Draganfly Announces Closing of US$50.0 Million Registered Direct Offering
MWN-AI** Summary
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A), a leader in drone technology and robotics, has successfully closed a registered direct offering raising approximately US$50 million. This financing involved the sale of 7,150,000 common shares, or pre-funded warrants, at a price of US$7.00 per share. Maxim Group LLC served as the lead placement agent, with Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. as co-placement agents.
The company plans to utilize the net proceeds from this offering to bolster its corporate capabilities, focusing on meeting demand for its innovative product line. This includes funding growth initiatives, advancing product development and marketing, exploring potential acquisitions, and enhancing research and development efforts.
The offering was made possible through an effective shelf registration statement filed with the U.S. Securities and Exchange Commission, which became automatic on February 25, 2026. It’s important to note that this offering was exclusively available to U.S. investors, and there were no sales to Canadian purchasers.
Draganfly represents over 25 years of drone innovation, designing solutions for various sectors, including public safety, agriculture, industrial inspections, and mapping. The firm is committed to delivering cutting-edge technology to help clients optimize operations and enhance safety.
In light of the risks and uncertainties inherent in investment decisions, Draganfly has issued caution regarding forward-looking statements related to this offering. Investors should be aware that actual future outcomes may vary from expectations, as highlighted in the company’s continuous disclosure documents. For more information, investors can access Draganfly’s profiles on SEDAR+ and the SEC’s website.
MWN-AI** Analysis
Draganfly Inc. (NASDAQ: DPRO), a leader in innovative drone solutions and robotics, has successfully closed a US$50 million registered direct offering. The issuance of 7,150,000 common shares at a price of US$7.00 represents a strategic move to support the company's growth initiatives and operational capabilities. As an investor or potential stakeholder, there are several factors to consider when evaluating this development.
Firstly, the capital raised is earmarked for general corporate purposes, including the development and marketing of new products and potential acquisitions. This is particularly important in a rapidly evolving industry like drone technology. Draganfly's focus on research and development could lead to increased market share and, ultimately, revenue growth.
Moreover, the company’s established expertise with over 25 years of experience positions it favorably against competitors. Its commitment to applications in diverse sectors—such as public safety, agriculture, and security—makes Draganfly a compelling investment option, particularly as these markets increasingly adopt drone technology for efficiency and cost savings.
That said, investors should note the inherent risks associated with the sector, including regulatory hurdles and technological advancements from competitors. The successful completion of this direct offering is a positive signal of investor confidence, but potential volatility should be expected, especially given the company is reliant on continuous innovation and demand for its products.
In conclusion, while Draganfly’s recent capital raise strengthens its financial position to pursue growth opportunities, investors should remain mindful of the competitive landscape and potential fluctuations in demand. As with any investment, conducting thorough due diligence and considering market conditions will be crucial before making any decisions regarding Draganfly shares.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Saskatoon, SK., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions, software, and robotics, today announced the closing of its previously announced registered direct offering of 7,150,000 common shares (or pre-funded warrants in lieu thereof) of the Company at a price of US$7.00, for gross proceeds of approximately US$50.0 million, before deducting placement agent discounts and offering expenses (the “Offering”).
Maxim Group LLC acted as lead placement agent for the Offering. Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. acted as co-placement agents for the Offering.
Draganfly currently intends to use the net proceeds from the Offering for general corporate purposes, including to fund its capabilities to meet demand for its new products including growth initiatives and/or for working capital requirements including the continuing development and marketing of the Company’s core products, potential acquisitions and research and development.
The Offering was made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-290823) previously filed with the U.S. Securities and Exchange Commission (“SEC”) and which became automatically effective on February 25, 2026 and the Company’s Canadian short form base shelf prospectus dated October 24, 2025 (the “Base Shelf Prospectus”). Draganfly offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers.
A prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in the Canadian provinces of British Columbia, Saskatchewan and Ontario, and with the SEC in the United States and is available for free by visiting the Company’s profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca or the SEC’s website at www.sec.gov, as applicable. Copies of the prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering may be obtained by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Draganfly
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a pioneer in drone solutions, AI-driven software, and robotics. With over 25 years of innovation, Draganfly has been at the forefront of drone technology, providing solutions for public safety, agriculture, industrial inspections, security, mapping, and surveying. The Company is committed to delivering efficient, reliable, and industry-leading technology that helps organizations save time, money, and lives.
For more information, visit www.draganfly.com.
For investor details, visit:
NASDAQ (DPRO)
CSE (DPRO)
FSE (3U8A)
Media Contact
Erika Racicot
Email: media@draganfly.com
Company Contact
Cameron Chell
Chief Executive Officer
(306) 955-9907
info@draganfly.com
Forward Looking Statements
Certain statements contained in this news release may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements include, but are not limited to, statements regarding the intended use of proceeds. These forward-looking statements are subject to numerous factors, many of which are beyond Draganfly’s control, including but not limited to, important factors disclosed previously and from time to time in Draganfly’s filings with the securities regulatory authorities in the Canadian provinces of British Columbia, Ontario and Saskatchewan and with the SEC. Actual future events may differ from the anticipated events expressed in such forward-looking statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances or otherwise, unless required by applicable securities laws.? Investors are cautioned not to unduly rely on these forward-looking statements and are encouraged to read the Offering documents, as well as Draganfly’s continuous disclosure documents, including its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.
FAQ**
How does the recent capital raise of approximately US$50 million by Draganfly Inc. (DPRO) impact its growth initiatives and product development plans in the drone industry in Saskatoon, SK?
What specific general corporate purposes does Draganfly Inc. (DPRO) plan to fund with the proceeds from its registered direct offering in Saskatoon, SK?
How does the market response to Draganfly Inc. (DPRO)'s offerings reflect investor confidence in its technology and future prospects within the drone sector in Saskatoon, SK?
In what ways will Draganfly Inc. (DPRO) utilize the gross proceeds from its offering to enhance its competitive position against other leading drone companies operating in Saskatoon, SK?
**MWN-AI FAQ is based on asking OpenAI questions about Draganfly Inc. (NASDAQ: DPRO).
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