IPO - Draganfly Inc.

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.