Draganfly rises after $10 million stock deal with Trump Jr.-backed Unusual Machines, U.S. fund
DPRO•Draganfly said Unusual Machines and an unnamed U.S. investment fund each invested $5 million in a $10 million equity offering. The offering covers about 1.9 million shares priced at $5.35 each.
1. Equity offering
Draganfly said Unusual Machines, which has Donald Trump Jr. on its advisory board, and an unnamed U.S. investment fund each invested $5 million. The registered direct offering covers about 1.9 million shares at $5.35 each; Draganfly plans to use the net proceeds to accelerate development of advanced strategic capabilities and fund general working capital.
