Why Is Draganfly (DPRO) Stock Down 48% Today?

Draganfly (NASDAQ:DPRO) stock is falling hard on Thursday after the unmanned aerial vehicles manufacturing company revealed details for a public offering of its shares.Draganfly is selling 13,400,000 units for a price of 27 cents each. These units contain one share of DPRO stock and one warrant to acquire another of the company’s shares. The warrants have an exercise price of 36 cents per share, are exercisable immediately and expire five years after being issued.Draganfly notes that the public offering of ...