Draganfly Inc. Announces Public Offering to Propel Growth and Innovation
In a significant move to bolster its financial resources, Draganfly Inc., a leader in drone technology and solutions, has announced the pricing of its latest underwritten public offering. This development, reported on May 2, 2025, aims to enhance the company’s capabilities and support its growth initiatives. This offering comprises 1,715,000 units, each consisting of one common share and an accompanying warrant to purchase an additional common share, at a public offering price of US$2.10 per unit. This strategic financial maneuver is expected to generate approximately US$3.6 million in gross proceeds, although this figure is before the deduction of underwriting discounts and associated offering expenses.
The warrants, a financial instrument that gives the holder the right to purchase additional shares at a set price, will be exercisable immediately upon issuance. They carry an exercise price of CA$3.9779, equivalent to US$2.875, per share and will remain valid for a period of five years. Furthermore, the company has granted the underwriter a 45-day option to purchase up to an additional 15% of the common shares and/or warrants offered in this round, potentially increasing the overall size of the offering.
Maxim Group LLC is taking the lead as the sole book-running manager for this public offering, overseeing the issuance and sale of the securities to investors. This role involves coordinating the offering and ensuring that all regulatory requirements are met.
Strategic Intentions and Expected Outcomes
Draganfly intends to utilize the net proceeds from this offering to further its mission of delivering cutting-edge drone technology solutions. The funds will be directed towards several key areas, including the expansion of its product lineup and the enhancement of existing capabilities to meet growing market demand. Additionally, the capital will support the company’s ongoing development and marketing efforts, potential acquisitions, and research initiatives. This financial infusion aligns with Draganfly’s strategy to solidify its position as an industry leader in the rapidly evolving drone technology sector.
The closing of this offering is anticipated to occur around May 5, 2025, contingent upon the fulfillment of customary closing conditions. These include obtaining the necessary regulatory approvals from the Canadian Securities Exchange and notifying the Nasdaq Stock Market. As with any public offering, such conditions are crucial to ensure compliance with financial regulations and protect the interests of both the company and its investors.
Regulatory Framework and Compliance
The offering is being conducted under an effective shelf registration statement on Form F-10, which was initially filed with the U.S. Securities and Exchange Commission (SEC) on July 5, 2023. In parallel, the company’s Canadian short form base shelf prospectus, dated June 30, 2023, is also in effect. Notably, this offering will be exclusive to the United States market, with no securities being offered or sold to Canadian purchasers.
Prospective investors can access detailed information about the offering via the company’s profiles on the SEDAR+ website, maintained by the Canadian Securities Administrators, or the SEC’s website. The preliminary prospectus supplement, along with the base shelf prospectus, outlines the specific terms of the offering, and a final prospectus supplement will be filed with regulatory authorities in British Columbia, Saskatchewan, Ontario (Canadian provinces), and the SEC.
About Draganfly Inc.
Established as a pioneer in drone solutions, Draganfly Inc. has a rich history spanning over 25 years in the industry. The company specializes in AI-driven software and robotics, offering innovative solutions across various sectors such as public safety, agriculture, industrial inspections, security, mapping, and surveying. Draganfly’s commitment to efficiency, reliability, and leading-edge technology positions it as a key player in helping organizations streamline their operations, reduce costs, and enhance safety.
With a focus on delivering impactful technology solutions, Draganfly continues to push the boundaries of drone technology, contributing to advancements that benefit diverse industries worldwide.
Forward-Looking Statements and Investor Considerations
Investors should be aware that this announcement includes forward-looking statements, which are inherently subject to a range of risks and uncertainties. These statements reflect the current expectations of Draganfly’s management regarding the offering’s timing, size, and anticipated gross proceeds. However, various factors, many beyond the company’s control, could affect the actual outcome.
For instance, the successful closing of the offering depends on meeting specific closing conditions and receiving the necessary regulatory approvals. Additionally, the intended use of proceeds, although strategically planned, is subject to change based on evolving business needs and market conditions.
Investors are encouraged to review the offering documents, as well as Draganfly’s continuous disclosure materials, to gain a comprehensive understanding of the risks and opportunities associated with this investment. These documents are accessible on SEDAR+ and the SEC’s EDGAR platform.
Conclusion
Draganfly Inc.’s public offering marks a pivotal step in its journey to expand its technological capabilities and market presence. By strategically raising capital through this offering, the company aims to accelerate its growth trajectory and continue delivering innovative drone solutions that address the needs of various industries.
As the drone technology landscape continues to evolve, Draganfly remains at the forefront, leveraging its expertise and experience to drive advancements that empower organizations and enhance operational efficiencies. This offering not only strengthens the company’s financial position but also reinforces its commitment to innovation and excellence in the drone technology sector.
For further details and updates on Draganfly’s public offering, interested parties are encouraged to visit the official company profiles on regulatory websites such as SEDAR+ and the SEC’s EDGAR system.
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