Draganfly Inc. (NASDAQ: DPRO) completed a registered direct offering of 7,150,000 common shares at $7.00 each, raising gross proceeds of about $50 million. The transaction, finalized on February 27, 2026, was executed through Maxim Group LLC as lead placement agent, with Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. serving as co‑placement agents.
The offering was made under a shelf registration statement that became effective on February 25, 2026, and the securities were sold only to U.S. investors. Net proceeds will be used for general corporate purposes, including funding demand for new products, growth initiatives, working capital, and potential acquisitions. This capital infusion follows a period of comprehensive losses—$14.1 million for the year ended December 31, 2024—and a 21.3% gross margin, underscoring the need for additional liquidity to support expansion.
Draganfly has been shifting its focus toward military and government contracts, with military sales expected to represent a larger portion of future revenue. The company is also expanding production capacity, targeting $400 million in revenue by the end of 2026. The $50 million raise provides the financial flexibility to accelerate product development, meet growing demand, and pursue strategic acquisitions that could broaden its portfolio.
Analysts have mixed views on the company’s financial trajectory. While some maintain a “Strong Buy” stance, citing growth potential in defense markets, others highlight persistent losses and cash‑flow challenges. The capital raise is seen as a critical step to strengthen the balance sheet, but it also dilutes existing shareholders and will require disciplined use of funds to move toward profitability.
The offering’s timing and size make it a material event for investors, as it directly impacts Draganfly’s capital structure and future growth prospects. The company’s ability to deploy the proceeds effectively will be closely watched by stakeholders seeking to assess the path to sustainable earnings.
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