Draganfly Announces Closing of US$25.0 Million Registered Direct Offering

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[{"type":"text","content":"Draganfly Announces Closing of US$25.0 Million Registered Direct Offering\n\n\n\n\n Saskatoon, SK., July 21, 2025 (GLOBE NEWSWIRE) --\n \n Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions, software, and robotics, today announced the closing of its previously announced registered direct offering of 4,672,895 units of the Company (the “\n \n Units\n \n ”), at a price of US$5.35 per Unit, for gross proceeds of approximately US$25.0 million, before deducting placement agent discounts and offering expenses (the “\n \n Offering\n \n ”).\n \n\n Each Unit consists of one common share in the capital of the Company (each, a “\n \n Common Share\n \n ”) and one common share purchase warrant (each, a “\n \n Warrant\n \n ”). The Warrants entitle the holder thereof to purchase one Common Share at an exercise price of CA$7.3579 (the Canadian dollar equivalent of US$5.35) per Common Share, are exercisable immediately and will expire five years following the date of issuance.\n \n\n Maxim Group LLC acted as sole placement agent for the Offering.\n \n\n Draganfly currently intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company’s core products, potential acquisitions and research and development.\n \n\n The Offering was made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“\n \n SEC\n \n ”) on July 5, 2023 and the Company’s Canadian short form base shelf prospectus dated June 30, 2023 (the “\n \n Base Shelf Prospectus\n \n ”). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers.\n \n\n A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof was filed with the applicable securities commissions in the Canadian provinces of...

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