Draganfly Announces Closing of US$2.0 Million Registered Direct Offering
Draganfly Inc. (NASDAQ: DPRO) has closed a US$2.0 million registered direct offering of 16,666,666 units, each priced at US$0.12. Each unit consists of one common share (or pre-funded warrant) and one warrant to purchase one common share at US$0.15, exercisable immediately and expiring in five years. Maxim Group acted as the sole placement agent. The company plans to use the net proceeds for general corporate purposes, including funding new product demand, growth initiatives, working capital, product development and marketing, potential acquisitions, and R&D. The offering was made under an effective shelf registration and base shelf prospectus, with securities sold only in the United States.
Draganfly Inc. (NASDAQ: DPRO) ha concluso un offerta diretta registrata di 2,0 milioni di dollari USA per 16.666.666 unità, ciascuna al prezzo di 0,12 dollari USA. Ogni unità è composta da un'azione comune (o warrant prefinanziato) e un warrant per acquistare un'azione comune a 0,15 dollari USA, esercitabile immediatamente e con scadenza tra cinque anni. Maxim Group ha agito come unico agente di collocamento. L'azienda prevede di utilizzare i proventi netti per scopi aziendali generali, inclusi il finanziamento della domanda di nuovi prodotti, iniziative di crescita, capitale circolante, sviluppo prodotto e marketing, potenziali acquisizioni e R&S. L'offerta è stata effettuata sotto una registrazione shelf efficace e un prospetto base shelf, con i titoli venduti solo negli Stati Uniti.
Draganfly Inc. (NASDAQ: DPRO) ha cerrado una oferta directa registrada de 2,0 millones de dólares estadounidenses de 16.666.666 unidades, cada una a un precio de 0,12 dólares estadounidenses. Cada unidad consiste en una acción común (o warrant prefinanciado) y un warrant para comprar una acción común a 0,15 dólares estadounidenses, que se puede ejercer de inmediato y vence en cinco años. Maxim Group actuó como el único agente de colocación. La compañía planea utilizar los ingresos netos para fines corporativos generales, incluyendo financiación de la demanda de nuevos productos, iniciativas de crecimiento, capital de trabajo, desarrollo de productos y marketing, adquisiciones potenciales e I+D. La oferta se realizó bajo una inscripción de shelf efectiva y un prospecto base, con valores vendidos solo en los Estados Unidos.
드라간플라이 주식회사(나스닥: DPRO)는 200만 달러 등록 직접 제공을 위해 16,666,666 단위를 마감하였으며, 각 단위의 가격은 0.12 달러입니다. 각 단위는 하나의 보통주(또는 미리 자금을 지원받은 워런트)와 0.15 달러에 하나의 보통주를 구매할 수 있는 워런트로 구성되며, 즉시 행사 가능하고 5년 후 만료됩니다. 맥심 그룹이 유일한 배치 에이전트로 활동했습니다. 회사는 일반 기업 목적을 위해 순수익을 사용할 계획입니다. 여기에는 새로운 제품 수요 자금 지원, 성장 계획, 운영 자본, 제품 개발 및 마케팅, 잠재적 인수 및 R&D가 포함됩니다. 이 제공은 유효한 셀프 등록 및 기본 셀프 약관에 따라 이루어졌으며, 증권은 미국에서만 판매되었습니다.
Draganfly Inc. (NASDAQ: DPRO) a clôturé une offre directe enregistrée de 2,0 millions de dollars US portant sur 16.666.666 unités, chacune au prix de 0,12 dollar US. Chaque unité se compose d'une action ordinaire (ou d'un warrant préfinancé) et d'un warrant permettant d'acheter une action ordinaire à 0,15 dollar US, pouvant être exercé immédiatement et expirant dans cinq ans. Maxim Group a agi en tant qu'agent unique de placement. La société prévoit d'utiliser le produit net pour des objectifs corporatifs généraux, y compris le financement de la demande pour de nouveaux produits, les initiatives de croissance, le fonds de roulement, le développement de produits et le marketing, les acquisitions potentielles et la R&D. L'offre a été faite dans le cadre d'une inscription shelf effective et d'un prospectus de base shelf, avec des valeurs mobilières vendues uniquement aux États-Unis.
Draganfly Inc. (NASDAQ: DPRO) hat ein registriertes Direktangebot in Höhe von 2,0 Millionen US-Dollar über 16.666.666 Einheiten abgeschlossen, die jeweils zu einem Preis von 0,12 US-Dollar angeboten werden. Jede Einheit besteht aus einer Stammaktie (oder vorfinanziertem Warrant) und einem Warrant zum Kauf einer Stammaktie zu 0,15 US-Dollar, der sofort ausgeübt werden kann und in fünf Jahren verfällt. Maxim Group trat als alleiniger Platzierungsagent auf. Das Unternehmen plant, die Nettoerlöse für allgemeine Unternehmenszwecke zu verwenden, einschließlich der Finanzierung der Nachfrage nach neuen Produkten, Wachstumsinitiativen, Betriebskapital, Produktentwicklung und Marketing, potenziellen Akquisitionen sowie F&E. Das Angebot wurde unter einer effektiven Shelf-Registrierung und einem Basisprospekt durchgeführt, wobei die Wertpapiere nur in den Vereinigten Staaten verkauft wurden.
- Raised US$2.0 million in gross proceeds to fund operations and growth initiatives
- Warrants included in the offering provide potential for additional capital if exercised
- Offering completed under existing shelf registration, streamlining the process
- Potential dilution for existing shareholders due to the issuance of new shares
- Low offering price of US$0.12 per unit may indicate weak market demand
- Additional capital raised through dilutive equity offering rather than revenue growth or debt
Insights
Draganfly's
Draganfly's capital raise reflects the intensifying competition in the drone industry. The company's intent to funnel funds into new product development is important for staying relevant in a rapidly evolving market. However, the low offering price suggests investor skepticism about Draganfly's current market position. The drone sector is witnessing a shift towards specialized applications and advanced AI integration. Draganfly's success will hinge on its ability to innovate in high-value niches like precision agriculture, infrastructure inspection, or emergency response. The mention of potential acquisitions indicates a strategy to quickly acquire new capabilities, which could be vital for keeping pace with larger, better-funded competitors. Investors should watch for concrete plans on how Draganfly intends to differentiate its offerings in this crowded market.
Saskatoon, SK., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a drone solutions, and systems developer, today announced that it has closed its previously announced offering of 16,666,666 units of the Company, with each unit consisting of one common share (or one pre-funded warrant to purchase one common share in lieu thereof) and one warrant to purchase one common share. Each unit was sold at a public offering price of US
Maxim Group LLC acted as sole placement agent 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 was 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 sold the securities in the United States only. No securities were offered or sold to Canadian purchasers.
A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in each of the Canadian provinces of British Columbia, Saskatchewan and Ontario and with the SEC in the United States and is 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 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 the creator of drone solutions, software, and AI systems.
Media Contact
Erika Racicot
email: 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 anticipated use of proceeds from the Offering. 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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