Draganfly Announces Closing of US$50.0 Million Registered Direct Offering

Rhea-AI Summary

Draganfly (NASDAQ: DPRO) closed a registered direct offering of 7,150,000 common shares (or pre-funded warrants) at US$7.00 per share, raising approximately US$50.0 million gross on February 27, 2026.

The company intends to use net proceeds for general corporate purposes, including funding product demand, growth initiatives, working capital, potential acquisitions, and R&D. Maxim Group acted as lead placement agent with Raymond James and Ladenburg Thalmann as co-placement agents.

Positive

• Gross proceeds of approximately US$50.0 million
• Sale of 7,150,000 shares (or pre-funded warrants) at US$7.00 each
• Proceeds earmarked for growth, R&D, and potential acquisitions

Negative

• Issuance of 7,150,000 shares may dilute existing shareholders
• Gross proceeds reduced by placement agent discounts and offering expenses
• Securities were offered in the United States only, excluding Canadian purchasers

Key Figures

Offering size: US$50.0 million Shares offered: 7,150,000 shares Offering price: US$7.00 per share +5 more

8 metrics

Offering size US$50.0 million Registered direct offering gross proceeds before fees

Shares offered 7,150,000 shares Common shares or pre-funded warrants in the offering

Offering price US$7.00 per share Price for common shares or pre-funded warrants

Shelf capacity $300,000,000 Aggregate amount under Canadian short form base shelf prospectus

Qualification period 25-month Duration of base shelf prospectus qualification period

Shares outstanding 29,345,971 shares Common shares outstanding as of Feb 24, 2026 (F-10/A)

Price change -15.93% 24h move prior to this closing announcement

52-week range $1.63–$14.40 52-week low and high before this news

Market Reality Check

Price: $6.86 Vol: Volume 5,238,832 vs 20-da...

high vol

$6.86 Last Close

Volume Volume 5,238,832 vs 20-day average 1,714,820 (about 3.06x), showing heavy trading into the offering. high

Technical Price at $6.86, trading above the 200-day MA of $6.23 despite the drop.

Peers on Argus

DPRO fell 15.93% while scanner peers SIDU, VWAV, and CODA each showed modest ups...

3 Up

DPRO fell 15.93% while scanner peers SIDU, VWAV, and CODA each showed modest upside around 1–1.5%, pointing to stock-specific dilution rather than a sector move.

Previous Offering Reports

5 past events · Latest: Feb 25 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 25	Offering pricing	Negative	-15.9%	Priced US$50M registered direct offering at US$7.00 per share.
Jul 21	Offering closing	Negative	-4.0%	Closed US$25M registered direct offering of units with warrants.
Jul 18	Offering pricing	Negative	-24.5%	Announced pricing of US$25M registered direct offering to investors.
Jun 12	Public offering close	Negative	+0.4%	Closed US$13.75M public offering of units with warrants.
Jun 11	Public offering pricing	Negative	-33.1%	Priced US$13.75M public offering under effective registration.

Pattern Detected

Offering-related announcements have typically led to negative price reactions, with most such events followed by single- to double-digit percentage declines.

Recent Company History

This announcement closes a previously priced registered direct offering, building on a pattern of repeat capital raises. Prior financings included offerings of US$13.75M in June 2025 and US$25.0M in July 2025, each tied to U.S.-only distributions under an effective registration. Those events generally funded product development, working capital, acquisitions, and R&D. The current US$50.0M raise continues that strategy of scaling resources to meet demand for new products while accepting near-term dilution pressure seen in prior offering reactions.

Historical Comparison

-15.4% avg move · Past offering announcements averaged a -15.44% move, and the recent pricing drop of -15.93% fit this...

offering

-15.4%

Average Historical Move offering

Past offering announcements averaged a -15.44% move, and the recent pricing drop of -15.93% fit this pattern, framing today’s closing as part of an established capital-raising trend.

Offering sizes progressed from US$13.75M in June 2025 to US$25.0M in July 2025 and now US$50.0M, all under effective registrations and directed to U.S. investors to fund growth, product demand, and acquisitions.

Market Pulse Summary

This announcement confirms the closing of a US$50.0M registered direct offering, following prior cap...

Analysis

This announcement confirms the closing of a US$50.0M registered direct offering, following prior capital raises in June and July 2025. The proceeds are earmarked for general corporate purposes, supporting demand for new products, growth initiatives, and potential acquisitions. Historically, offering-related news for this company has often coincided with notable price moves. Investors may watch how quickly new capital translates into revenue growth, defense-related contracts, and product adoption relative to the added share count.

Key Terms

registered direct offering, pre-funded warrants, form f-10, base shelf prospectus, +4 more

8 terms

registered direct offering financial

"announced the closing of its previously announced registered direct offering of 7,150,000"

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.

pre-funded warrants financial

"7,150,000 common shares (or pre-funded warrants in lieu thereof) of the Company"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

form f-10 regulatory

"an effective shelf registration statement on Form F-10, as amended, (File No. 333-290823)"

Form F-10 is a standardized prospectus document filed with Canadian securities regulators when a Canadian company offers shares or other securities to the public. It lays out the company’s business, financial results, management, and risks—like a detailed product label that helps investors compare what they’re buying and understand potential downsides. For investors, the form matters because it provides the core information needed to evaluate the safety, value and terms of a public securities offering.

base shelf prospectus regulatory

"the Company’s Canadian short form base shelf prospectus dated October 24, 2025"

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.

prospectus supplement regulatory

"A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering"

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.

placement agent financial

"Maxim Group LLC acted as lead placement agent for the Offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

at-the-market distributions financial

"contemplates offerings by fixed price, at-the-market distributions, or in consideration"

Sales of newly issued shares made gradually into the open market at whatever price buyers are currently paying, typically arranged through a broker rather than a single fixed-price offering. Investors should care because these steady sales increase the number of shares outstanding and can dilute existing holders and influence supply and price—similar to a vendor adding more tickets to resale at the current box-office rate, providing flexible funding but potentially easing upward price pressure.

subscription receipts financial

"Common Shares, Preferred Shares, Warrants, Subscription Receipts and Units to be offered"

Subscription receipts are temporary securities sold to investors that act like a receipt for future shares or cash once certain conditions in a financing or acquisition are met; until those conditions are satisfied, the funds are held in trust. Think of them as a ticket you buy today that will convert into the actual product later or get you a refund if the event doesn’t happen. They matter to investors because they provide a way to participate in a deal now while limiting immediate ownership changes and risk until the outcome is confirmed.

AI-generated analysis. Not financial advice.

Saskatoon, SK., Feb. 27, 2026 (GLOBE NEWSWIRE) -- 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 7,150,000 common shares (or pre-funded warrants in lieu thereof) of the Company at a price of US$7.00, for gross proceeds of approximately US$50.0 million, before deducting placement agent discounts and offering expenses (the “Offering”).

Maxim Group LLC acted as lead placement agent for the Offering. Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. acted as co-placement agents for the Offering.

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.

The Offering 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.

A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in the Canadian provinces of British Columbia, Saskatchewan and Ontario, 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 Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16^th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.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: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.

For more information, visit www.draganfly.com.

For investor details, visit:
NASDAQ (DPRO)
CSE (DPRO)
FSE (3U8A)

Media Contact
Erika Racicot
Email: media@draganfly.com

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

Forward Looking Statements

Certain statements contained in this news release may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds. These forward-looking statements are subject to numerous factors, many of which are beyond Draganfly’s control, including but not limited to, important factors disclosed previously and from time to time in Draganfly’s filings with the securities regulatory authorities in the Canadian provinces of British Columbia, Ontario and Saskatchewan and with the SEC. 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 Offering 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

How much did Draganfly (DPRO) raise in the February 27, 2026 offering?

Draganfly raised approximately US$50.0 million in gross proceeds from the offering. According to the company, the offering comprised 7,150,000 common shares (or pre-funded warrants) at US$7.00 per share.

What will Draganfly (DPRO) use the net proceeds for after the US$50.0 million offering?

The company intends to use net proceeds for general corporate purposes and growth. According to the company, uses include funding product demand, working capital, continuing development, marketing, potential acquisitions, and research and development.

Who acted as placement agents for Draganfly's (DPRO) registered direct offering?

Maxim Group acted as lead placement agent, with Raymond James and Ladenburg Thalmann as co-placement agents. According to the company, those firms managed the distribution and placement of the offered securities.

How many shares did Draganfly (DPRO) sell and at what price in the offering?

Draganfly sold 7,150,000 common shares (or pre-funded warrants) at US$7.00 per share. According to the company, this pricing produced approximately US$50.0 million in gross proceeds before fees and expenses.

Were Canadian investors included in Draganfly's (DPRO) February 2026 offering?

No, Canadian purchasers were excluded from the sale of securities. According to the company, the securities were offered and sold in the United States only, with no sales to Canadian purchasers.