Draganfly raises $25 million through registered direct offering

Draganfly Inc. (NASDAQ: DPRO) announced it has entered into a securities purchase agreement with institutional investors to sell 4,672,895 units at $5.35 per unit, generating gross proceeds of approximately $25 million before fees and expenses.

Each unit consists of one common share and one warrant. The warrants allow holders to purchase one common share at an exercise price of CA$7.3579 per share, are exercisable immediately, and expire five years from the issuance date.

Maxim Group LLC serves as the sole placement agent for the offering. The drone solutions company expects the transaction to close on or about July 21, 2025, subject to customary closing conditions including regulatory approvals from the Canadian Securities Exchange and notification to the Nasdaq Stock Market.

The company plans to use net proceeds for general corporate purposes, including funding capabilities to meet demand for new products, growth initiatives, working capital requirements, continuing development and marketing of core products, potential acquisitions, and research and development.

The offering is conducted under an effective shelf registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission and declared effective on July 5, 2023, along with the company's Canadian short form base shelf prospectus dated June 30, 2023. Securities will be offered and sold only in the United States, with no sales to Canadian purchasers.

The Saskatoon-based company develops drone solutions, software, and robotics for public safety, agriculture, industrial inspections, security, mapping, and surveying applications. Draganfly trades on NASDAQ and the Canadian Securities Exchange under the symbol DPRO, and on the Frankfurt Stock Exchange as 3U8A.

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