Financing ·
Draganfly raises $10 million from registered direct offering of 1.87 million shares at $5.35
DPRODraganfly Inc.
Draganfly Inc. announced the closing of a registered direct offering, raising approximately US$10 million in gross proceeds. The company issued 1,869,159 common shares at a price of US$5.35 per share to investors. Jett Capital Advisors, LLC and Northland Capital Markets served as joint-lead placement agents for the transaction. Draganfly intends to use the net proceeds, after deducting discounts and expenses, to accelerate the development of advanced strategic capabilities and fund general working capital to meet demand in U.S. and international markets. The company operates in the drone solutions industry, developing systems and technologies for public safety, military, agriculture, and industrial inspection.