Draganfly Announces Closing of US$10 Million Strategic Investment

The financing adds cash before placement agent discounts and offering expenses, while issuing 1,869,159 common shares.

Rhea-AI Summary

Draganfly (DPRO) closed its previously announced registered direct offering, raising approximately US$10 million in gross proceeds through common shares.

The company sold 1,869,159 common shares at US$5.35 each. Gross proceeds are before placement agent discounts and offering expenses. Jett Capital Advisors and Northland Capital Markets acted as joint-lead placement agents. Draganfly intends to use net proceeds to accelerate development of advanced strategic capabilities and fund general working capital to meet product demand in U.S. and international markets.

The securities were offered and sold only in the United States, with no Canadian purchasers. The offering used an effective Form F-10 shelf registration statement and the company's Canadian base shelf prospectus.

1 point · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

How the balance works

Positive

• Moderate pointCompleted offering raised approximately US$10 million in gross proceeds before placement agent discounts and offering expenses. 4.8% of market cap

Negative

• Moderate point1,869,159 new common shares at US$5.35 each dilute existing holders.
• Minor pointPlacement agent discounts and offering expenses reduce the proceeds available to Draganfly.

News Explained

The completed sale of 1,869,159 Draganfly common shares reduces existing holders’ percentage ownership absent offsetting changes.

Key Figures

Shares offered: 1,869,159 common shares Offering price: US$5.35 per share Gross proceeds: Approximately US$10 million

Shares offered

1,869,159 common shares

Registered direct offering

Offering price

US$5.35 per share

Registered direct offering

Gross proceeds

Approximately US$10 million

Before placement agent discounts and offering expenses

Historical Context

1 past event · Latest: Sep 28

1 event

1. Sep 28

   Offering announcement

   24h Move

   +4.6%

   Disclosed the share count and price; this release confirms the offering closed.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

registered direct offering, shelf registration statement, prospectus supplement, base shelf prospectus

4 terms

registered direct offering financial

"closing of its previously announced registered direct offering"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

shelf registration statement regulatory

"pursuant to an effective shelf registration statement on Form F-10"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

prospectus supplement regulatory

"A prospectus supplement and accompanying Base Shelf Prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

base shelf prospectus regulatory

"the Company’s Canadian short form base shelf prospectus"

A base shelf prospectus is a pre-approved regulatory document that lets a company register a range of securities once and then sell them to the public over time without repeating the full approval process for each offering. For investors it’s like a menu and standing permission slip: it lays out the types of securities, key risks and terms ahead of any specific sale, so buyers can assess potential dilution, timing and the company’s plans before new shares or debt hit the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TAMPA, Fla., Sept. 29, 2026 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an industry-leading developer of drone solutions, systems and technologies, today announced the closing of its previously announced registered direct offering of 1,869,159 common shares of the Company at a price of US$5.35, for gross proceeds of approximately US$10 million, before deducting placement agent discounts and offering expenses (the “Investment”).

Jett Capital Advisors, LLC and Northland Capital Markets acted as joint-lead placement agents for the Investment.

Draganfly intends to use the net proceeds to accelerate the development of advanced strategic capabilities and to fund general working capital in meeting demand for its products in the rapidly maturing U.S. and international markets.

The Investment was made pursuant to an effective shelf registration statement on Form F-10, as amended (File No. 333-290823), previously filed with the U.S. Securities and Exchange Commission (“SEC”) and which became automatically effective on February 25, 2026, and the Company’s Canadian short form base shelf prospectus dated October 24, 2025 (the “Base Shelf Prospectus”). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers. The Nasdaq Stock Market was not required to be notified for this transaction.

A prospectus supplement and accompanying Base Shelf Prospectus relating to the Investment and describing the terms thereof has been filed with the applicable securities commissions in Canada and with the SEC in the United States and is available for free by visiting the Company’s profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca or the SEC’s website at www.sec.gov, as applicable. Copies of the prospectus supplement and accompanying Base Shelf Prospectus relating to the Investment may be obtained by contacting Jett Capital Advisors, LLC, at 712 Fifth Ave, 11th Floor, New York, NY 10019, Attention: General Inquiries, or by telephone at +1-212-616-0430 or by email at info@jettcapital.com, or Northland Securities, Inc., at 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402, Attention: Valencia Day, or by telephone at +1-612-851-4917, or by email at vday@northlandcapitalmarkets.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Draganfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is a leader in cutting-edge drone solutions and software that are transforming industries and serving stakeholders globally. Recognized for innovation and excellence for over 27 years, Draganfly delivers award-winning technology to the public safety, civil, military, agriculture, industrial inspection, security, mapping, and surveying markets. The Company is driven by passion, ingenuity, and a mission to provide efficient solutions and first-class services to customers worldwide, saving time, money, and lives.

For more information, visit www.draganfly.com.

For investor details, visit:
NASDAQ (DPRO)
CSE (DPRO)
FSE (3U8)

Media Contact
Erika Racicot
Email: media@draganfly.com

Company Contact
Cameron Chell
Chief Executive Officer
(306) 955-9907
Email: info@draganfly.com

Forward-Looking Statements

This release contains certain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements in this news release include, but are not limited to: statements regarding the intended use of proceeds; expansion of U.S. and North American manufacturing, development and commercialization of drone, counter-UAS and autonomous technologies, potential future orders under existing contracts, potential strategic relationships, acquisitions and partnerships, and the Company’s anticipated opportunities within U.S., Canadian and allied defense markets. Forward-looking statements are based on the current expectations of management, are subject to numerous assumptions, risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws. Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Investment documents, as well as Draganfly’s continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Draganfly raise in its closed registered direct offering?

Draganfly raised approximately US$10 million in gross proceeds by selling 1,869,159 common shares at US$5.35 each. The gross amount is before placement agent discounts and offering expenses.