Highlights

  • AIRO Group launches Nasdaq IPO of 6 million shares, raising $60 million in gross proceeds.
  • The company’s shares set to begin trading under the ticker “AIRO” on June 13, 2025, with closing expected on June 16.
  • AIRO Group plans to use net proceeds for segment growth, debt repayment, and general corporate purposes.

AIRO Group Holdings, Inc. a company focused on aerospace, defense, and advanced mobility technologies, announced the pricing of its initial public offering (IPO) of 6,000,000 shares of common stock at a price of USD 10.00 per share. The IPO is expected to raise approximately USD 60 million in gross proceeds before deductions for underwriting discounts, commissions, and other offering expenses.

The offering includes a 30-day over-allotment option for underwriters to purchase up to an additional 900,000 shares at the same offering price, which, if fully exercised, would raise total gross proceeds to USD 69 million. AIRO’s shares are expected to begin trading on the Nasdaq Global Market under the ticker symbol “AIRO” on June 13, 2025. The transaction is scheduled to close on June 16, subject to customary conditions.

The IPO is led by joint book-running managers Cantor Fitzgerald, BTIG, and Mizuho Securities. Bancroft Capital is acting as an additional book-running manager.

AIRO stated that it intends to use the net proceeds from the offering alongside existing cash and restricted cash to fund growth initiatives across its operating segments, repay outstanding debt, and for general corporate purposes. The company did not disclose specific projects or investments but emphasized application across its four primary business lines.

The offering was registered with the U.S. Securities and Exchange Commission (SEC) and declared effective on June 12, 2025. A final prospectus will be available through the underwriters, including Cantor Fitzgerald, BTIG, and Mizuho, via their respective distribution offices or email contacts.

This IPO marks AIRO’s transition to public markets as it seeks to scale its aerospace and defense operations. The company operates in four distinct segments: Drones, Avionics, Training, and Electric Air Mobility each targeting growth opportunities in modern aerospace applications. AIRO has indicated a focus on integration and technological differentiation in addressing current and emerging defense and commercial aviation needs. While the company has not publicly disclosed historical financial results in this announcement, its offering documents include risk disclosures typical for firms in pre-commercial or early commercial stages, particularly in high-investment sectors such as aerospace and autonomy.

AIRO joins a number of aerospace and air mobility firms seeking public market capital to accelerate development of next-generation aviation technologies. With both commercial and defense applications, the company operates in segments that have received increased attention from investors, governments, and regulators in recent years due to shifts in airspace policy, defense modernization, and emerging use cases for autonomous flight.