Drone Maker Draganfly Soars on $10 Million Strategic Investment
Draganfly's stock price jumped about 5% in premarket trading Monday after announcing a $10 million strategic investment. The funding comes from Unusual Machines (UMAC) and an unnamed U.S. investment fund, each contributing $5 million.
The shares are priced at $5.35 per share, based on Friday's close, with the deal set to close on or around September 29, 2026, pending usual closing conditions and regulatory approvals.
Draganfly plans to use the investment to accelerate development of its strategic capabilities and meet growing product demand.