Draganfly Announces Proposed Public Offering of Common Shares & Warrants
Draganfly (NASDAQ: DPRO) has announced the commencement of an underwritten public offering of units consisting of common shares and warrants to purchase common shares in the United States. Maxim Group LLC will serve as the sole book-running manager for the offering. The company plans to use the proceeds for general corporate purposes, including funding new product demand, working capital requirements, potential acquisitions, and R&D initiatives.
The offering will be conducted under an effective shelf registration and is subject to market conditions and regulatory approvals from the Canadian Securities Exchange and Nasdaq. The securities will be offered exclusively in the United States, with no sales to Canadian purchasers. The final terms of the offering will be disclosed in a final prospectus supplement.
Draganfly (NASDAQ: DPRO) ha annunciato l'inizio di un'offerta pubblica sottoscritta di unità composte da azioni ordinarie e warrant per l'acquisto di azioni ordinarie negli Stati Uniti. Maxim Group LLC sarà l'unico responsabile della gestione del libro ordini per l'offerta. La società intende utilizzare i proventi per scopi aziendali generali, inclusi il finanziamento della domanda di nuovi prodotti, le esigenze di capitale circolante, potenziali acquisizioni e iniziative di ricerca e sviluppo.
L'offerta sarà effettuata nell'ambito di una registrazione a scaffale efficace ed è soggetta alle condizioni di mercato e alle approvazioni normative della Canadian Securities Exchange e del Nasdaq. I titoli saranno offerti esclusivamente negli Stati Uniti, senza vendite a acquirenti canadesi. I termini finali dell'offerta saranno resi noti in un supplemento al prospetto finale.
Draganfly (NASDAQ: DPRO) ha anunciado el inicio de una oferta pública suscrita de unidades que consisten en acciones comunes y warrants para comprar acciones comunes en los Estados Unidos. Maxim Group LLC actuará como el único administrador principal del libro de órdenes para la oferta. La compañía planea utilizar los ingresos para propósitos corporativos generales, incluyendo financiar la demanda de nuevos productos, necesidades de capital de trabajo, adquisiciones potenciales e iniciativas de I+D.
La oferta se realizará bajo un registro en estantería efectivo y está sujeta a las condiciones del mercado y aprobaciones regulatorias de la Canadian Securities Exchange y Nasdaq. Los valores se ofrecerán exclusivamente en los Estados Unidos, sin ventas a compradores canadienses. Los términos finales de la oferta se divulgarán en un suplemento final del prospecto.
Draganfly (NASDAQ: DPRO)는 미국에서 보통주 및 보통주 매수권이 포함된 단위 공개 인수 공모를 시작한다고 발표했습니다. Maxim Group LLC가 단독 주관사로서 이 공모를 담당할 예정입니다. 회사는 조달 자금을 신제품 수요 자금, 운전자본 필요, 잠재적 인수 및 연구개발(R&D) 이니셔티브 등 일반적인 기업 목적에 사용할 계획입니다.
이번 공모는 유효한 선등록증명서(셸프 등록)를 기반으로 진행되며, 시장 상황과 캐나다 증권거래소 및 나스닥의 규제 승인에 따라 달라질 수 있습니다. 증권은 미국 내에서만 제공되며, 캐나다 투자자에게는 판매되지 않습니다. 공모의 최종 조건은 최종 투자설명서 보충 자료에서 공개될 예정입니다.
Draganfly (NASDAQ : DPRO) a annoncé le lancement d'une offre publique souscrite d'unités composées d'actions ordinaires et de bons de souscription d'actions aux États-Unis. Maxim Group LLC agira en tant que gestionnaire principal unique pour cette offre. La société prévoit d'utiliser les fonds levés à des fins générales d'entreprise, y compris le financement de la demande pour de nouveaux produits, les besoins en fonds de roulement, les acquisitions potentielles et les initiatives de R&D.
L'offre sera réalisée dans le cadre d'un enregistrement sur étagère effectif et est soumise aux conditions du marché ainsi qu'aux approbations réglementaires de la Canadian Securities Exchange et du Nasdaq. Les titres seront offerts exclusivement aux États-Unis, sans ventes aux acheteurs canadiens. Les conditions finales de l'offre seront divulguées dans un supplément final au prospectus.
Draganfly (NASDAQ: DPRO) hat den Beginn eines unterzeichneten öffentlichen Angebots von Einheiten bestehend aus Stammaktien und Optionsscheinen zum Kauf von Stammaktien in den Vereinigten Staaten bekannt gegeben. Maxim Group LLC wird als alleiniger Bookrunner für das Angebot fungieren. Das Unternehmen plant, die Erlöse für allgemeine Unternehmenszwecke zu verwenden, einschließlich der Finanzierung der Nachfrage nach neuen Produkten, des Betriebskapitalbedarfs, potenzieller Akquisitionen und F&E-Initiativen.
Das Angebot wird unter einer wirksamen Shelf-Registrierung durchgeführt und unterliegt den Marktbedingungen sowie den behördlichen Genehmigungen der Canadian Securities Exchange und der Nasdaq. Die Wertpapiere werden ausschließlich in den Vereinigten Staaten angeboten, ohne Verkäufe an kanadische Käufer. Die endgültigen Bedingungen des Angebots werden in einem endgültigen Prospektergänzungsblatt bekannt gegeben.
- Potential to strengthen working capital position for product development and growth initiatives
- Funds could support expansion through potential acquisitions
- Proceeds will help meet demand for new products
- Potential dilution for existing shareholders
- Offering is subject to market conditions with no guarantee of completion
- Stock price may face pressure due to increased share supply
Insights
Draganfly announced a public offering of shares and warrants that will dilute existing shareholders while raising capital for growth initiatives and operations.
Draganfly has initiated an underwritten public offering in the U.S. market, consisting of units that include common shares (or pre-funded warrants) and warrants to purchase additional common shares. This capital raising effort will almost certainly dilute existing shareholders, though the extent remains unclear as the company has not disclosed the offering size, price, or warrant terms.
The offering structure is notable for several reasons:
- The inclusion of warrants suggests the company needed to offer additional incentives to attract investors
- Securities will only be sold to U.S. investors despite Draganfly's dual listing (NASDAQ/CSE)
- Maxim Group LLC's role as sole book-runner provides some institutional validation
Management intends to use proceeds for a broad array of purposes including funding new product demand, growth initiatives, working capital, product development, and potential acquisitions. This wide-ranging use of proceeds gives management flexibility but lacks specific strategic priorities.
Without knowing the offering size or the company's current cash position, it's impossible to determine if this raising represents opportunistic funding of growth or addresses a more urgent capital need. The shelf registration was declared effective in July 2023, indicating Draganfly has been positioning for this financing for some time.
Investors should watch for the final prospectus supplement which will reveal the critical details necessary to evaluate the true impact of this offering on both the company's growth prospects and existing shareholders' positions. Until those terms are disclosed, this announcement represents a standard capital markets transaction with typical dilution considerations.
Saskatoon, SK., May 01, 2025 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced it has commenced an underwritten public offering in the United States (the “Offering”). The Offering consists of units of common shares (or pre-funded warrants in lieu thereof) and warrants to purchase common shares and is subject to market conditions.
Maxim Group LLC is acting as sole book-running manager 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 subject to customary closing conditions including the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange and notification to The Nasdaq Stock Market. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or the actual size or terms of the Offering.
The Offering is being 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 (“SEC”) on July 5, 2023 and the Company’s Canadian short form base shelf prospectus dated June 30, 2023 (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 preliminary 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. The final terms of the Offering will be disclosed in a final prospectus supplement to be filed with the securities regulatory authorities in the Canadian provinces of British Columbia, Ontario and Saskatchewan and the SEC.
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.
Media Contact
media@draganfly.com
Company Contact
Email: 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
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