Draganfly Inc., an award-winning developer of drone solutions, software, and robotics, has successfully closed its previously announced $25 million U.S. public offering through the sale of 4,672,895 units, priced at $5.35 per unit. Each unit consists of one common share and one common share purchase warrant, exercisable immediately at CA$7.3579 per share, and expiring five years from the date of issuance.
The Company intends to use the net proceeds to support growth initiatives, including expanding production capabilities, funding R&D and marketing efforts, pursuing potential acquisitions, and meeting increased demand for its new product lines.
Lucosky Brookman LLP served as U.S. legal counsel to Draganfly Inc. Maxim Group LLC acted as the sole placement agent for the offering.
