Draganfly closes US$10 million registered direct offering

  • Draganfly closed a registered direct offering of common shares.
  • US$10 million in gross proceeds came from 1,869,159 shares priced at US$5.35 each.
  • Draganfly said proceeds will fund strategic capabilities and general working capital.

Draganfly Inc. closed its previously announced registered direct offering of 1,869,159 common shares at US$5.35 per share, generating approximately US$10 million in gross proceeds before placement agent discounts and offering expenses. Jett Capital Advisors, LLC and Northland Capital Markets acted as joint-lead placement agents. Draganfly said it intends to use the net proceeds to accelerate advanced strategic capabilities and support working capital as it meets demand in rapidly maturing U.S. and international markets. The securities were offered and sold only in the United States under an effective Form F-10 shelf registration statement filed with the SEC (U.S. securities regulator) and a Canadian short form base shelf prospectus. The company said no securities were sold to Canadian purchasers and Nasdaq notification was not required.

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