Draganfly Announces Pricing of US$50.0 Million Registered Direct Offering
Rhea-AI Summary
Draganfly (NASDAQ: DPRO) priced a registered direct offering to sell 7,150,000 common shares (or pre-funded warrants) at US$7.00 per share for gross proceeds of approximately US$50.0 million. The Offering is expected to close on or about February 27, 2026, subject to customary closing conditions and regulatory approvals, including the Canadian Securities Exchange and Nasdaq. Draganfly intends to use net proceeds for general corporate purposes, product development, marketing, potential acquisitions, and working capital. The Offering will be sold in the United States only; no securities will be offered to Canadian purchasers.
Positive
- Registered direct offering sized at US$50.0 million
- 7,150,000 common shares or pre-funded warrants offered at US$7.00
Negative
- Offering likely causes shareholder dilution from 7,150,000 new shares
- Sale restricted to U.S.; no securities offered to Canadian purchasers
Market Reaction – DPRO
Following this news, DPRO has declined 8.20%, reflecting a notable negative market reaction. Our momentum scanner has triggered 18 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $7.49. This price movement has removed approximately $19M from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
DPRO gained 4.88% while the momentum scanner only flagged HOVR moving up and no other peers in momentum. Several sector peers show positive day moves, but scanner data classifies DPRO’s action as stock-specific rather than a broad Aerospace & Defense rotation.
Previous Offering Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jul 21 | Offering closed | Negative | -4.0% | Closing of US$25.0M registered direct offering with share+warrant units. |
| Jul 18 | Offering priced | Negative | -24.5% | Pricing of US$25.0M registered direct equity and warrant offering. |
| Jun 12 | Offering closed | Negative | +0.4% | Closing of US$13.75M public unit offering with attached warrants. |
| Jun 11 | Offering priced | Negative | -33.1% | Pricing of US$13.75M public unit offering, shares plus five-year warrants. |
| May 05 | Offering closed | Negative | -1.0% | Closing of US$3.6M underwritten public offering of units with warrants. |
Prior capital-raising offerings usually triggered negative next-day moves, with one small positive outlier.
Over the past year, Draganfly repeatedly tapped equity markets via public and registered direct offerings, raising amounts from US$3.6 million up to US$25.0 million. These deals consistently combined common shares with warrants and were led by Maxim Group. Price reactions around these offerings were often negative, with only one modestly positive session. Today’s registered direct pricing continues that pattern of using equity and warrants to fund growth, acquisitions, and working capital.
Historical Comparison
In the last five capital-raising offerings, DPRO’s average next-day move was -12.46%, with four negative reactions and one small gain. This pricing announcement fits that recurring pattern of equity-and-warrant financings.
From May to July 2025, Draganfly completed multiple equity offerings, increasing gross proceeds from US$3.6M to US$25.0M while repeatedly using unit structures with five-year warrants.
Market Pulse Summary
The stock is down -8.2% following this news. A negative reaction despite the company securing new funding fits the historical pattern, where prior offerings averaged a -12.46% move. Past deals often saw shareholders focus on dilution and added warrant overhang. Subsequent trading frequently reflected how clearly management demonstrated returns on the fresh capital through growth, contracts, or margin improvement, and whether repeated raises signaled ongoing financing dependence.
Key Terms
registered direct offering financial
pre-funded warrants financial
placement agent financial
co-placement agents financial
form f-10 regulatory
prospectus supplement regulatory
AI-generated analysis. Not financial advice.
Saskatoon, SK., Feb. 25, 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 pricing of a registered direct offering to purchase 7,150,000 common shares (or pre-funded warrants in lieu thereof) of the Company (each, a “Common Share” or “Pre-Funded Warrant”), at a price of US
Maxim Group LLC is acting as lead placement agent for the Offering. Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. are acting 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 is expected to close on or about February 27, 2026, subject to the satisfaction of customary closing conditions.
The Offering is subject to customary closing conditions including receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange and notification to the Nasdaq Stock Market.
The Offering is being made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-290823) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on February 25, 2026 and the Company’s Canadian short form base shelf prospectus dated October 24, 2025 (the “Base Shelf Prospectus”). Draganfly will offer and sell the securities in the United States only. No securities will be offered or sold to Canadian purchasers.
A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof will be filed with the applicable securities commissions in Canada and with the SEC in the United States and will be 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, when available, by contacting Maxim Group LLC, at 300 Park Avenue, 16th 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 timing, size and expected gross proceeds of the Offering, the satisfaction of customary closing conditions related to the Offering and sale of securities, the intended use of proceeds, and Draganfly’s ability to complete the Offering. Closing of the Offering is subject to numerous factors, many of which are beyond Draganfly’s control, including but not limited to, the failure of the parties to satisfy certain closing conditions, and other 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
What did Draganfly (DPRO) announce about the registered direct offering on February 26, 2026?
How will Draganfly (DPRO) use the net proceeds from the US$50.0 million offering?
When will the Draganfly (DPRO) offering close and what conditions remain?
Who are the placement agents for Draganfly's (DPRO) US$50.0 million offering?
Will Canadian investors be able to buy shares in the Draganfly (DPRO) registered direct offering?
