Draganfly completes US$50 million follow-on offering at US$7 per share
DPRO•Follow-on offering completed
Draganfly completed a U.S. follow-on offering of 7,150,000 common shares or pre-funded warrants at US$7 per security.
Gross proceeds totaled about US$50 million, before placement agent discounts and offering expenses.
Use of proceeds and placement agents
Net proceeds are earmarked for general corporate purposes, including product growth initiatives, working capital, potential acquisitions and R&D.
Maxim Group led the placement, with Raymond James Ltd. and Ladenburg Thalmann as co-placement agents.
