[SCHEDULE 13G] Draganfly Inc. SEC Filing

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Draganfly Inc.

(Name of Issuer)

Common shares, no par value per share

(Title of Class of Securities)

26142Q304

(CUSIP Number)

07/17/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 26142Q304

1

Names of Reporting Persons

Mitchell P. Kopin

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 990,228.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 990,228.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

990,228.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.99 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. 26142Q304

1

Names of Reporting Persons

Daniel B. Asher

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 990,228.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 990,228.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

990,228.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.99 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. 26142Q304

1

Names of Reporting Persons

Intracoastal Capital LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 990,228.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 990,228.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

990,228.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.99 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Draganfly Inc.
(b)	Address of issuer's principal executive offices: 235 103rd St. E., Saskatoon, Saskatchewan, S7N 1Y8, Canada
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed on behalf of (i) Mitchell P. Kopin, an individual ("Mr. Kopin"), (ii) Daniel B. Asher, an individual ("Mr. Asher") and (iii) Intracoastal Capital LLC, a Delaware limited liability company ("Intracoastal" and together with Mr. Kopin and Mr. Asher, collectively the "Reporting Persons").
(b)	Address or principal business office or, if none, residence: The principal business office of Mr. Kopin and Intracoastal is 245 Palm Trail, Delray Beach, Florida 33483. The principal business office of Mr. Asher is 1011 Lake Street, Suite 311, Oak Park, Illinois 60301.
(c)	Citizenship: Mr. Kopin is a citizen of the United States of America. Mr. Asher is a citizen of the United States of America. Intracoastal is a Delaware limited liability company.
(d)	Title of class of securities: Common shares, no par value per share
(e)	CUSIP No.: 26142Q304
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (i) Immediately following the execution of the Securities Purchase Agreement with the Issuer on July 17, 2025 (the "SPA") (as disclosed in the Form 6-K filed by the Issuer with the Securities and Exchange Commission on July 18, 2025), each of the Reporting Persons may have been deemed to have beneficial ownership of 1,557,283 shares of Common Stock, which consisted of (i) 934,579 shares of Common Stock to be issued to Intracoastal at the closing of the transaction contemplated by the SPA and (ii) 622,704 shares of Common Stock issuable upon exercise of a warrant to be issued to Intracoastal at the closing of the transaction contemplated by the SPA ("Intracoastal Warrant 1"), and all such shares of Common Stock represent beneficial ownership of approximately 9.99% of the Common Stock, based on (1) 14,031,144 shares of Common Stock outstanding as of July 17, 2025, as reported by the Issuer, plus (2) 934,579 shares of Common Stock to be issued to Intracoastal at the closing of the transaction contemplated by the SPA and (3) 622,704 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1. The foregoing excludes (I) 311,875 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1 because Intracoastal Warrant 1 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 1 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 9.99% of the Common Stock, (II) 22,000 shares of Common Stock issuable upon exercise of a warrant held by Intracoastal ("Intracoastal Warrant 2") because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 2 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Common Stock and (III) 800,000 shares of Common Stock issuable upon exercise of a second warrant held by Intracoastal ("Intracoastal Warrant 3") because Intracoastal Warrant 3 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 3 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 2,691,158 shares of Common Stock. (ii) As of the close of business on July 23, 2025, each of the Reporting Persons may have been deemed to have beneficial ownership of 990,228 shares of Common Stock, which consisted of (i) 934,579 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1 and (ii) 55,649 shares of Common Stock issuable upon exercise of Intracoastal Warrant 3, and all such shares of Common Stock represent beneficial ownership of approximately 4.99% of the Common Stock, based on (1) 14,031,144 shares of Common Stock outstanding as of July 17, 2025, as reported by the Issuer, plus (2) 4,672,895 shares of Common Stock issued at the closing of the transaction contemplated by the SPA, (3) 150,000 shares of Common Stock issued to Intracoastal upon exercise of Intracoastal Warrant 3, (4) 934,579 shares of Common Stock issuable upon exercise of Intracoastal Warrant 1 and (5) 55,649 shares of Common Stock issuable upon exercise of Intracoastal Warrant 3. The foregoing excludes (I) 22,000 shares of Common Stock issuable upon exercise of Intracoastal Warrant 2 because Intracoastal Warrant 2 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 2 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Common Stock and (II) 594,351 shares of Common Stock issuable upon exercise of Intracoastal Warrant 3 because Intracoastal Warrant 3 contains a blocker provision under which the holder thereof does not have the right to exercise Intracoastal Warrant 3 to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof, together with the holder's affiliates, and any other persons acting as a group together with the holder or any of the holder's affiliates, of more than 4.99% of the Common Stock. Without such blocker provisions, each of the Reporting Persons may have been deemed to have beneficial ownership of 1,606,579 shares of Common Stock.
(b)	Percent of class: 4.99%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 990,228
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 990,228
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Mitchell P. Kopin

Signature:	/s/ Mitchell P. Kopin
Name/Title:	Mitchell P. Kopin
Date:	07/23/2025

Daniel B. Asher

Signature:	/s/ Daniel B. Asher
Name/Title:	Daniel B. Asher
Date:	07/23/2025

Intracoastal Capital LLC

Signature:	/s/ Mitchell P. Kopin
Name/Title:	Mitchell P. Kopin, Manager
Date:	07/23/2025

Exhibit Information

Exhibit 1 - Joint Filing Agreement

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).