Draganfly Announces Closing of US$3.76 Million Registered Direct Offering

Core Points - Draganfly Inc. has successfully closed an offering of 1,600,000 units, generating gross proceeds of US$3.76 million, with each unit priced at US$2.35 [1] - The offering includes warrants with an exercise price of CA$3.3086 (US$2.35) per share, which are immediately exercisable and will expire in five years [1] - The company plans to utilize the net proceeds for general corporate purposes, including product development, marketing, potential acquisitions, and working capital [4] Offering Details - Maxim Group LLC served as the sole placement agent for the offering [2] - The offering was conducted under an effective shelf registration statement and a Canadian short form base shelf prospectus [5] - A prospectus supplement detailing the terms of the offering was filed with relevant securities commissions [6] Existing Warrants - The company previously issued warrants for 256,000, 540,541, and 666,667 common shares at higher exercise prices, which have now been amended to CA$3.3086 (US$2.35) [3]