Draganfly Inc. (NASDAQ: DPRO) is bulking up its balance sheet and its production ambitions at the same time. The company said Monday that Unusual Machines Inc. (NYSE: UMAC) and a leading U.S. investment fund will each invest $5 million, bringing the total strategic investment to $10 million.
The money comes as commercial and defense demand for drones expands across the U.S., Canada and international markets. Draganfly plans to use the net proceeds to accelerate development of advanced strategic capabilities and provide working capital as demand for its products grows.
Draganfly Targets Production And Capability Expansion
The investment lands as Draganfly expands commercial and defense activity in the U.S. and Canada, including recent procurement milestones with the Canadian Armed Forces and continued growth in its U.S. defense operations.
Draganfly CEO and Chairman Cameron Chell said customer adoption, government procurement, domestic manufacturing, defense autonomy and strategic industry participation are increasingly converging across the drone market.
Chell said the investment focuses on aligning complementary capabilities rather than the size of the transaction. He said the relationship positions the companies to meet industry requirements at scale in domestic and international markets.
Unusual Machines Backs Domestic Drone Manufacturing
Unusual Machines CEO Dr. Allan Evans said the U.S. and its allies increasingly view the ability to manufacture drones, components and autonomous systems at scale as a strategic capability.
Evans said Unusual Machines' investment will support Draganfly's production growth and deepen the companies' supplier relationship.
Draganfly said the investment also marks an important step in the development of the U.S. and international drone supply chain and broader industry ecosystem.
Offering Priced At $5.35 Per Share
The registered direct offering will cover 1,869,159 Draganfly common shares at $5.35 per share, generating approximately $10 million in gross proceeds before placement-agent discounts and offering expenses.
The offering price matches Draganfly's closing share price on Friday, Sept. 25, 2026.
Jett Capital Advisors LLC and Northland Capital Markets are serving as joint lead placement agents.
Draganfly expects the transaction to close on or about Sept. 30, 2026, subject to customary closing conditions and required regulatory approvals, including approval from the Canadian Securities Exchange and notification to Nasdaq.
Price Action: Draganfly shares were up 2.80% at $5.50, and Unusual Machines shares were down 2.00% at $23.57 during premarket trading on Monday, according to market data.
