Draganfly shares are trading lower after the company announced pricing of a $3.6 million underwritten public offering.
Portfolio Pulse from Benzinga Newsdesk
Draganfly Inc. announced the pricing of a $3.6 million underwritten public offering, leading to a decrease in its share price.
February 22, 2024 | 3:14 pm
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Draganfly Inc. announced a $3.6 million underwritten public offering, causing its shares to trade lower.
Public offerings often lead to a decrease in share price due to the dilution of existing shares. Draganfly's announcement of a $3.6 million underwritten public offering is likely to have a similar effect, causing short-term negative pressure on its stock price.
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