09:50 AM EDT, 05/02/2025 (MT Newswires) -- Draganfly ( DPRO ) , a developer of drone solutions and systems, on Friday fell 39% after it priced its previously announced underwritten US3.6 million public offering.

The shares were last seen down $1.55 at $2.40.

The units, which consists of one common share and one warrant to buy one common share, will be sold at US$2.10. The warrants will have an exercise price of US$2.875 per share, are exercisable immediately and will expire five years following the date of issuance.

The company granted the underwriter a 45-day over-allotment option to buy up to an additional 15% of the number of common shares and/or warrants offered in the offering.

Draganfly ( DPRO ) intends to use proceeds from the offering, which is expected to close on or about May 5, for general corporate purposes.

Price: 2.63, Change: -1.32, Percent Change: -33.42