Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
26 Octobre 2023 - 10:45PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of October 2023
Commission
File Number: 001-40688
DRAGANFLY
INC.
(Translation
of registrant’s name into English)
2108
St. George Avenue
Saskatoon,
Saskatchewan S7M 0K7
Canada
(Address
of principal executive office)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
|
Draganfly Inc. |
|
(Registrant) |
|
|
|
Date:
October 26, 2023 |
By: |
/s/
Paul Sun |
|
Name:
|
Paul
Sun |
|
Title:
|
Chief
Financial Officer |
Form
6-K Exhibit Index
Exhibit
99.1
Draganfly
Announces Pricing of US$3.5 Million Underwritten Offering
Los
Angeles, CA., Oct. 26, 2023 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly”
or the “Company”), an award-winning, industry-leading drone solutions, and systems developer, today announced the pricing
of an underwritten offering of 6,400,000 common shares (or pre-funded warrants to purchase common shares in lieu thereof) and accompanying
warrants to purchase up to 6,400,000 common shares. Each common share (or pre-funded warrant to purchase one common share) was sold together
with one warrant at a combined public offering price of US$0.55, for gross proceeds of approximately US$3.5 million (the “Offering”),
before deducting underwriting discounts and offering expenses. The warrants will have an exercise price of approximately US$0.61 per
share, are exercisable immediately and will expire five years following the date of issuance.
Maxim
Group LLC is acting as sole book-running manager for the Offering.
Draganfly
currently intends to use the net proceeds from the 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 product, potential acquisitions and research and development. The Offering is expected to close
on or about October 30, 2023, subject to the satisfaction of customary closing conditions.
The
Offering is being made pursuant to an effective shelf registration statement on Form F-10, as amended, (File No. 333-271498) previously
filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC”) on July 5, 2023 and
the Company’s Canadian short form base shelf prospectus dated June 30, 2023 (the “Base Shelf Prospectus”). Draganfly
will offer and sell the securities in the United States only. No securities will be offered or sold to Canadian purchasers.
A
prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering and describing the terms thereof will be filed
with the applicable securities commissions in Canada and with the SEC in the United States and will be available for free by visiting
the Company’s profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca or the SEC’s
website at www.sec.gov, as applicable. Copies of the prospectus supplement and accompanying Base Shelf Prospectus relating to the Offering
may be obtained, when available, by contacting Maxim Group LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate
Department, or by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.
This
press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale
of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration
or qualification under the securities laws of any such state or other jurisdiction.
About
Draganfly
Draganfly
Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize
how organizations can do business and service their stakeholders.
Media Contact
Arian
Hopkins
email:
media@draganfly.com
Company
Contact
Email:
info@draganfly.com
Forward
Looking Statements
Certain
statements contained in this news release may constitute “forward-looking statements” or “forward-looking information”
within the meaning of applicable securities laws. Such statements, based as they are on the current expectations of management, inherently
involve numerous important risks, uncertainties and assumptions, known and unknown. In this news release, such forward-looking statements
include, but are not limited to, statements regarding the timing of closing of the Offering and the anticipated use of proceeds from
the Offering. Closing of the Offering is subject to numerous factors, many of which are beyond Draganfly’s control, including but
not limited to, the failure of the parties to satisfy certain closing conditions, and other important factors disclosed previously and
from time to time in Draganfly’s filings with the securities regulatory authorities in the Canadian provinces of British Columbia,
Ontario and Saskatchewan and with the SEC. Actual future events may differ from the anticipated events expressed in such forward-looking
statements. Draganfly believes that expectations represented by forward-looking statements are reasonable, yet there can be no assurance
that such expectations will prove to be correct. The reader should not place undue reliance, if any, on any forward-looking statements
included in this news release. These forward-looking statements speak only as of the date made, and Draganfly is under no obligation
and disavows any intention to update publicly or revise such statements as a result of any new information, future event, circumstances
or otherwise, unless required by applicable securities laws. Investors are cautioned not to unduly rely on these forward-looking
statements and are encouraged to read the offering documents, as well as Draganfly’s continuous disclosure documents, including
its current annual information form, as well as its audited annual consolidated financial statements which are available on SEDAR+ at
www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.
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