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Financings

Draganfly prices shares of $50-million (U.S.) offering

By The Northwire Desk — AI Analysis Feb 26, 2026 · 05:26 DPRO · 11.14 Draganfly Inc
DPRO · Price

Executive Summary

  • Draganfly Inc. has priced a registered direct offering of 7.15 million common shares (or prefinanced warrants) at $7.00 USD per share, raising approximately $50.0 million in gross proceeds.
  • The offering is led by Maxim Group LLC, with Raymond James Ltd. and Ladenburg Thalmann & Co. Inc. serving as co-placement agents.
  • Net proceeds are intended for general corporate purposes, including product development, marketing, potential acquisitions, R&D, and working capital.

Key Details

  • Transaction Structure: Registered direct offering of 7.15 million common shares or prefinanced warrants.
  • Price: $7.00 USD per share.
  • Gross Proceeds: Approximately $50.0 million USD (before deducting placement agent discounts and offering expenses).
  • Placement Agents:
    • Lead: Maxim Group LLC
    • Co-Placement Agents: Raymond James Ltd. and Ladenburg Thalmann & Co. Inc.
  • Use of Proceeds: General corporate purposes, specifically to finance capabilities for new product demand, growth initiatives, working capital, continuing development and marketing of core products, potential acquisitions, and research and development.
  • Closing Date: Expected on or about February 27, 2026, subject to customary closing conditions.
  • Regulatory Approvals: Subject to receipt of necessary regulatory approvals, including approval of the Canadian Securities Exchange and notification to Nasdaq Stock Market.
  • Jurisdiction: Securities offered and sold in the United States only; no securities offered or sold to Canadian purchasers.
  • Filing Basis: Pursuant to an effective shelf registration statement on Form F-10 (file No. 333-290823), declared effective by the SEC on February 25, 2026, and the company's Canadian short form base shelf prospectus dated October 24, 2025.
Read the original news release →

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