Draganfly Inc. (NASDAQ: DPRO) priced a registered direct offering of 7,150,000 common shares (or pre‑funded warrants) at $7.00 per share, targeting gross proceeds of approximately $50 million. The offering is expected to close on or about February 27, 2026, subject to customary closing conditions.
The company will use the net proceeds for general corporate purposes, including funding demand for new products, growth initiatives, working capital, and potential acquisitions. Draganfly’s financial statements show a 3‑year revenue decline of 31.1%, with revenue of $5.32 million and operating and net losses of 226.95% and 243.26%, respectively. Gross margin stands at 19.54%, below industry norms, while a strong liquidity position—current ratio of 11.8—provides a cushion for the capital raise.
The capital infusion is critical to address the company’s profitability challenges and to support its strategic focus on expanding military and public‑safety drone solutions. Recent contracts, such as a U.S. Air Force Special Operations Command agreement for Flex FPV drones and training, underscore the demand for Draganfly’s products in high‑value defense markets. The company’s management has emphasized the need to strengthen its financial resources to fund new product development, pursue acquisitions, and invest in research and development.
Management has highlighted that the $50 million raise will help Draganfly maintain its growth trajectory while navigating the current margin pressures and revenue decline. The funding will enable the company to accelerate its product pipeline, support ongoing defense contracts, and position itself for future opportunities in the expanding military and public‑safety sectors.
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