Aerodrome is set to receive a 41 million NIS investment from a group of investors led by Ronen Elad, acquiring approximately 32% of the company and becoming the controlling shareholder.

Aerodrome announced a private placement in which investors will be allocated about 35% of the company for roughly 41 million NIS as its share price and market cap rose sharply from a prior low.

IBI Investment House joined Aerodrome’s investor group and will inject approximately 6.8 million NIS into the company, increasing its holding to around 7%.

AgEagle Aerial Systems agreed to a private placement to acquire about 7% of Aerodrome, indicating a strategic relationship between the UAV-focused companies.

Aerodrome offers aerial intelligence solutions that collect, process, and analyze information from the air using UAVs, advanced software, and artificial intelligence applications for civil and security markets, including observation and mapping services.

Aerodrome operates UAVs for customers as an intelligence service provider and serves as a technological partner for security customers in sensing and navigation, while also running a training academy for UAV pilots.

Aerodrome maintains a main office in Petach Tikva and a branch office in Jerusalem, indicating multi-site operations within Israel.

Aerodrome has been headed by CEO Mishel Ben Baruch for at least a year at the time of the Globes report, reflecting a relatively recent leadership tenure during its capital-raising and growth phase.