NEWS
Draganfly Announces Effective Date of Share Consolidation
Draganfly Inc. (NASDAQ: DPRO) has announced a 1-for-25 share consolidation effective September 3, 2024. This move aims to ensure compliance with Nasdaq listing requirements. Post-consolidation, the company's outstanding common shares will reduce from 87,166,435 to 3,486,658. The consolidation will adjust the exercise price and number of shares issuable under outstanding convertible securities proportionately. Shareholders will receive instructions for exchanging their shares via a letter of transmittal from Endeavour Trust The company's name and stock symbols will remain unchanged, but new CUSIP and ISIN numbers will be assigned. Fractional shares will be rounded up to the nearest whole number.
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