Draganfly Prices 2M Registered Direct Offering With A Single Institutional Investor To Purchase 16.6M Units Sold At A Public Offering Price Of $0.12
Portfolio Pulse from Benzinga Newsdesk
Draganfly Inc. has announced a securities purchase agreement with a single institutional investor for 16.6 million units at $0.12 each, raising approximately $2 million. The units include common shares and warrants, with Maxim Group LLC as the sole placement agent.
August 20, 2024 | 12:08 pm
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Draganfly Inc. has entered into a securities purchase agreement with an institutional investor for 16.6 million units at $0.12 each, raising $2 million. This offering may impact the stock price due to dilution and investor sentiment.
The issuance of new shares can lead to stock dilution, which often results in a short-term decrease in stock price. The offering price of $0.12 is below the current market price, which may also affect investor sentiment negatively. However, the funds raised could be used for growth, potentially offsetting some negative impacts.
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