Boumarang Files for Public Offering After AI and Hydrogen Drone Breakthroughs
Boumarang, Inc. has taken a major step forward by filing a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC). The move marks an important phase in the company’s growth as it prepares for a public securities offering. While the filing is now public, it has not yet been declared effective by regulators.
The company’s latest SEC filing follows a series of strategic developments. In recent months, Boumarang secured key licensing agreements with Trust Stamp (NASDAQ: IDAI) to integrate AI-powered technologies into its unmanned aerial vehicle (UAV) systems. These enhancements will improve autonomous navigation, real-time surveillance, and secure delivery operations.
Boumarang’s technology portfolio includes proprietary hydrogen fuel cell systems, which extend flight endurance, enable rapid refuelling, and cut emissions compared to battery-powered drones. The company has also expanded beyond aerial applications by acquiring the Wavedrone platform, adding maritime capabilities to its offerings.
Led by industry veterans with expertise in drone technology, capital markets, and strategic operations, Boumarang is targeting growth across commercial, infrastructure, humanitarian, and defence sectors. The global drone market, valued at around $28 billion in 2023, is forecast to reach over $166 billion by 2031, growing at an annual rate of roughly 25%.
Looking ahead, the company plans to roll out its business strategy in fiscal year 2026, focusing on hydrogen propulsion, advanced AI integration, and multi-domain platform expansion.
The Form S-1 filing reflects Boumarang’s push for transparency and compliance as it moves toward a public offering. Once effective, the registration will allow the company to proceed with its securities plan. Meanwhile, its technology advancements and market positioning aim to capture a share of the rapidly expanding drone industry.
