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Regained Compliance
$Draganfly (DPRO.US)$
As previously disclosed, on April 5, 2024, Draganfly Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company of its noncompliance with Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Rule”) by failing to maintain a minimum stockholders’ equity of at least $2,500,000 required for continued listing on the Nasdaq Capital Market.
As previously disclosed, the Company had a hearing before an independent Nasdaq Hearings Panel (the “Panel”) on May 21, 2024.
With regard to the Company’s compliance with the Stockholders’ Equity Rule, the Company discussed with the Panel amendments to October 2023 warrants and May 2024 warrants. The amendments were to be to certain provisions related to determining the value of underlying common shares of the Company on completion of fundamental transactions in exchange for the exercise price of the Warrants being reduced such that the warrants would be classified as equity rather than as liabilities.
As previously disclosed, on August 7, 2024, the Company and the holder of the warrants entered into the amendments to the warrants.
As previously disclosed, on August 21, 2024, the Company closed its previously announced offering of 16,666,666 units of the Company, with each unit consisting of one common share (or one pre-funded warrant to purchase one common share in lieu thereof) and one warrant to purchase one common share. Each unit was sold at a public offering price of US$0.12, for gross proceeds of approximately US$2.0 million, before deducting underwriting discounts and offering expenses.
As a result of the transactions described above, the Company believes it has regained compliance with the Stockholders’ Equity Rule as of August 31, 2024. Nasdaq will continue to monitor the Company’s ongoing compliance with the Stockholders’ Equity Rule and, if at the time of its next periodic report, the Company does not evidence compliance, it may be subject to delisting.
As previously disclosed, on April 5, 2024, Draganfly Inc. (the “Company”) received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company of its noncompliance with Nasdaq Listing Rule 5550(b)(1) (the “Stockholders’ Equity Rule”) by failing to maintain a minimum stockholders’ equity of at least $2,500,000 required for continued listing on the Nasdaq Capital Market.
As previously disclosed, the Company had a hearing before an independent Nasdaq Hearings Panel (the “Panel”) on May 21, 2024.
With regard to the Company’s compliance with the Stockholders’ Equity Rule, the Company discussed with the Panel amendments to October 2023 warrants and May 2024 warrants. The amendments were to be to certain provisions related to determining the value of underlying common shares of the Company on completion of fundamental transactions in exchange for the exercise price of the Warrants being reduced such that the warrants would be classified as equity rather than as liabilities.
As previously disclosed, on August 7, 2024, the Company and the holder of the warrants entered into the amendments to the warrants.
As previously disclosed, on August 21, 2024, the Company closed its previously announced offering of 16,666,666 units of the Company, with each unit consisting of one common share (or one pre-funded warrant to purchase one common share in lieu thereof) and one warrant to purchase one common share. Each unit was sold at a public offering price of US$0.12, for gross proceeds of approximately US$2.0 million, before deducting underwriting discounts and offering expenses.
As a result of the transactions described above, the Company believes it has regained compliance with the Stockholders’ Equity Rule as of August 31, 2024. Nasdaq will continue to monitor the Company’s ongoing compliance with the Stockholders’ Equity Rule and, if at the time of its next periodic report, the Company does not evidence compliance, it may be subject to delisting.
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Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
ENOS Bashirian : Based on the latest situation and results.. if you ask a primary school student.. the answer is sure to be that the grass in the field is so lush and green..
Trytosaveabit OP ENOS Bashirian : Ok you lost me with that! But I will have a pull off whatever you’re smoking! Hehehe GL
Jaguar8 Trytosaveabit OP :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
MARKET-TEST-DUMMY : movin, just slow
Trytosaveabit OP MARKET-TEST-DUMMY : Yup! No volume! Especially for the sales it’s made recently! And more on the horizon probably!