Draganfly Announces Closing of US$2.0 Million Registered Direct Offering

Saskatoon, SK., August 21, 2024 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), a developer of drone solutions and systems, today announced that it has closed its previously announced offering of 16,666,666 units of the Company, 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$0.12, for gross proceeds of approximately US$2.0 million (the “Offering”), before deducting offering discounts and offering expenses. The warrants have an exercise price of US$0.15 (CA$0.2048) per share, are immediately exercisable and expire five years from the date of issuance and the exercise price is denominated in Canadian currency.

Maxim Group LLC acted as sole placement agent for the offering.