Draganfly Inc. (NASDAQ: DPRO | CSE: DPRO | FSE: 3U8) has announced the closing of a registered direct offering that raised approximately US$10 million in gross proceeds, before placement agent discounts and offering expenses. The drone solutions company issued 1,869,159 common shares at US$5.35 per share, with Jett Capital Advisors and Northland Capital Markets acting as joint-lead placement agents. The capital raise signals Draganfly's intent to accelerate development and meet growing demand across U.S. and international drone markets.

Key Points

  • Draganfly Inc. (NASDAQ/CSE: DPRO) is a drone solutions developer listed on the Canadian Securities Exchange
  • The company closed a registered direct offering of 1,869,159 common shares at US$5.35 per share for gross proceeds of approximately US$10 million
  • Net proceeds are earmarked for accelerating advanced strategic capabilities and general working capital
  • Investors may be watching how the capital is deployed across Draganfly's targeted U.S. and international markets

Draganfly's US$10 Million Registered Direct Offering: Structure and Pricing

Draganfly priced the registered direct offering at US$5.35 per common share, issuing a total of 1,869,159 shares to generate gross proceeds of approximately US$10 million before deducting placement agent discounts and offering expenses. The offering was conducted pursuant to an effective shelf registration statement on Form F-10 that became automatically effective on February 25, 2026, and the company's Canadian short form base shelf prospectus dated October 24, 2025. The company confirmed that securities were offered and sold in the United States only, with no securities offered or sold to Canadian purchasers.

Use of Proceeds: Advancing Drone Capabilities and Working Capital

Draganfly stated it intends to use net proceeds to accelerate the development of advanced strategic capabilities and to fund general working capital as it works to satisfy demand for its products. The company cited rapidly maturing U.S. and international markets as the backdrop for the capital deployment. Draganfly serves sectors including public safety, military, agriculture, industrial inspection, and mapping, and has been active in drone technology development for 27 years, according to the company's announcement.

Placement Agents and Regulatory Framework for the Investment

Jett Capital Advisors, LLC and Northland Capital Markets served as joint-lead placement agents for the transaction. The offering was conducted under Draganfly's effective shelf registration with the U.S. Securities and Exchange Commission, and a prospectus supplement and accompanying base shelf prospectus relating to the investment have been made publicly available with the applicable securities commissions in Canada and with the SEC in the United States. The company noted that The Nasdaq Stock Market was not required to be notified for this transaction.