AIRO Announces Completion of Initial Public Offering and Full Exercise of Underwriters’ Over-Allotment Option
AIRO Group Holdings, Inc. (“AIRO”), a pioneering force in next-generation aerospace, defense, and mission-critical technologies, today proudly announced the successful closing of its initial public offering (IPO) of common stock. The offering comprised a total of 6,900,000 shares, which includes the full exercise by the underwriters of their option to purchase an additional 900,000 shares. The offering was priced at $10.00 per share, resulting in total gross proceeds of $69.0 million before underwriting discounts, commissions, and estimated offering expenses payable by AIRO.
All shares in the offering were sold by AIRO, signifying a capital infusion entirely dedicated to the company’s strategic goals. The company’s common stock began trading on the Nasdaq Global Market under the ticker symbol “AIRO” on June 13, 2025, marking a significant milestone in its corporate journey and expansion strategy.
Proceeds to Fuel Strategic Growth and Innovation
AIRO has stated that it intends to deploy the net proceeds from the offering—along with existing cash and restricted cash—towards a combination of targeted growth initiatives across its various business segments, the repayment of certain outstanding debts, and for general corporate purposes. These purposes may include research and development, capital expenditures, working capital, and potential future acquisitions aligned with the company’s innovation roadmap.
Founded with a vision to integrate cutting-edge aerospace capabilities with advanced defense technologies, AIRO has built a diversified business portfolio that spans commercial unmanned aerial systems (UAS), electric air mobility, avionics, and mission support. With a growing presence in both the public and private sectors, AIRO’s solutions are designed to serve the needs of defense agencies, industrial customers, first responders, and commercial aviation stakeholders.
This capital raise provides the company with enhanced financial flexibility to scale its operations, invest in product innovation, and capture emerging opportunities within the rapidly evolving aerospace and defense landscape. AIRO’s decision to go public comes at a time when the global aerospace market is experiencing a surge in demand for advanced mobility, secure communications, and next-generation platforms.
Underwriters and Book-Running Managers
The IPO was led by a strong syndicate of underwriters, including Cantor, BTIG, and Mizuho, who acted as joint lead book-running managers. Bancroft Capital participated as a book-running manager. These financial institutions brought significant market expertise to the process, facilitating a successful offering that was well-received by investors.
The seamless execution of the offering reflects the confidence the market has in AIRO’s long-term vision, leadership team, and differentiated business model. It also highlights the strong investor appetite for innovative companies operating at the intersection of aerospace, defense, and next-generation mobility technologies.
Compliance and Regulatory Details
A registration statement on Form S-1 relating to the offering was declared effective by the U.S. Securities and Exchange Commission (SEC) on June 12, 2025. The offering was conducted in accordance with all applicable securities regulations and was made only by means of a final prospectus filed with the SEC.
This news release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor will any such offer or sale occur in any jurisdiction where it would be unlawful prior to registration or qualification under applicable securities laws.
A Platform for the Future of Aerospace and Defense
AIRO’s IPO comes at a pivotal time in the evolution of aerospace and defense technologies. The company is uniquely positioned with an integrated platform that brings together commercial and military applications of advanced aerial mobility, remote sensing, secure communications, and aviation services. Its offerings are aimed at addressing key national security needs, facilitating urban air mobility, and enhancing situational awareness through autonomous systems.
AIRO operates through several subsidiaries and business units that focus on different areas of innovation and operational support. The company has developed and deployed a suite of products and services, including:
- Electric and hybrid-electric aircraft systems designed for future air mobility,
- Unmanned aerial vehicle (UAV) platforms for defense, surveillance, and infrastructure inspection,
- Mission systems and avionics that support complex flight operations, and
- Training and simulation tools to support pilot readiness and advanced flight instruction.
Through a combination of internal development and strategic acquisitions, AIRO aims to build an ecosystem of vertically integrated capabilities that serve both the commercial and defense sectors.
Executive Leadership Commentary
Commenting on the IPO milestone, AIRO’s executive leadership expressed optimism about the company’s future trajectory. While a formal quote was not included in the announcement, the underlying message is clear: AIRO’s public listing represents a vote of confidence in its technology roadmap, operational readiness, and growth potential.
The offering provides the company with access to capital markets that can support long-term value creation, while the listing on Nasdaq enhances its visibility among global investors, partners, and customers. It also marks the beginning of a new chapter for AIRO as it transitions from a private enterprise to a publicly traded organization.