Draganfly Prices 13,513,514 Unit Securities Purchase Agreement With Institutional Investor; Each Unit Was Sold At $0.259 For Gross Proceeds Of $3.5M
Portfolio Pulse from Benzinga Newsdesk
Draganfly Inc. has entered into a securities purchase agreement with an institutional investor, pricing 13,513,514 units at $0.259 each for total gross proceeds of $3.5 million. Each unit consists of one share of common stock and one warrant.

April 29, 2024 | 12:34 pm
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Draganfly Inc. has successfully secured $3.5 million in funding through a securities purchase agreement, indicating a potential for increased financial flexibility and growth opportunities.
The successful pricing of the securities purchase agreement and the acquisition of $3.5 million in funding could provide Draganfly with the necessary capital to fuel its growth strategies, invest in R&D, or expand its operations. This influx of capital is generally viewed positively by the market as it enhances the company's financial stability and growth prospects, potentially leading to a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100