TLDR
- Draganfly (DPRO) shares rose about 5% in premarket trading Monday.
- The gain follows a $10 million strategic investment announcement.
- Unusual Machines (UMAC) and an unnamed U.S. investment fund each put in $5 million.
- Shares are priced at $5.35, based on Friday’s close.
- Wall Street has a Strong Buy consensus with a price target implying 87% upside.
Draganfly (DPRO) stock climbed roughly 5% in premarket trading Monday. The move came after the drone maker announced a $10 million strategic investment.
The money is split evenly between two parties. Unusual Machines (UMAC) is putting in $5 million, and a separate U.S. investment fund is contributing the other $5 million.
The investment is priced at $5.35 per share, based on Friday’s closing price. That works out to roughly 1.87 million common shares changing hands.
The deal is set to close on or around September 29, 2026. It still needs to clear the usual closing conditions and regulatory approvals.
Draganfly plans to use the cash to speed up development of its strategic capabilities. Some of it will also go toward general working capital as product demand grows.
A Familiar Backer
Unusual Machines is advised by Donald Trump Jr., who sits on its advisory board. The company makes drone motors and other control components.
UMAC’s CEO, Dr. Allan Evans, said the investment will support Draganfly’s production growth. He added it should also deepen the supplier relationship between the two companies.
Draganfly CEO and Chairman Cameron Chell framed the deal as strategic rather than just financial. He said it’s about aligning capabilities that can serve customers at scale, both domestically and abroad.
The company pointed to a busy stretch of commercial and defense activity in North America. That includes recent procurement milestones with the Canadian Armed Forces.
Draganfly also flagged continued expansion of its U.S. defense operations. The drone sector has drawn heavier investor interest as governments lean on autonomous systems.
Where the Stock Stands
Despite Monday’s pop, DPRO stock is down about 23% year to date. The rally doesn’t erase months of underperformance.
Analyst sentiment tells a different story than the chart. TipRanks shows a Strong Buy consensus on DPRO, based on four Buy ratings.
The stock’s consensus price target sits at $10. That implies upside of around 87% from current levels.
The highest individual price target on the stock is $14. That’s the bull case among the analysts tracked.
This isn’t Draganfly’s first trip to the capital markets this year. Back in February, the company raised $50 million through a share offering to fund growth plans and working capital.
The offering announced Monday is a registered direct deal. It falls under an effective shelf registration statement Draganfly already filed with the SEC.
Jett Capital Advisors and Northland Capital Markets are serving as joint-lead placement agents on the transaction. Both firms are handling the mechanics of getting the shares placed.
Draganfly’s drones serve a mix of buyers, from military and government agencies to farmers and rural police departments. The company has also supplied drones to Ukraine for mapping and humanitarian missions.
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