Draganfly, a Canadian provider of drones and related hardware, services, and solutions, raised $20 million by offering 5 million shares at $4, below the $5.63 as-converted last close of its shares on the CSE (DFLY, to be changed to DPRO). The company's shares are also listed on the Frankfurt Stock Exchange (3UB) and the OTCQB (DFLYF).
Draganfly is a product development, services, and solutions company serving the unmanned aerial vehicle or drone market. The company sells to various market verticals, providing sustainable, custom, and "off-the-shelf" hardware, services, and solutions to companies and government agencies. Its suite of products and services include quad-copters, fixed wing aircrafts, ground based robots, hand held controllers, flight training, and software used for tracking, live streaming, and data collection.
Draganfly plans to list on the Nasdaq under the symbol DPRO. ThinkEquity acted as sole bookrunner on the deal.
