UAS Drone Corp. (OTCPK:USDR) announced that it has entered into securities purchase agreements for a private placement of an aggregate of 12,500,000 common shares, par value $0.0001 per share, at a price of $0.4 per share for gross proceeds of $5,000,000 on May 11, 2021. The transaction included participation from eight non-U.S. investors. In addition, the company issued warrants to purchase 12,500,000 common shares. The warrants are exercisable immediately and for a term of 18 months and have an exercise price of $0.4 per share. The securities issued are exempt from the registration requirements of the Securities Act of 1933, as amended pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D.