Information
Saskatoon, SK., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ:DPRO) (CSE:DPRO) (FSE: 3U8A) ("Draganfly" or the "Company"), an award-winning developer of drone solutions, software, and robotics, today
Original sourceAI Summary
Draganfly Inc. is initiating a registered direct offering of approximately 7.15 million shares at $7.00 each, targeting gross proceeds of about $50 million. The funds will finance product development and potential acquisitions, which could enhance growth prospects as the offering is expected to close around February 27, 2026.
Sentiment Rationale
The capital raised may improve financial stability and bolster growth initiatives, reflecting positively on investor sentiment, similar to past capital raises in the tech sector that led to stock appreciation following successful deployments.
Trading Thesis
CSE:DPRO is poised for potential price recovery following the equity offering announcement.
Market-Moving
- The $50 million capital raise will strengthen Draganfly's financial position.
- Proceeds are earmarked for key product development initiatives, driving long-term growth.
- Market perception could shift positively if the offering closes successfully and leads to growth.
Key Facts
- Draganfly announces a registered direct offering of 7.15 million shares.
- Shares priced at $7.00, raising about $50 million before expenses.
- Proceeds to fund product development, acquisitions, and working capital.
- Offering expected to close by February 27, 2026, pending approvals.
- Maxim Group leads placement, with Raymond James and Ladenburg as co-agents.
Companies Mentioned
- Maxim Group LLC (N/A): Acting as lead placement agent for the offering.
- Raymond James Ltd. (N/A): Co-placement agent expected to support the offering.
- Ladenburg Thalmann & Co. Inc. (N/A): Co-placement agent involved in facilitating the share offering.
Corporate Developments
This news falls under Corporate Developments due to the announcement of a significant capital raising initiative, which can impact investor confidence and future growth narratives within the drone technology sector.