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By The Online Investor Staff, updated Thu., Mar. 30, 7:08 PM
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Secondary Stock Offerings| This Slide: #5 of 25 |
Slide #5. Draganfly Inc. — Secondary Offering
Company:
Draganfly Inc. (NASDAQ:DPRO)
Date announced:
3/28/2023
Shares Offered:
8,000,000
Date of Pricing:
3/29/2023
Price Per Share:
$1.00
Secondary Offering Details:
Draganfly Inc. (NASDAQ:DPRO) (CSE: DPRO) (FSE: 3U8) ("Draganfly" or the "Company"), a drone solutions and systems developer, today announced that it intends to offer its securities in a firm commitment underwritten public offering. The Company intends to use the net proceeds from this offering 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 is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. -updated 3/29- Draganfly Inc. (NASDAQ:DPRO) (CSE: DPRO) (FSE: 3U8) ("Draganfly" or the "Company"), a drone solutions and systems developer, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately US$8.0 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering consists of 8,000,000 common shares at a price to the public of US$1.00 per share. The Company intends to use the net proceeds from this 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_. In addition, the Company granted the underwriter a 30-day option to purchase additional shares of common shares, representing up to 15% of the number of the shares offered in the base deal, solely to cover over-allotments.
Draganfly is a holding company. Through its subsidiaries, Co. is engaged in developing and manufacturing multi-rotor helicopters, industrial aerial video systems, civilian small unmanned aerial systems or vehicles, wireless video systems and custom engineering.
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