Draganfly Announces Closing of US$50.0 Million Registered Direct Offering

Core Viewpoint - Draganfly Inc. has successfully closed a registered direct offering of 7,150,000 common shares at a price of US$7.00, generating gross proceeds of approximately US$50.0 million before expenses [1]. Group 1: Offering Details - The offering was led by Maxim Group LLC as the placement agent, with Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. serving as co-placement agents [2]. - The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a Canadian short form base shelf prospectus [4]. 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: Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the industry [7]. - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [7].