Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly”
or the “Company”), an award-winning, industry-leading drone
solutions and systems developer, announced today that it will be
presenting at the 16th annual LD Micro Main Event at the Luxe
Sunset Boulevard Hotel, Los Angeles, California from October 3 to
5, 2023.
More than 200 attendees are expected to attend
the 16th annual LD Micro Main Event, comprising industry
professionals, investors, and entrepreneurs seeking opportunities
for growth and collaboration. This platform enables participating
companies to present their innovative offerings and connect with
like-minded individuals to explore potential avenues for
expansion.
Draganfly President and CEO Cameron Chell will
present on October 3rd, 1 pm PST.
We invite interested parties to register for the
event here: https://me23.sequireevents.com/
The Company also announces that it received a
letter from the Listing Qualifications Department of the Nasdaq
Stock Market (“Nasdaq”) indicating that, based upon the closing bid
price of the Company’s common shares for the 30 consecutive
business day period between August 10, 2023, through September 21,
2023, the Company did not meet the minimum bid price of US$1.00 per
share required for continued listing on The Nasdaq Capital Market
pursuant to Nasdaq Listing Rule 5550(a)(2). The Notice has no
immediate effect on the listing of the Company’s common shares on
the Nasdaq Capital Market.
The letter also indicated that the Company will
be provided with a compliance period of 180 calendar days, or until
March 20, 2024 (the “Compliance Period”), in which to regain
compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). In order
to regain compliance with Nasdaq’s minimum bid price requirement,
the Company’s common shares must maintain a minimum closing bid
price of US$1.00 for at least ten consecutive business days during
the Compliance Period.
In the event the Company does not regain
compliance by the end of the Compliance Period, the Company may be
eligible for an additional 180 calendar days to regain compliance.
To qualify, the Company will be required to meet the continued
listing requirement for the market value of its publicly held
shares and all other initial listing standards for The Nasdaq
Capital Market, with the exception of the bid price requirement,
and will need to provide written notice of its intention to cure
the deficiency during the second compliance period, by effecting a
reverse stock split, if necessary. If the Company meets these
requirements, the Company may be granted an additional 180 calendar
days to regain compliance. However, if it appears to Nasdaq that
the Company will be unable to cure the deficiency, or if the
Company is not otherwise eligible for the additional cure period,
the Company may face delisting.
The letter has no immediate impact on the
Company’s business operations or listing of the Company’s common
shares, which will continue to be listed and traded on The Nasdaq
Capital Market, subject to the Company’s compliance with the other
listing requirements of The Nasdaq Capital Market, as well as on
the CSE.
About Draganfly
Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE:
3U8) is the creator of quality, cutting-edge drone solutions,
software, and AI systems that revolutionize the way organizations
can do business and service their stakeholders. Recognized as being
at the forefront of technology for over 24 years, Draganfly is an
award-winning industry leader serving the public safety, public
health, mining, agriculture, industrial inspections, security,
mapping, and surveying markets. Draganfly is a company driven by
passion, ingenuity, and the need to provide efficient solutions and
first-class services to its customers around the world with the
goal of saving time, money, and lives.
For more information on Draganfly, please visit us at:
www.draganfly.com.
For additional investor information, visit
https://www.thecse.com/en/listings/technology/draganfly-inc,
https://www.nasdaq.com/market-activity/stocks/dpro or
https://www.boerse-frankfurt.de/equity/draganfly-inc-1.
Media ContactArian
HopkinsEmail: media@draganfly.com
Company ContactEmail:
info@draganfly.com
About LD Micro
LD Micro, a wholly owned subsidiary of Freedom
US Markets, was founded in 2006 with the sole purpose of being an
independent resource in the micro-cap space. Whether it is the
Index, comprehensive data, or hosting the most significant events
annually, LD's sole mission is to serve as an invaluable asset for
all those interested in finding the next generation of great
companies. For more information on LD Micro, visit
www.ldmicro.com.
To present or register, please get in touch with
Dean@ldmicro.com
To learn more about Freedom US Markets, visit
www.freedomusmkts.com
Forward-Looking Statements
This release contains certain “forward looking
statements” and certain “forward-looking information” as defined
under applicable securities laws. Forward-looking statements and
information can generally be identified by the use of
forward-looking terminology such as “may”, “will”, “expect”,
“intend”, “estimate”, “anticipate”, “believe”, “continue”,
“plans” or similar terminology. Forward-looking statements and
information are based on forecasts of future results, estimates of
amounts not yet determinable and assumptions that, while believed
by management to be reasonable, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. These statements include, but may not be limited to
statements regarding the Company presenting at the 16th annual LD
Micro Main Event at the Luxe Sunset Boulevard Hotel, Los Angeles,
California from October 3 to 5, 2023; the Company regaining
compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A); the
Company’s common shares maintaining a minimum closing bid price of
US$1.00 for at least ten consecutive business days during the
Compliance Period. Forward-looking statements and information are
subject to various known and unknown risks and uncertainties, many
of which are beyond the ability of the Company to control or
predict, that may cause the Company’s actual results, performance
or achievements to be materially different from those expressed or
implied thereby, and are developed based on assumptions about
such risks, uncertainties and other factors set out here-in,
including but not limited to: the Company’s business, operations
and financial condition, the successful integration of technology,
the inherent risks involved in the general securities markets;
uncertainties relating to the availability and costs of financing
needed in the future; the inherent uncertainty of cost estimates
and the potential for unexpected costs and expenses, currency
fluctuations; regulatory restrictions, liability, competition,
loss of key employees and other related risks and uncertainties
disclosed under the heading “Risk Factors“ in the Company’s most
recent filings filed with securities regulators in Canada on the
SEDAR+ website at www.sedarplus.com and with the U.S. Securities
and Exchange Commission on the EDGAR website at www.sec.gov. The
Company undertakes no obligation to update forward-looking
information except as required by applicable law. Such
forward-looking information represents management’s best judgment
based on information currently available. No forward-looking
statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue
reliance on forward-looking statements or information.
Draganfly (TG:3U8A)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Draganfly (TG:3U8A)
Historical Stock Chart
Von Jun 2023 bis Jun 2024