Draganfly shares are trading lower after the company announced a $2 million direct offering of 16.6 units priced at $0.12 per share.
Portfolio Pulse from Benzinga Newsdesk
Draganfly shares fell after announcing a $2 million direct offering of 16.6 million units at $0.12 per share.
August 20, 2024 | 12:45 pm
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Draganfly's stock price declined due to the announcement of a $2 million direct offering, which involves issuing 16.6 million units at $0.12 per share.
The direct offering increases the number of shares available, potentially diluting existing shareholders' value, leading to a negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100