Draganfly closes us$8.0 million underwritten public offering to secure growth capital

Los angeles, ca., march 31, 2023 (globe newswire) -- draganfly inc. (nasdaq: dpro) (cse: dpro) (fse: 3u8) (“draganfly” or the “company”), a drone solutions and systems developer, announced the closing of a firm commitment underwritten public offering with gross proceeds to the company expected to be us$8.0 million, before deducting underwriting discounts and other estimated expenses payable by the company. the offering consisted of 8,000,000 common shares at a price to the public of us$1.00 per share. the company intends to use the net proceeds from this offering for general corporate purposes, including to fund its capabilities to meet ‎demand for its new products ‎including growth initiatives and/or for working capital requirements ‎including the continuing ‎development and marketing of the company's core products, potential ‎acquisitions and research ‎and development‎.
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