Draganfly (DPRO) said Monday it priced an offering of 1.6 million units for gross proceeds of about $3.8 million.
The company agreed to sell 1.6 million units to an unnamed institutional investor for $2.35 apiece. Each unit comprises one common share and one warrant to purchase one share, with each warrant exercisable at CA$3.31 ($2.36) per share.
Draganfly said it expects the offering to close Tuesday and plans to use the net proceeds for general corporate purposes.
The company's shares were up 11.5% in recent trading.
Price: 2.61, Change: +0.27, Percent Change: +11.50
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments