Draganfly announces pricing of us$3.5 million registered direct offering

Saskatoon, sk., april 29, 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 entered into a securities purchase agreement with a single institutional investor to purchase 13,513,514 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$0.259, for gross proceeds of approximately us$3.5 million (the “offering”), before deducting underwriting discounts and offering expenses. the warrants will have an exercise price of approximately us$0.259 per share, are exercisable immediately and will expire five years following the date of issuance and the exercise price will be in canadian currency.
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