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Draganfly (DPRO) Stock News, Jul-Aug 2021

DPRO Nasdaq

Draganfly Inc. develops drone solutions, unmanned aerial vehicle systems and related software for defense, public safety, civil, agriculture, industrial inspection, security, mapping and surveying markets. News about DPRO commonly covers product and platform activity across Flex FPV, Commander 3XL, Apex, Heavy Lift and Outrider systems, including selections, deployments, distribution arrangements and technology integrations.

Recurring updates also include quarterly financial results, shareholder update calls, balance-sheet commentary and corporate strategy. Company announcements frequently connect Draganfly's UAV portfolio with defense procurement, autonomous systems, swarming software, payload options and enterprise or government customer channels in Canada, the United States and other markets.

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Draganfly (NASDAQ: DPRO) has commenced EMS pilot training in Spring Branch, Texas, aimed at developing skills for drone delivery services in emergencies. This training is part of the Phase 1 ColdChain Delivery Systems contract and focuses on equipping operators to support first responders with essential supplies and data. The program features seasoned pilots, including former USAF personnel, ensuring high competency standards. Draganfly enhances its reputation in public safety and aims to expand its active support in emergency operations through advanced drone technology.

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Draganfly Inc. (Nasdaq: DPRO) has completed an underwritten public offering of 5,000,000 common shares at $4.00 each, raising approximately $20 million. The offering includes a 45-day option for underwriters to purchase an additional 750,000 shares. The net proceeds will support ongoing operations, growth initiatives, and working capital needs, including product development and potential acquisitions. Draganfly’s shares are dual-listed on Nasdaq and the Canadian Securities Exchange. The offering's details are documented in a prospectus supplement filed with regulatory authorities.

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Draganfly Inc. (Nasdaq: DPRO) announced a public offering of 5,000,000 common shares at $4.00 each, aiming for gross proceeds of $20 million. The offering is set to close on August 3, 2021, contingent on customary conditions. Underwriters have a 45-day option to buy an additional 750,000 shares. Proceeds will fund ongoing operations, growth initiatives, and R&D. The shares will begin trading on Nasdaq on July 30, 2021. The offering is registered with the SEC and filed in Canada, with detailed information available through respective prospectus filings.

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Draganfly Inc. (OTCQB: DFLYF) has received approval to list its common shares on The Nasdaq Capital Market under the symbol “DPRO,” with trading expected to commence on July 30, 2021. This move follows the cessation of trading on the OTCQB. Draganfly specializes in drone solutions across various sectors, including public safety and agriculture, and continues to trade on the Canadian Securities Exchange. The company cautions that future trading is subject to Nasdaq's listing requirements and other risks.

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Draganfly Inc. (OTCQB: DFLYF) announced plans for a share consolidation, adjusting the ratio to one new Common Share for every five existing shares. This consolidation will take effect on July 29, 2021, reducing the total shares from approximately 135 million to about 27 million. The company also aims to list its shares on The Nasdaq under the new symbol 'DPRO' and has initiated a name change for its shares on the Canadian Securities Exchange. Shareholders will receive communication regarding their new shares, and no fractional shares will be issued.

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FAQ

What is the current stock price of Draganfly (DPRO)?

Draganfly (DPRO) last closed at $4.19.

What is the market cap of Draganfly (DPRO)?

The market cap of Draganfly (DPRO) is approximately $164.0M.