Core Insights - ParaZero Technologies Ltd. is transitioning to Phase II of its Precision Airdrop System project, following the successful completion of Phase I with the Israeli Ministry of Defense [1][4] - Phase II will focus on delivering pilot systems for further operational testing in various scenarios [2] - The DropAir system features an innovative parachute mechanism that ensures minimal drift and high accuracy during airdrops, with successful test results demonstrating the resilience of sensitive payloads like blood units [3][5] Company Overview - ParaZero Technologies is a leading developer of autonomous parachute safety systems for both commercial and military applications, founded in 2014 by aviation professionals and drone industry veterans [6] - The Precision Airdrop System aims to revolutionize drone-based logistical support, providing precise and secure delivery of supplies in challenging environments, adaptable to various drone platforms [5][6]

Core Viewpoint - ParaZero Technologies Ltd. has successfully closed a registered direct offering, raising approximately $3.1 million through the sale of ordinary shares and pre-funded warrants at a price of $1.10 per share [1][3]. Group 1: Offering Details - The offering included the sale of 2,518,182 ordinary shares and 300,000 pre-funded warrants, with the public offering price set at $1.10 per ordinary share [2]. - The pre-funded warrants are immediately exercisable and can be exercised at any time until fully exercised [2]. Group 2: Financial Proceeds and Use - The aggregate gross proceeds from the offering amounted to approximately $3.1 million, with the transaction closing on February 13, 2025 [3]. - The company plans to utilize the net proceeds from the offering, along with existing cash, for general corporate purposes and working capital [3]. Group 3: Legal and Advisory Information - Aegis Capital Corp. served as the exclusive placement agent for the offering, while Greenberg Traurig, P.A. and Gornitzky & Co. acted as co-counsels to the company [4]. - The offering was conducted under an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission [4]. Group 4: Company Overview - ParaZero Technologies Ltd. specializes in developing autonomous parachute safety systems for both commercial and military applications, including urban air mobility aircraft [6]. - The company was founded in 2014 by a group of aviation professionals and drone industry veterans, focusing on enabling safe flight operations over populated areas and beyond-visual-line-of-sight [6].

Core Viewpoint - ParaZero Technologies Ltd. has announced a registered direct offering with institutional investors, raising approximately $3.1 million through the sale of ordinary shares and pre-funded warrants at a price of $1.10 per share [1][3]. Summary by Sections Offering Details - The offering includes the sale of 2,818,182 ordinary shares or pre-funded warrants at a public offering price of $1.10 per ordinary share [2]. - Pre-funded warrants are immediately exercisable and can be exercised at any time until fully exercised, with a minimal exercise price of $0.00001 [2]. Financial Proceeds - The aggregate gross proceeds from the offering are expected to be around $3.1 million, with the transaction anticipated to close on or about February 13, 2025, pending customary closing conditions [3]. Use of Proceeds - The net proceeds from the offering, along with existing cash, are intended for general corporate purposes and working capital [3]. Legal and Regulatory Information - Aegis Capital Corp. is acting as the exclusive placement agent for the offering, with Greenberg Traurig, P.A. and Gornitzky & Co. serving as co-counsels [4]. - The offering is made under an effective shelf registration statement previously filed with the SEC, and a final prospectus supplement will be available on the SEC's website [4]. Company Background - ParaZero Technologies Ltd. specializes in autonomous parachute safety systems for commercial and military applications, aiming to enhance safety in flight operations over populated areas and for various military uses [7].

Tel Aviv, Israel, Feb. 11, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, today announces preliminary unaudited results for the year ended December 31, 2024. The Company’s revenues for the year ended December 31, 2024 are expected to increase by approximately 45% and are expected to amount to approximately $900,000, compared to revenues of approx ...

Tel Aviv, Israel, Feb. 11, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, recently announced that it has gained another impressive achievement with its DropAir Precision airdrop system. The Company announced last week the successful demonstration of the DropAir system in collaboration with a leading global defense company. The demonstration showc ...

TEL AVIV, Israel, Feb. 11, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, announced today that its SafeAir systems, integrated with the DJI Matrice 350, DJI Mavic 3T and DJI Mavic 3E, have successfully achieved CE Class C5 compliance. This achievement marks a significant advancement in drone safety and regulatory readiness, particularly within t ...

Tel Aviv, Israel, Feb. 07, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, is set to attend in IDEX UAE 2025, one of the world’s premier defense and security exhibitions. IDEX UAE, held in Abu Dhabi from February 17-21, 2025, serves as a strategic platform for defense companies to engage with global military. As drone technology continues to evolv ...

Tel Aviv, Israel, Feb. 05, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, announced today the successful demonstration of its DropAir Precision airdrop system in collaboration with a leading global defense company. The demonstration showcased the DropAir system’s ability to safely and precisely deliver critical supplies under challenging operatio ...

ParaZero’s cutting-edge safety solutions support industry-leading BVLOS drone operations, marking a significant step forward in the integration of drones into national airspace. Tel Aviv, Israel, Feb. 03, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, announced a significant milestone in the advancement of drone operations. A leading drone soluti ...

ParaZero's cutting-edge safety solutions support industry-leading BVLOS drone operations, marking a significant step forward in the integration of drones into national airspace. Tel Aviv, Israel, Feb. 03, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (NASDAQ:PRZO) (the "Company or "ParaZero"), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, announced a significant milestone in the advancement of drone operations. A leading drone solutio ...