- Announced that the Company has started the process of preparing for a listing of its common shares on the NASDAQ Capital Market
- Company has engaged a New York based investment bank to begin the NASDAQ listing process.
- The NASDAQ is a mark of achievement and stature for qualified companies.
- Listed companies must meet financial and liquidity requirements and satisfy corporate governance and disclosure requirements on both an initial and continuing basis.
Los Angeles, CA., Jan. 13, 2021 — Draganfly Inc. (OTCQB: DFLYF) (CSE: DFLY) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading manufacturer and systems developer, today announced that the Company has started the process of preparing for a listing of its common shares on the NASDAQ Capital Market (“NASDAQ”).
The Company has engaged a New York based investment bank to begin the NASDAQ listing process. The NASDAQ is a mark of achievement and stature for qualified companies. Listed companies must meet financial and liquidity requirements and satisfy corporate governance and disclosure requirements on both an initial and continuing basis.
The listing of the Company’s common shares on the NASDAQ is subject to the approval of the NASDAQ and the ability of the Company to satisfy all applicable listing and regulatory requirements. While the Company intends to satisfy all of the applicable listing criteria, there is no assurance that the NASDAQ will approve the Company’s application or that the Company will complete the listing as proposed.
Draganfly management believes up-listing to NASDAQ will:
- Provide additional opportunities to attract institutional and retail investors, allowing the Company to broaden its investor base in the United States and internationally.
- Increase the visibility of the Company, its growth strategy, accomplishments and results to date.
- Embark on an aggressive M&A strategy.
- Increase liquidity of the Company’s common shares; and
- Raise the Company’s overall profile and ultimately enhance shareholder value.
“Today’s announcement is a significant milestone in our efforts to build Draganfly into an industry-leading manufacturer and systems developer,” said Cameron Chell, CEO of Draganfly. “In addition to increasing our visibility in the marketplace, the up-listing should improve the liquidity of our stock, broaden our institutional shareholder base and augment long-term shareholder value.”
Draganfly had significant growth in 2020 in regard to its customer acquisitions, partnerships, product development and the growth of the Company’s sales pipeline. Here are some highlights from the past twelve months:
- Launched the Vital Intelligence Smart Vital COVID-19 assessment platform that can automatically detect elevated body temperature and, with voluntary consent, heart rate, respiratory rate and O2 saturation, all from a camera that takes seconds to capture the information.
- Launched a telehealth app for third party developers to integrate the Smart Vital technology with their own apps and devices.
- Achieved 200%+ year-over-year revenue growth with 50% quarter-over-quarter revenue growth in the third quarter (1) ;
- Launched two additional flight services divisions in the mining and facility management industries (which includes providing the delivery via Draganfly’s patented drone technologies of the Varigard pathogen and virus surface sanitizer);
- Exclusive worldwide distributor of Aerovironment’s (NASDAQ: AVAV) Quantix Mapper RPAS;
- Selected by Coldchain Technology Services, LLC to immediately develop and provide flight services of a robust vaccine delivery payload for use in critical regions for drone delivery of the COVID-19 vaccine; and
- Awarded new patent for a vertical take-off and landing (VTOL) cargo delivery drone with variable center of gravity.
Read More: https://agoracom.com/ir/Draganfly/forums/discussion/topics/752917-draganfly-begins-process-to-list-on-nasdaq/messages/2297567#message
Tags: AGEAGLE AERIAL SYSTEMS, AI, ALPINE 4 TECHNOLOGIES, CSE, DRONE DELIVERY CANADA, Drones, investments, small cap, small cap stocks, stocks