Draganfly Confirms Post-Consolidation Trading Date
Draganfly Inc. (NASDAQ: DPRO) has confirmed September 5, 2024, as the effective date for its previously announced 25-to-1 share consolidation. The company expects its common shares to begin trading on a post-consolidated basis at market open on this date, subject to final confirmation from the Canadian Securities Exchange and Nasdaq. This move follows the board's approval of the consolidation on August 23, 2024. Upon completion, Draganfly's CUSIP will change to 26142Q304 and its ISIN to CA26142Q3044. Shareholders seeking more information on the consolidation's effects can refer to the August 23 news release or visit the company's investor relations website for a detailed Q&A document.
Draganfly Inc. (NASDAQ: DPRO) ha confermato il 5 settembre 2024 come data effettiva per la consolidazione delle azioni 25 a 1 annunciata in precedenza. L'azienda prevede che le sue azioni ordinarie inizieranno a essere scambiate su base post-consolidata all'apertura dei mercati in questa data, soggetto alla conferma finale da parte della Canadian Securities Exchange e di Nasdaq. Questa mossa segue l'approvazione da parte del consiglio della consolidazione del 23 agosto 2024. Al termine della procedura, il CUSIP di Draganfly cambierà in 26142Q304 e il suo ISIN in CA26142Q3044. Gli azionisti che desiderano ulteriori informazioni sugli effetti della consolidazione possono fare riferimento al comunicato stampa del 23 agosto o visitare il sito web per le relazioni con gli investitori dell'azienda per un documento di domande e risposte dettagliato.
Draganfly Inc. (NASDAQ: DPRO) ha confirmado el 5 de septiembre de 2024 como la fecha efectiva para la consolidación de acciones 25 a 1 previamente anunciada. La empresa espera que sus acciones comunes comiencen a cotizar en una base posterior a la consolidación al abrir el mercado en esta fecha, sujeto a la confirmación final de la Canadian Securities Exchange y Nasdaq. Este movimiento sigue a la aprobación del consejo de la consolidación el 23 de agosto de 2024. Al completar el proceso, el CUSIP de Draganfly cambiará a 26142Q304 y su ISIN a CA26142Q3044. Los accionistas que buscan más información sobre los efectos de la consolidación pueden consultar el comunicado de prensa del 23 de agosto o visitar el sitio web de relaciones con los inversores de la empresa para un documento detallado de preguntas y respuestas.
드라간플라이 주식회사 (NASDAQ: DPRO)는 2024년 9월 5일을 25대 1 주식 통합의 효력 발생일로 확인했습니다. 회사는 이 날짜에 시장 개장 시점에 통합 후 기준으로 보통주가 거래될 것으로 예상하고 있으며, 이는 캐나다 증권 거래소와 나스닥의 최종 확인을 조건으로 합니다. 이 조치는 2024년 8월 23일 이사회의 통합 승인에 따른 것입니다. 완료 후 Draganfly의 CUSIP은 26142Q304로 변경됩니다 및 ISIN은 CA26142Q3044로 변경됩니다. 통합의 효과에 대한 정보가 필요한 주주들은 8월 23일 뉴스 릴리스를 참조하거나 회사의 투자자 관계 웹사이트를 방문하여 자세한 Q&A 문서를 확인할 수 있습니다.
Draganfly Inc. (NASDAQ: DPRO) a confirmé le 5 septembre 2024 comme date d'effet pour la consolidation d'actions 25 pour 1 déjà annoncée. La société s'attend à ce que ses actions ordinaires commencent à se négocier sur une base post-consolidée à l'ouverture du marché à cette date, sous réserve de la confirmation finale de la Canadian Securities Exchange et de Nasdaq. Ce mouvement fait suite à l'approbation par le conseil d'administration de la consolidation le 23 août 2024. Une fois le processus terminé, le CUSIP de Draganfly changera pour 26142Q304 et son ISIN pour CA26142Q3044. Les actionnaires souhaitant plus d'informations sur les effets de la consolidation peuvent consulter le communiqué de presse du 23 août ou visiter le site Web des relations avec les investisseurs de la société pour un document de questions-réponses détaillé.
Draganfly Inc. (NASDAQ: DPRO) hat den 5. September 2024 als das wirksame Datum für die zuvor angekündigte 25 zu 1 Aktienkonsolidierung bestätigt. Das Unternehmen erwartet, dass seine Stammaktien an diesem Datum zum Marktstart auf einer nach der Konsolidierung basierenden Grundlage gehandelt werden, vorbehaltlich der endgültigen Bestätigung durch die Canadian Securities Exchange und Nasdaq. Dieser Schritt folgt der Genehmigung des Konsolidierungsplans durch den Vorstand am 23. August 2024. Nach Abschluss wird sich die CUSIP von Draganfly in 26142Q304 ändern und die ISIN in CA26142Q3044. Aktionäre, die weitere Informationen zu den Auswirkungen der Konsolidierung suchen, können die Pressemitteilung vom 23. August konsultieren oder die Website der Investor Relations des Unternehmens besuchen, um ein detailliertes Q&A-Dokument zu erhalten.
- Share consolidation may help maintain Nasdaq listing compliance
- Board approval indicates strategic alignment on the consolidation decision
- 25-to-1 consolidation ratio suggests significant reduction in outstanding shares
- Potential risk of short-term stock price volatility following consolidation
Vancouver, BC., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, announces that further to the news release issued August 23, 2024, the Company has set September 5, 2024 as the effective date of the Consolidation. The Company expects its issued and outstanding common shares (the “Common Shares”) to trade on a post-consolidated basis at market open on September 5, 2024 subject to final confirmation from the Canadian Securities Exchange and the Nasdaq. As announced on August 23, 2024, the board of directors of the Company approved the consolidation of its Common Shares on the basis of one post-consolidated Common Share for every 25 pre-consolidated Common Shares (the “Consolidation”). Upon completion of the Consolidation, the CUSIP and ISIN of the Common Shares will be changed to 26142Q304 and CA26142Q3044 respectively.
For more information on the anticipated effects of the Consolidation, refer to the August 23, 2024 news release or visit https://investor.draganfly.com/wp-content/uploads/2024/08/Draganfly-Share-Consolidation-QA-1v1.pdf
About Draganfly
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.
For more information on Draganfly, please visit us at www.draganfly.com.
For additional investor information, visit:
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NASDAQ Listing
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Media Contact
Erika Racicot
Email: media@draganfly.com
Company Contact
Email: info@draganfly.com
Forward-Looking Statements
This release contains certain “forward looking statements” and certain “forward-looking information” as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements included in this news release include, but are not limited to statements about: the timing and completion of the Consolidation; the expected Effective Date of the Consolidation; the treatment of any fractional Common Shares in connection with the Consolidation; the timing of and receipt of regulatory approval for the Consolidation; the Company’s ability to meet the listing requirements of the CSE and NASDAQ; the new CUSIP and ISIN of the Common Shares following the Consolidation; the anticipated effects of the Consolidation as detailed in the consolidation Q&A; and shareholders receiving a letter of transmittal.
Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out here in, including but not limited to: the financial condition, the successful integration of technology, the inherent risks involved in the general securities markets; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties disclosed under the heading “Risk Factors“ in the Company’s most recent filings filed with securities regulators in Canada on the SEDAR+ website at www.sedarplus.ca. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements’ best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
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