DPRO - Why Draganfly (DPRO) Shares Are Down Nearly 50% | Benzinga

Draganfly Inc. (NASDAQ:DPRO) shares are trading lower by 48.4% to $0.18 during Thursday’s session after the company announced pricing of a $3.6 million underwritten public offering.

The public offering of 13.4 million units at $0.27 per unit totals approximately $3.6 million in gross proceeds. Each unit includes one common share (or pre-funded warrant) and one warrant to purchase one common share at $0.36 with a five-year expiration.

Maxim Group LLC is the sole book-running manager. Draganfly intends to use the net proceeds for general corporate purposes, including product development, growth initiatives, working capital, potential acquisitions and research and development.

The offering is expected to close around February 26, subject to customary closing conditions and ...

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