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Draganfly Up Near 13% In US Pre-market After Announcing Additional Exercise of Over-Allotment Option
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Draganfly Up Near 13% In US Pre-market After Announcing Additional Exercise of Over-Allotment Option
Jun 9, 2025 4:39 AM

07:29 AM EDT, 06/09/2025 (MT Newswires) -- Draganfly ( DPRO ) , a drone-solutions, and systems developer, was at last look up near 13% in U.S.- pre-market trading after the company over the weekend said further to the closing of its US$3.6 million underwritten public offering on May 5, Maxim Group, partially exercised their over-allotment option to buy additional common shares.

Maxim bought an additional 100,000 common shares at US$2.09 per share for US$209,000 prior to deducting underwriter discounts and commissions.

As previously announced, Draganfly ( DPRO ) intends to use the net proceeds from the offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the company's core products, potential acquisitions and research and development.

U.S.-listed shares of the company were last seen up $0.38 at $3.350 in pre-market trading. This comes after the stock jumped 22% in regular hours on Friday.

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