Draganfly announces pricing of us$3.5 million underwritten offering

Los angeles, ca., oct. 26, 2023 (globe newswire) -- draganfly inc. (nasdaq: dpro) (cse: dpro) (fse: 3u8a) (“draganfly” or the “company”), an award-winning, industry-leading drone solutions, and systems developer, today announced the pricing of an underwritten offering of 6,400,000 common shares (or pre-funded warrants to purchase common shares in lieu thereof) and accompanying warrants to purchase up to 6,400,000 common shares. each common share (or pre-funded warrant to purchase one common share) was sold together with one warrant at a combined public offering price of us$0.55, 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$0.61 per share, are exercisable immediately and will expire five years following the date of issuance.
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