- Draganfly (NASDAQ/CSE:DPRO) will receive US$10 million from a top US investment fund and Unusual Machines (NYSEAM:UMAC), a top US drone supplier.
- The capital will support the company’s expansion efforts focused on the US defense and strategic international markets.
- Draganfly stock has given back 17.76% year-over-year and 92.85% since 2021.
Drone technology specialist Draganfly (NASDAQ/CSE:DPRO) will receive US$10 million from a top US investment fund and Unusual Machines (NYSEAM:UMAC), a top US drone supplier on track to be cash-flow positive, to fuel the company amid a period of rising demand across the commercial and defense sectors.
According to Monday’s news release, each company will contribute US$5 million at US$5.35 per share, the closing price on September 25, 2026, for a total of 1,869,159 common Draganfly shares.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The investment will go towards advancing Draganfly’s growing presence in the US defense industry, as well as key international markets, as highlighted by a recent procurement milestone with the Canadian Armed Forces.
Jett Capital Advisors and Northland Capital Markets are acting as placement agents for the offering, which is expected to close by September 29, 2026.
The investment follows Draganfly’s encouraging Q2, including numerous new deals, a 26% increase in revenue year-over-year and $131.9 million in cash to steer the company on a path to profitability.
Leadership commentary
“We are seeing the convergence of customer adoption, government procurement, domestic manufacturing, defense autonomy and strategic industry participation,” Cameron Chell, Chairman and Chief Executive Officer (CEO) of Draganfly, said in a statement. “This strategic investment from Unusual Machines and a leading US investment fund is about positioning, not size. It is about aligning capabilities that can best serve the industries’ requirements at scale domestically and abroad.”
“America and its allies are entering a period in which the ability to manufacture drones, components and autonomous systems at scale is becoming a strategic capability,” added Allan Evans, CEO of Unusual Machines. “This investment into Draganfly allows us to support their production growth and deepen our supplier relationships.”
About Draganfly
Draganfly provides drone solutions and software to customers across the world.
Draganfly stock (NASDAQ/CSE:DPRO) is up by 4.93% on the news trading at C$7.87 as of 9:50 am ET. The stock has given back 17.76% year-over-year and 92.85% since 2021.
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