Draganfly Announces $13.75 Million Public Offering to Enhance Growth

Draganfly ( (TSE:DPRO) ) just unveiled an update.

Draganfly Inc. announced the pricing of its public offering of 5,500,000 units at US$2.50 each, aiming to raise approximately US$13.75 million. The proceeds will be used for general corporate purposes, including funding new product demand, growth initiatives, and working capital. The offering is expected to close on June 12, 2025, subject to customary closing conditions and regulatory approvals. This move is expected to bolster Draganfly’s operational capabilities and market positioning by supporting the development and marketing of its core products.

The most recent analyst rating on (TSE:DPRO) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Draganfly stock, see the TSE:DPRO Stock Forecast page.

Spark’s Take on TSE:DPRO Stock

According to Spark, TipRanks’ AI Analyst, TSE:DPRO is a Neutral.

Draganfly’s overall stock score is primarily impacted by its challenging financial performance, characterized by stagnant revenue and significant losses. While technical indicators suggest strong market momentum, the valuation highlights earnings difficulties. The earnings call provides some optimism through strategic partnerships and growth initiatives, but financial challenges continue to weigh heavily.

To see Spark’s full report on TSE:DPRO stock, click here.

More about Draganfly

Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, the company provides technology solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. Draganfly is committed to delivering efficient and reliable technology that helps organizations save time, money, and lives.

Average Trading Volume: 9,628

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$27.5M

For a thorough assessment of DPRO stock, go to TipRanks’ Stock Analysis page.