Draganfly Announces Pricing of US$2.0 Million Registered Direct Offering

Core Viewpoint - Draganfly Inc. has entered into a securities purchase agreement to raise approximately US$2.0 million through the sale of 16,666,666 units, each consisting of one common share and one warrant to purchase one common share [1][3]. Group 1: Offering Details - Each unit in the offering was sold at a public offering price of US$0.12, with gross proceeds expected to be around US$2.0 million before expenses [1]. - The warrants have an exercise price of approximately US$0.15 (CA$0.2048) per share, are immediately exercisable, and will expire five years after issuance [1]. - The offering is subject to customary closing conditions, including regulatory approvals from the Canadian Securities Exchange and Nasdaq [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for general corporate purposes, including funding new product capabilities, growth initiatives, working capital, and ongoing development and marketing of core products [3]. Group 3: Regulatory Framework - The offering is being conducted under an effective shelf registration statement on Form F-10, previously filed with the U.S. Securities and Exchange Commission [4]. - A prospectus supplement will be filed with applicable securities commissions in Canada and the SEC in the United States [5].