Draganfly Announces Pricing of US$3.6 Million Underwritten Public Offering

Core Points - Draganfly Inc. announced a public offering of 1,715,000 units at a price of US$2.10 per unit, aiming for gross proceeds of approximately US$3.6 million [1][3] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$3.9779 (or US$2.875) and expiring five years after issuance [1] - The company plans to use the net proceeds for general corporate purposes, including product development, marketing, potential acquisitions, and research and development [3] Offering Details - The offering is managed by Maxim Group LLC as the sole book-running manager [2] - The offering is subject to customary closing conditions, including regulatory approvals from the Canadian Securities Exchange and Nasdaq [4] - The offering is made under an effective shelf registration statement and will only be offered in the United States, with no sales to Canadian purchasers [5] Company Background - Draganfly is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the industry [8] - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [8]