16 Best New Tech Stocks With Huge Upside Potential

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4. Unusual Machines Inc. (NYSE:UMAC)

Number of Hedge Fund Holders: 2

Average Upside Potential as of July 10: 107.13%

Unusual Machines Inc. (NYSE:UMAC) is one of the best new tech stocks with huge upside potential. Recently, Unusual Machines signed a definitive agreement, which was effective June 12, to acquire Rotor Lab, which is an Australian developer and manufacturer of electric motors and propulsion systems for unmanned aerial systems/UAS.

The proposed acquisition is valued at $7 million, structured primarily as an all-stock deal, and includes a $3 million earnout component. Rotor Lab is recognized for providing high-performance motors for both commercial and defense drone applications. Unusual Machines and Rotor Lab have already been collaborating for nearly a year, co-developing a family of motors including the 2207, 2807, and 3220 sizes.

These motors are slated to be among the first to enter production at Unusual Machines’ new US-based motor factory in Orlando, Florida, which is expected to begin operations in September this year.  Following the acquisition, Rotor Lab’s existing facility in Canberra, Australia, will remain operational.

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