Stocks

Draganfly Sets Terms for $3.6 Million Public Offering

Published February 22, 2024

Saskatoon, SK—Draganfly Inc. DPRO, a leading developer of drone solutions and systems, has officially announced the terms for its new underwritten public offering. The company aims to raise US$3.6 million to support its growth initiatives and further development of innovative drone technologies. The move comes as part of Draganfly's ongoing efforts to expand its market presence and enhance shareholder value.

Details of the Offering

The underwritten public offering is meticulously structured, providing investors with an opportunity to purchase shares of DPRO directly from the company. The pricing of the offering was carefully determined to be attractive to both the company and potential investors. Draganfly believes that the funds raised will be instrumental in advancing its product development and scaling operations.

Positive Outlook for Draganfly

With a robust portfolio of drone technologies and a strong market position, DPRO is positioning itself to capture a significant share of the rapidly growing drone market. The company's strategic decision to pursue an underwritten public offering reflects its commitment to building long-term value for its stakeholders. Draganfly's management expresses confidence in their strategic plan and the future prospects of the company.

Draganfly, offering, drone