Draganfly to Present at LD Micro Main Event XVI and Receives Nasdaq Minimum Bid Notification

Leading drone solutions provider, Draganfly, gears up for the 16th annual LD Micro Main Event while addressing Nasdaq minimum bid requirements.

Los Angeles, CA – Draganfly Inc. (NASDAQ: DPRO), the trailblazing drone solutions and systems developer, is set to make its mark at the 16th annual LD Micro Main Event taking place at the Luxe Sunset Boulevard Hotel in Los Angeles from October 3 to 5, 2023. This prominent event will bring together over 200 industry professionals, investors, and entrepreneurs, creating a dynamic platform for growth opportunities and collaborative ventures.

Draganfly's President and CEO, Cameron Chell, will take the stage on October 3rd at 1 pm PST to present the company's innovative offerings and engage with like-minded individuals looking to explore new horizons.

Interested parties can register for the event through this link: LD Micro Main Event Registration.

In addition to this exciting development, Draganfly also received a notification from Nasdaq regarding its minimum bid price. The Nasdaq Listing Qualifications Department determined that the company's common shares did not meet the minimum bid price requirement of US$1.00 per share for continued listing on The Nasdaq Capital Market, as per Nasdaq Listing Rule 5550(a)(2). However, it's important to note that this notification has no immediate impact on Draganfly's common shares' listing on the Nasdaq Capital Market.

Draganfly has been granted a 180-calendar day Compliance Period, which extends until March 20, 2024, to regain compliance with Nasdaq's minimum bid price requirement. During this period, the company's common shares must maintain a minimum closing bid price of US$1.00 for at least ten consecutive business days.

Should Draganfly not regain compliance within the initial Compliance Period, it may be eligible for an additional 180-calendar day cure period. To qualify for this extension, the company must meet all initial listing standards for The Nasdaq Capital Market except for the bid price requirement. Draganfly will also need to provide written notice of its intent to cure the deficiency during the second compliance period, potentially through a reverse stock split if necessary. Failure to meet these requirements could result in delisting.

Importantly, this notification has no immediate impact on Draganfly's business operations or the listing and trading of its common shares on The Nasdaq Capital Market or the CSE, as long as the company complies with other listing requirements.

Draganfly continues to be a leading innovator in the drone solutions industry, serving diverse markets such as public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying. With a track record of over 24 years, Draganfly remains dedicated to delivering efficient solutions and world-class services worldwide, with a mission to save time, money, and lives.

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