Draganfly Inc. Consolidates Shares 10-for-1
Ticker: DPRO · Form: 6-K · Filed: Aug 26, 2024 · CIK: 1786286
| Field | Detail |
|---|---|
| Company | Draganfly INC. (DPRO) |
| Form Type | 6-K |
| Filed Date | Aug 26, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-consolidation, reverse-stock-split, sec-filing
Related Tickers: Dfly
TL;DR
Draganfly is doing a 10-for-1 stock split effective Aug 26th, reducing shares outstanding.
AI Summary
Draganfly Inc. announced the effective date of its share consolidation, which will take place on August 26, 2024. This consolidation will reduce the number of outstanding common shares from approximately 130 million to about 13 million, on a 10-for-1 basis. The company's stock will continue to trade on the NASDAQ under the symbol 'Dfly' with a new CUSIP number.
Why It Matters
This share consolidation is often done to increase the per-share price, potentially making the stock more attractive to institutional investors and meeting exchange listing requirements.
Risk Assessment
Risk Level: medium — Share consolidations can sometimes signal underlying financial challenges or be a precursor to delisting if the stock price remains low.
Key Numbers
- 10-for-1 — Share Consolidation Ratio (Reduces outstanding shares)
- 130 million — Current Outstanding Shares (Pre-consolidation number)
- 13 million — Post-Consolidation Shares (Expected number after consolidation)
Key Players & Entities
- Draganfly Inc. (company) — Registrant
- August 26, 2024 (date) — Effective date of share consolidation
- NASDAQ (company) — Stock exchange
- Dfly (ticker) — Stock symbol
- Paul Sun (person) — Chief Financial Officer
- August 23, 2024 (date) — Filing date
FAQ
What is the primary purpose of the share consolidation announced by Draganfly Inc.?
The primary purpose is to reduce the number of outstanding common shares from approximately 130 million to about 13 million on a 10-for-1 basis, effective August 26, 2024.
Will Draganfly Inc.'s stock ticker symbol change after the consolidation?
No, the company's stock will continue to trade on the NASDAQ under the symbol 'Dfly'.
What is the new CUSIP number for Draganfly Inc. shares after the consolidation?
The filing indicates a new CUSIP number will be assigned, but it is not explicitly stated in the provided text.
Who signed the Form 6-K filing on behalf of Draganfly Inc.?
Paul Sun, Chief Financial Officer, signed the Form 6-K filing on August 23, 2024.
What is the effective date of the share consolidation?
The share consolidation is effective on August 26, 2024.
Filing Stats: 154 words · 1 min read · ~1 pages · Grade level 10.2 · Accepted 2024-08-23 18:31:45
Filing Documents
- form6-k.htm (6-K) — 16KB
- ex99-1.htm (EX-99.1) — 16KB
- ex99-1_001.jpg (GRAPHIC) — 10KB
- 0001493152-24-033784.txt ( ) — 47KB
SIGNATURES
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: August 23, 2024 By: /s/ Paul Sun Name: Paul Sun Title: Chief Financial Officer Form 6-K Exhibit Index Exhibit Number Document Description 99.1 Press Release of the Registrant dated August 23, 2024