BUZZ - Draganfly rises after receiving a $10 million investment from a company related to Trump's son

September 28 - ** Shares of Canadian drone services company Draganfly Inc (DPRO.O), listed in the United States, rose 4.3% before Monday’s market open to $5.58, after reports that the company completed a $10 million equity financing

** DPRO stated that, (link) Unusual Machines UMAC.A (whose advisory board includes Donald Trump Jr.) and an unnamed U.S. investment fund each invested $5 million in the company

** Through a registered direct offering, (link) approximately 1.9 million shares were issued at $5.35 per share, matching the stock’s last closing price on Friday

** DPRO plans to use the net proceeds from this offering to accelerate the development of advanced strategic capabilities and to supplement general working capital

** Jett Capital Advisors and Northland Capital Markets served as joint lead underwriters

** This investment comes as concerns about potential conflicts of interest prompt scrutiny of the Trump family’s investments in several companies, especially in defense firms where they hold stakes and which frequently bid on government contracts

** UMAC shares fell 1.5% pre-market to $23.68

** DPRO has about 37.15 million outstanding shares, with a market capitalization of around $200 million

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