PRZO News & Events

ParaZero Technologies announced the closing of its previously announced registered direct offering with a single institutional investor for the purchase and sale of approximately $4M of ordinary shares and pre-funded warrants at a price of 75c per ordinary share. The offering consisted of the sale of 5,333,333 ordinary shares at a public offering price of 75c per ordinary share. The pre-funded warrants are immediately exercisable and may be exercised at any time until exercised in full. For each pre-funded warrant sold in the offering, the number of ordinary shares in the offering was decreased on a one-for-one basis. Aggregate gross proceeds to the company were approximately $4M. The transaction closed on March 24, 2026. The company intends to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital. Following completion of the offering, the company has 28,760,239 ordinary shares issued and outstanding, assuming the exercise of all pre-funded warrants issued in the offering. Aegis Capital Corp. acted as exclusive placement agent for the offering. Greenberg Traurig, P.A. and Gornitzky & Co. acted as co-counsels to the company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp.

ParaZero announced that it has entered into a definitive agreement in a registered direct offering with a single institutional investor for the purchase and sale of approximately $4M of ordinary shares and pre-funded warrants at a price of 75c per ordinary share. The offering consisted of the sale of 5,333,333 ordinary shares at a public offering price of 75c per ordinary share. The pre-funded warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each pre-funded warrant sold in the offering, the number of ordinary shares in the offering will be decreased on a one-for-one basis. Aggregate gross proceeds to the company are expected to be approximately $4M. The transaction is expected to close on or about March 24, subject to the satisfaction of customary closing conditions. The company expects to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital. Following completion of the offering, the company will have 28,760,239 ordinary shares issued and outstanding, assuming the exercise of all pre-funded warrant issued in the offering. Aegis Capital Corp. is acting as exclusive placement agent for the offering.

ParaZero announced the signing of a strategic cooperation agreement with BonV Aero, an Indian aerospace and defense technologies manufacturer and distributor. Under the agreement, BonV Aero will market ParaZero's portfolio of advanced counter-UAS solutions in India, with a primary focus on the company's DefendAir system. As part of the newly established cooperation, ParaZero and BonV Aero conducted a live demonstration of the portable DefendAir launcher to a key security entity in India. The cooperation also opens the door for future collaboration on integrating ParaZero's interception capabilities with additional counter-UAS applications and platforms.

ParaZero Technologies has received a new purchase order from an Israeli defense entity for its DefendAir Counter-Unmanned Aerial Systems solution.