IPO - Draganfly Inc.
Form Type: SUPPL
Filing Date: 2025-06-12
Corporate Action: Ipo
Type: New
Accession Number: 000164117225014795
Filing Summary: Draganfly Inc. has filed a prospectus supplement on June 11, 2025, relating to the public offering of 5,500,000 units priced at US$2.50 per unit, aggregating to US$13,750,000. Each unit consists of one common share and one common share purchase warrant. The offering price was determined through arms’ length negotiation with the placement agent Maxim Group LLC. The net proceeds from the offering are expected to be approximately US$12,787,500 after deducting commissions and estimated expenses. The offering is being made solely to investors outside of Canada, and the closing is anticipated to occur on or about June 12, 2025. The common shares are listed on multiple exchanges, and the offering is being conducted in accordance with Canadian and U.S. regulations under the multijurisdictional disclosure system. Prospective investors are advised to consider the risks associated with the offering, including market volatility and uncertainties in revenue growth.
Additional details:
Units Offered: 5500000
Offering Price Per Unit: 2.5
Total Offering Price: 13750000
Placement Agents Commission: 0.175
Net Proceeds: 12787500
Warrant Exercise Price: 5.0768
Expiry Date: 2030
Closing Date: 2025-06-12
Form Type: SUPPL
Filing Date: 2025-06-10
Corporate Action: Ipo
Type: New
Accession Number: 000164117225014521
Filing Summary: On June 10, 2025, Draganfly Inc. filed a preliminary prospectus supplement in relation to a public offering of units consisting of common shares and warrants. This Supplement qualifies the distribution of units priced at US$[t] per unit, each consisting of one common share and one common share purchase warrant. The prospectus was filed pursuant to General Instruction II.L of Form F-10 and is subject to completion or amendment. The offering is being made in the United States under the Company’s registration statement filed with the SEC and is intended for certain eligible investors. A Placement Agent, Maxim Group LLC, is initiated in relation to the offering, which includes the opportunity for investors to purchase a pre-funded warrant instead of a unit when beneficial ownership would exceed certain thresholds. The offering of units will not be public in Canada, and details about the commissions to agents and expenses related to the offering are outlined. The Units and Warrants will not be traded on any stock exchange following their issuance, potentially impacting the liquidity of these securities.
Additional details:
Offering Price: US$[t]
Units Offered: [t]
Warrant Exercise Price: CA$[t]
Expiry Date: Five years from Closing Date
Placement Agent: Maxim Group LLC
Commission Rate: 7% of gross proceeds
Number Of Warrants: 5% of Unit Shares sold as Placement Agent’s Warrants
Common Shares Symbol: DPRO
Form Type: SUPPL
Filing Date: 2025-05-05
Corporate Action: Ipo
Type: New
Accession Number: 000164117225008620
Filing Summary: Draganfly Inc. has announced a new capital raise via a public offering of 1,715,000 units, each priced at US$2.10. The offering aims to generate gross proceeds of approximately US$3.6 million, with the net proceeds estimated at around US$3.35 million after underwriter commissions and offering expenses. Each unit consists of one common share and one warrant, with the warrants giving the holder the right to purchase additional shares at CA$3.9779 until five years following the closing of the offering. The offering is being conducted under a registration statement approved by the SEC and is managed by Maxim Group LLC, which is the exclusive underwriter. The offering is subject to the closing conditions and is expected to complete by May 5, 2025, with units to be delivered electronically to investors. The document also details the option given to the underwriter to purchase additional units, shares, or warrants to cover over-allotments. Potential risks associated with the investment in these units are highlighted, including market volatility and compliance with Canadian and U.S. regulations. Further, there is a discussion on forward-looking statements regarding the use of proceeds, expected performance, and general business conditions.
Additional details:
Unit Price: 2.10
Total Offering Price: 3601500
Underwriters Commission: 252105
Net Proceeds To Company: 3349395
Additional Units Option: 257250
Additional Unit Price: 2.10
Additional Share Price: 2.09
Additional Warrant Price: 0.01
Warrant Expiry Date: 5 years from closing
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