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.
For further details see:
Draganfly stock slides on proposed securities offering