Lucosky Brookman Represents Maxim Group, LLC in $3.76 Million Public Offering
Draganfly Inc. (NASDAQ: DPRO), a pioneer in drone solutions and systems development, has successfully closed a $3.76 million firm commitment registered public offering. The offering, which demonstrates continued investor confidence in the drone technology sector, consisted of 1,600,000 units priced at $2.35 per unit.
Each unit comprised one common share (or one pre-funded warrant) and one warrant to purchase one common share at an exercise price of CA$3.3086 (US$2.35), exercisable immediately with a five-year term. Maxim Group LLC served as the sole placement agent, with legal counsel provided by Lucosky Brookman LLP.
In conjunction with the offering, Draganfly amended the exercise price of its existing warrants from previous offerings to CA$3.3086 (US$2.35) per share through an amendment agreement with warrant holders.
The net proceeds will support Draganfly's strategic initiatives, including:
- Development and marketing of core products
- Potential acquisitions
- Research and development expansion
- Working capital requirements
The offering was conducted under Draganfly's effective shelf registration on Form F-10 and Canadian short form base shelf prospectus. This financing positions Draganfly to accelerate its growth in the evolving drone technology landscape and strengthen its market presence as a leading developer of drone solutions and systems.
Maxim Group LLC acted as sole placement agent for the offering. Lucosky Brookman LLP served as counsel to Maxim Group LLC in this transaction.