Draganfly Initiates Public Offering in the U.S. to Propel Innovation and Growth
In a significant move, Draganfly Inc., a prominent player in the drone solutions and systems development industry, has announced the launch of a public offering in the United States. This strategic decision aims to raise capital for expanding the company’s capabilities and enhancing its product lineup. Below, we delve into the details of this development, exploring what it means for the company and its stakeholders.
An Overview of the Offering
The public offering, referred to as "the Offering," is structured to include units of common shares or pre-funded warrants, along with additional warrants to purchase common shares. These financial instruments are subject to market conditions, which means their availability and terms will depend on the current financial environment. Maxim Group LLC has been appointed as the sole book-running manager for the Offering, a role that involves overseeing the administrative aspects of the process and ensuring all regulatory requirements are met.
Purpose and Allocation of Proceeds
Draganfly has outlined a clear plan for utilizing the net proceeds from the Offering. The primary objectives include funding general corporate activities, expanding capabilities to meet the growing demand for new products, and supporting various growth initiatives. Additionally, the funds will be allocated to working capital needs, the ongoing development and marketing of core products, exploration of potential acquisitions, and investment in research and development.
Regulatory and Market Considerations
The success of the Offering is contingent upon satisfying customary closing conditions, including obtaining all necessary regulatory approvals. This includes permissions from the Canadian Securities Exchange and notifications to the Nasdaq Stock Market. However, it’s important to note that the Offering is subject to prevailing market conditions, which means there is no guarantee regarding the timing, size, or terms of the Offering.
The securities will be offered exclusively in the United States, adhering to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a corresponding Canadian short form base shelf prospectus. It’s crucial to highlight that no securities will be offered or sold to Canadian purchasers, ensuring compliance with regional financial regulations.
Detailed Documentation and Accessibility
In line with regulatory requirements, Draganfly will file a preliminary prospectus supplement and an accompanying Base Shelf Prospectus with relevant securities commissions in Canada and the SEC in the United States. These documents will provide comprehensive information about the terms of the Offering and will be available for public access on the SEDAR+ and SEC websites.
For interested parties, copies of the prospectus supplement and Base Shelf Prospectus can be obtained from Maxim Group LLC, the designated syndicate department. This ensures transparency and accessibility for potential investors, allowing them to make informed decisions based on detailed financial and strategic information.
Understanding Draganfly’s Legacy and Vision
Draganfly Inc. has established itself as a trailblazer in the field of drone technology, AI-driven software, and robotics. With over 25 years of innovation, the company has consistently been at the forefront of technological advancements, providing solutions across various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying.
Draganfly’s commitment to delivering efficient and reliable technology underscores its mission to help organizations save time, resources, and, most importantly, lives. The company’s reputation for industry-leading solutions positions it as a trusted partner for businesses and organizations looking to harness the power of drone technology.
Forward-Looking Statements and Associated Risks
It’s important to acknowledge that certain statements within this announcement may be classified as "forward-looking statements" or "forward-looking information" within the context of applicable securities laws. These statements, while based on current management expectations, inherently involve numerous risks, uncertainties, and assumptions.
The forward-looking statements in this announcement pertain to various aspects, including the timing, size, and expected proceeds of the Offering, as well as the satisfaction of customary closing conditions. Readers are advised to exercise caution and not place undue reliance on these statements, as actual future events may differ materially from those anticipated.
Conclusion: A Strategic Move for Future Growth
Draganfly’s decision to initiate a public offering in the United States marks a significant step in its journey toward expansion and innovation. By raising capital through this Offering, the company aims to enhance its capabilities, meet growing market demands, and continue its legacy of technological excellence.
As the Offering progresses, stakeholders and potential investors are encouraged to review the detailed prospectus documents and stay informed about the company’s ongoing developments. With a strong foundation and a clear vision for the future, Draganfly is poised to make significant strides in the dynamic landscape of drone technology and beyond.
For more information and access to official documents, interested parties can visit the SEDAR+ and SEC websites. This announcement reflects Draganfly’s commitment to transparency and its dedication to creating value for its investors and clients alike.
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