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DPRO - Draganfly stock slides on proposed securities offering
Draganfly Inc.
2023-03-29 05:19:11 ET
Draganfly ( NASDAQ: DPRO ) shares fell 18% premarket on Wednesday after the drone solutions company proposed an underwritten public offering to raise growth capital.
Terms of the offering, including size, are yet to be determined.
The company plans to use proceeds from the sale for growth initiatives and/or for working capital requirements including the continuing ?development and marketing of its core products, potential acquisitions and research ?and development.