Draganfly Successfully Closes US$3.5 Million Offering, Accelerating Growth and Innovation

Pioneers in Drone Technology

Draganfly, a renowned leader in the drone solutions industry, with a history dating back to 1998, has taken a significant step forward. The company has successfully closed an underwritten offering, raising approximately US$3.5 million in gross proceeds. This achievement is a testament to Draganfly's unwavering commitment to innovation and excellence.

The Offering's Key Highlights

The offering comprised 4,800,000 units, each priced at US$0.55, and 1,600,000 pre-funded units at a price of US$0.5499. Each unit includes a common share and a common share purchase warrant, providing investors with exciting opportunities. The warrants allow the purchase of additional common shares at an attractive exercise price of US$0.6123, expiring on October 30, 2028. Meanwhile, pre-funded units are bundled with pre-funded common share purchase warrants, further diversifying investment potential.

Driving Innovation and Expansion

The net proceeds from this offering will fortify Draganfly's efforts to meet the surging demand for their cutting-edge products and fuel their growth initiatives. Draganfly's innovative approach extends beyond product development; it encompasses core products, potential acquisitions, and robust research and development. These strategic investments promise not only exciting opportunities for investors but also substantial contributions to the ever-evolving drone solutions industry.

Regulatory Compliance and Maxim Group's Role

The offering was made under a meticulously prepared shelf registration statement, demonstrating Draganfly's commitment to transparency and regulatory compliance. Maxim Group LLC, acting as the sole book-running manager, has played a pivotal role in facilitating this offering, underscoring the strength and credibility of Draganfly's partnerships within the industry.

Charting a Course for the Future

Draganfly's journey is marked by its unwavering commitment to cutting-edge drone solutions, software, and AI systems. This successful offering reinforces their dedication to revolutionizing how organizations conduct business and serve their stakeholders. With an infusion of funds, they are poised to take drone technology to new heights.

Conclusion:

In closing, Draganfly's recent accomplishment in closing the US$3.5 million offering demonstrates its resilience and capacity for growth in the ever-evolving drone solutions industry. With a history dating back to 1998, the company continues to lead in public safety, agriculture, energy, and defense sectors. The offering's success paves the way for enhanced capabilities, innovative products, and potential acquisitions, promising a bright future for both investors and the broader business community. Draganfly's commitment to innovation remains unwavering, further solidifying its position as a pioneering force in the world of drone technology.

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