Draganfly Inc., a Saskatchewan-founded drone technology company listed on the Nasdaq and Canadian Securities Exchange, has closed a registered direct offering that raised approximately US$10 million in gross proceeds, the company announced.
The transaction involved the sale of 1,869,159 common shares at a price of US$5.35 per share. Jett Capital Advisors, LLC and Northland Capital Markets served as joint-lead placement agents on the deal, which the company had previously announced before its closing.
Draganfly said it plans to use the net proceeds from the offering to accelerate development of what it described as advanced strategic capabilities, as well as to support general working capital as it works to meet demand for its products across U.S. and international markets.
Details of the Offering Structure
The shares were issued under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission, which became automatically effective in February 2026, alongside the company’s Canadian short form base shelf prospectus dated October 2025. According to the company, the securities were offered and sold in the United States only, with no securities offered or sold to purchasers in Canada. Draganfly also noted that no notification to the Nasdaq Stock Market was required for the transaction.
A prospectus supplement along with the accompanying base shelf prospectus describing the terms of the deal has been filed with securities regulators in both Canada and the United States, and is available through the Canadian Securities Administrators’ SEDAR+ system as well as the SEC’s EDGAR database.
Company Background
Draganfly, which trades under the ticker DPRO on the Nasdaq, the Canadian Securities Exchange, and the Frankfurt Stock Exchange, describes itself as a developer of drone solutions, systems and technologies. The company has operated for more than 27 years and provides technology used in public safety, civil, military, agriculture, industrial inspection, security, mapping and surveying applications.
The offering was made under a shelf registration process, which allows companies to register securities in advance and sell them over time as needed, rather than seeking approval for each individual offering.
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