Unusual Machines' share price surged by more than 90% in premarket trading Wednesday after the company announced that Donald Trump Jr. had joined its advisory board. Trump Jr., son of President-elect Donald Trump, brings valuable expertise to the small U.S. drone and drone component maker, with a market cap under $50 million. CEO Allan Evans emphasized Trump Jr.'s role in helping bring drone manufacturing back to America, with Trump Jr. expressing support for reducing reliance on Chinese-made drones. Shares surged from nearly $5 to over $8 as of Wednesday morning, with nearly 5 million shares traded.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Unusual machines share price surged by more than 90% in pre-market trading Wednesday
00:07after the company announced that Donald Trump Jr. had joined its advisory board.
00:12Trump Jr., son of President-elect Donald Trump, brings valuable expertise to the small U.S. drone
00:17and drone component maker, which has a market cap under $50 million.
00:21CEO Alan Evans emphasized Trump Jr.'s role in helping bring drone manufacturing back to America,
00:27with Trump Jr. expressing support for reducing alliance on Chinese-made drones.
00:32Shares surged from nearly $5 to over $8 as of Wednesday morning,
00:36when nearly 5 million shares traded.
00:38For all things money, visit Benzinga.com slash GSTV.