Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A), an award-winning developer of drone solutions, software, and robotics, announced it’s closing of it’s registered direct offering raising approximately US$50.0 million in gross proceeds, before deducting placement agent discounts and offering expenses.
The offering consists of 7,150,000 common shares (or pre-funded warrants in lieu thereof) priced at US$7.00 per share.
Net proceeds from the offering are intended to be used for general corporate purposes, including funding the Company’s capabilities to meet demand for new products, supporting growth initiatives, continuing development and marketing of core products, potential acquisitions, research and development, and working capital requirements.
Maxim Group LLC is acting as lead placement agent for the offering, with Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. serving as co-placement agents.
Lucosky Brookman LLP served as counsel to Draganfly Inc. in connection with the registered direct offering.
