Core Insights - U.S. stock futures are lower, with Dow futures down approximately 100 points [1] - Red Cat Holdings Inc reported disappointing third-quarter results, leading to a significant drop in its stock price [2] Company Performance - Red Cat Holdings Inc's third-quarter revenue was $9.65 million, falling short of analyst expectations of $16.68 million [2] - The company reported a loss of 16 cents per share, which was worse than the anticipated loss of 10 cents per share [2] - Red Cat's shares fell by 15.1%, reaching $6.57 in pre-market trading [2] Other Companies' Performance - TSS Inc experienced a 40.2% decline, with shares dropping to $9.10 after reporting a year-over-year decrease in financial results [4] - StubHub Holdings Inc's shares fell 18.8% to $15.28 following disappointing third-quarter EPS results [4] - WhiteFiber Inc's stock decreased by 13.4% to $17.21 after reporting worse-than-expected financial results [4] - Anavex Life Sciences Corp. saw a decline of 12.3%, with shares at $4.99 after an 18% drop the previous day [4] - Verastem Inc's shares dipped 9.4% to $7.35 due to the announcement of a $90 million public offering [4] - POET Technologies Inc fell 8.5% to $4.30 following weak quarterly results [4] - Solaris Energy Infrastructure Inc declined 5.8% to $42.32 in pre-market trading [4]

Core Points - Draganfly Inc. announced a public offering of 5,500,000 units at a price of US$2.50 per unit, aiming for gross proceeds of approximately US$13.75 million [1][3] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$5.0768 (or US$3.71) and expiring five years after issuance [1] - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, working capital, acquisitions, and research and development [3] Offering Details - The offering is expected to close on or about June 12, 2025, subject to customary closing conditions [3][4] - Maxim Group LLC is acting as the sole placement agent for the offering [2] - The offering is made under an effective shelf registration statement and a Canadian short form base shelf prospectus [5][6] Company Background - Draganfly Inc. 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]

Core Insights - Draganfly Inc. has been selected by SafeLane Global Ltd. as its preferred unmanned aerial systems (UAS) and aerial survey provider for landmine clearance operations in Ukraine [1][3][4] - SafeLane is one of only two private organizations licensed by the Ukrainian Ministry of Defense to conduct landmine and explosive ordnance clearance operations, with over 30 years of experience in more than 60 countries [2][5] - The partnership aims to enhance the speed, accuracy, and safety of explosive threat detection and removal operations in high-risk environments [3][6] Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [7] - The company provides solutions for various sectors including public safety, agriculture, industrial inspections, security, mapping, and surveying [7] Partnership Details - Under the agreement, Draganfly will provide advanced drone solutions, including UAVs, specialized sensors, and data analysis services [3][4] - The collaboration will involve co-developing joint intellectual property and standard operating procedures tailored for aerial mine detection and clearance [4][6] - SafeLane will lead proposal submissions and operational deployment, while Draganfly will focus on technology, mission planning, piloting, and survey analysis [4][6] Industry Context - According to the Landmine Monitor 2023, over 60 million landmines remain buried across more than 60 countries, with Ukraine being one of the most mine-contaminated countries [5] - The partnership is positioned as a critical step in helping communities recover from the legacy of conflict, enhancing safety and efficiency in operations [6]