Draganfly Raises US$50M Through 7.15M Share Offering at US$7 Each
Draganfly closed a registered direct offering of 7,150,000 common shares (or pre-funded warrants) at US$7.00 per share, raising approximately US$50.0 million before fees. Net proceeds will support corporate operations, including scaling production for new drone solutions, funding growth initiatives, working capital needs, research and development, and potential acquisitions.
1. Offering Closure
Draganfly closed a registered direct offering of 7,150,000 common shares (or pre-funded warrants) at US$7.00 per share, generating gross proceeds of approximately US$50.0 million before placement agent discounts and offering expenses. Maxim Group LLC acted as lead placement agent, with Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. serving as co-placement agents.
2. Use of Proceeds
The company intends to deploy net proceeds for general corporate purposes, including scaling production to meet demand for its new drone solutions, funding growth initiatives, covering working capital requirements, advancing research and development, and evaluating potential acquisitions.
3. Regulatory Filings
The offering was conducted under an effective shelf registration statement on Form F-10 (File No. 333-290823) and the Canadian base shelf prospectus dated October 24, 2025, with prospectus supplements filed in British Columbia, Saskatchewan, Ontario, and with the U.S. Securities and Exchange Commission, allowing sales exclusively to U.S. investors.