Draganfly announces closing of us$3.6 million underwritten public offering

Saskatoon, sk., may 05, 2025 (globe newswire) -- draganfly inc. (nasdaq: dpro) (cse: dpro) (fse: 3u8a) (“draganfly” or the “company”), a drone solutions, and systems developer, today announced the closing of its previously announced underwritten public offering (the “offering”) of 1,715,000 units (the “units”), with each unit consisting of one common share and one warrant to purchase one common share (each, a “warrant”). each unit was sold at a public offering price of us$2.10, for gross proceeds of approximately us$3.6 million, before deducting underwriting discounts and offering expenses. the warrants have an exercise price of ca$3.9779 (or us$2.875) per share, are exercisable immediately and will expire five years following the date of issuance. in addition, the company granted the underwriter (as defined below) a 45-day over-allotment option to purchase up to an additional 15% of the number of common shares and/or warrants offered in the offering, of which the underwriter has partially exercised its option to purchase an additional 100,000 warrants.
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