Draganfly announces closing of us$3.6 million underwritten public offering

Saskatoon, sk., feb. 26, 2024 (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 13,400,000 units, 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$0.27, for gross proceeds of approximately us$3.6 million, before deducting underwriting discounts and offering expenses. the warrants have an exercise price of us$0.36 per share, were exercisable immediately and will expire five years following the date of issuance.
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