underwriters' option to purchase 900,000 additional shares. Priced at $10.00 per share, the IPO generated gross proceeds of $69.0 million for AIRO.
The company's shares commenced trading on the Nasdaq Global Market on June 13, 2025, under the ticker symbol "AIRO." AIRO intends to utilize the net proceeds from the offering to support growth initiatives across its segments, repay debt, and for general corporate purposes.
Cantor, BTIG, and Mizuho served as joint lead book-running managers, while Bancroft Capital acted as a book-running manager for the offering. A registration statement relating to the securities offering was declared effective by the U.S. Securities and Exchange Commission on June 12, 2025. The offering was made exclusively via a final prospectus, available from the managers.
AIROGroup Holdings is a diversified aerospace and defense company, structured into four segments: Drones, Avionics, Training, and Electric Air Mobility, each serving as a critical growth vector in the modern aerospace and defense landscape.
