[8-K] Colony Bankcorp Inc. Reports Material Event

Rhea-AI Filing Summary

Intracoastal Capital LLC, together with principals Mitchell P. Kopin and Daniel B. Asher, filed a Schedule 13G for Draganfly Inc. (DPRO) dated 23 Jul 2025.

The group reports shared beneficial ownership of 990,228 common shares, equal to 4.99 % of the outstanding stock. The stake consists of 934,579 shares issuable upon exercise of “Intracoastal Warrant 1” and 55,649 shares from “Intracoastal Warrant 3.” All voting and dispositive power is shared; the reporters hold no sole power.

Additional warrants could raise ownership to 1,606,579 shares, but each instrument contains 4.99 % or 9.99 % blocker clauses that cap exercise to keep the group below specified thresholds. The securities were acquired under a 17 Jul 2025 Securities Purchase Agreement and are certified as passive, non-control investments, allowing the filers to use Schedule 13G rather than 13D.

Insights

Securities Analyst

TL;DR: Passive 4.99 % stake disclosed; limited market impact.

The filing confirms that Intracoastal Capital, Kopin and Asher now collectively own just under 5 % of DPRO, entirely through warrants. Blocker provisions ensure the stake cannot rise above 4.99 % (or 9.99 % for one warrant) without prior sales, limiting dilution pressure and corporate influence. Because voting/dispositive powers are shared and passive, the disclosure has little immediate governance or valuation impact. Investors should note the potential for up to 1.6 M shares if blockers are waived, which could modestly affect future float.

Corporate Governance Expert

TL;DR: Ownership stays below 5 %—no control implications.

By holding 4.99 %, the group avoids Schedule 13D obligations and related activist scrutiny. Shared voting rights and the certification that the position is not for influence mean board dynamics remain unchanged. The blocker mechanics protect other shareholders from sudden ownership spikes, but warrants create latent dilution if exercised beyond current limits.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 23, 2025

COLONY BANKCORP, INC.

(Exact name of registrant as specified in its charter)

Georgia			001-42397			58-1492391
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

115 South Grant Street, Fitzgerald, Georgia 31750

(Address of principal executive offices) (Zip Code)

(229) 426-6000

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

			☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
			☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
			☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
			☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each Class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, par value $1.00 per share			CBAN			The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operation and Financial Condition

On July 23, 2025, Colony Bankcorp, Inc. issued a press release announcing its consolidated financial results for the second quarter ended June 30, 2025, as well as the announcement of a regular quarterly cash dividend. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure

The Company is furnishing a copy of its most recent investor presentation, which it intends to use in connection with certain community group presentations. A copy of the presentation materials to be used by the Company is furnished as Exhibit 99.2 to this Current Report and is incorporated herein by reference. The Company will also host an investor earnings call at 9:00 a.m. ET on Thursday, July 24, 2025.

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits.

Exhibit Number						Description
99.1						Colony Bankcorp, Inc., press release dated July 23, 2025
99.2						Investor Presentation dated July 23, 2025
104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			COLONY BANKCORP, INC.
Date: July 23, 2025			By:			/s/ Derek Shelnutt
						Derek Shelnutt
						Executive Vice President and Chief Financial Officer

FAQ

How many Draganfly (DPRO) shares does Intracoastal Capital currently control?

990,228 common shares, representing 4.99 % of the outstanding stock.

What is the filing date of the Schedule 13G for DPRO?

The Schedule 13G was signed and dated July 23, 2025.

Why is the stake capped at 4.99 % or 9.99 %?

Each warrant includes ownership blocker provisions that prevent exercises which would push holdings above those thresholds.

Could the reporting persons increase their ownership in Draganfly?

Yes. Without blockers the warrants could increase holdings to 1,606,579 shares (≈11 %), but exercises are currently limited.

Does the group seek to influence Draganfly’s control or management?

No. The certification states the securities were acquired without the purpose of influencing control.

Which warrants underpin the disclosed stake?

Primarily Intracoastal Warrant 1 (934,579 shares) and a portion of Intracoastal Warrant 3 (55,649 shares).