Draganfly will be featured on Bloomberg in the RedChip Money Report® on July 30 and the company will receive a minimum bid notification

Draganfly Inc

Los Angeles, California, July 29, 2022 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning and industry-leading developer of drone solutions and systems, is pleased to announce that an interview with Draganfly President and CEO Cameron Chell will air on The RedChip Money Report® on Bloomberg TV, this Saturday, July 30, 2022 at 7 p.m. ET.

Bloomberg TV is available in approximately 73 million homes in the United States. Draganfly was the last Featured on The RedChip Money Report® June 18, 2022.

In an exclusive interview with RedChip Money Report, Cameron Chell will discuss Draganfly’s more than 20 years of experience as a provider of drone solutions, software and artificial intelligence systems, the company’s record revenues and sales , the $20 billion growth opportunity in the commercial space and much more.

To access the full interview, click on here.

Produced by RedChip Companies Inc., the RedChip Money Report® is an international investor relations and media firm with 30 years of experience focused on finding tomorrow’s Blue Chips today. The RedChip Money Report® provides insightful commentary on small cap investing, interviews with Wall Street analysts, financial book reviews, and interviews with public company executives.

The Company also announces that it has received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that, based on the closing bid price of the Company’s common stock for the 30-day period consecutive business days between June 10, 2022, through July 25, 2022, the Company has not reached the minimum bid price of $1.00 per share required to maintain listing on the Nasdaq Capital Market in accordance with Nasdaq listing rule 5550(a)(2). The Notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market.

The letter also stated that the Company would have a compliance period of 180 calendar days, or until January 23, 2023 (the “Compliance Period”), to regain compliance under Nasdaq listing rule 5810 ( c) (3). (A). In order to restore compliance with Nasdaq’s minimum bid price requirement, the Company’s common stock 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 that the Company does not regain compliance at the end of the Compliance Period, the Company may be entitled to an additional 180 calendar days to regain compliance. To qualify, the Company will be required to meet the continuous listing requirement for the market value of its publicly held shares and all other initial listing standards for the Nasdaq Capital Markets except the offer price requirement, and shall provide written notice of its intention to make up the shortfall during the second compliance period, by consolidating shares, if necessary. If the Company meets these requirements, the Company may be granted an additional 180 calendar days to return to compliance. However, if it appears to Nasdaq that the Company will not be able to remedy the deficiency, or if the Company is not otherwise eligible for the additional remediation period, the Company could be subject to delisting. .

The letter has no immediate impact on the Company’s business operations or the listing of the Company’s common stock, which will continue to be listed and traded on the Nasdaq Capital Market, subject to the Company’s compliance with other Nasdaq Capital Market listing requirements, as well as on the CSE.

About Draganfly

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone, software and artificial intelligence systems solutions that are revolutionizing the way organizations can do business and serve their stakeholders. Recognized as being at the forefront of technology for over 20 years, Draganfly is an award-winning industry leader serving the markets of public safety, public health, mining, agriculture, industrial inspections, security, mapping and surveying. Draganfly is a company driven by passion, ingenuity and the need to provide effective solutions and first-class services to its customers around the world with the aim of saving time, money and lives.

For more information about Draganfly, please visit us at www.draganfly.com.
For more information on investors, visit https://www.thecse.com/en/listings/technology/draganfly-inc, https://www.nasdaq.com/market-activity/stocks/dpro Where https://www.boerse-frankfurt.de/equity/draganfly-inc-1.

Media Contact
Arian Hopkins
E-mail: [email protected]

Company details
E-mail: [email protected]

Forward-looking statements

This press release contains certain “forward-looking statements” and certain “forward-looking information” as defined by applicable Canadian 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”. , “believes”, “continues”, “plans” or similar terminology. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions which, although deemed reasonable by management, are inherently subject to significant commercial, economic and competitive uncertainties and contingencies. Forward-looking statements include, but are not limited to, statements regarding the Cameron Chell interview aired on The RedChip Money Report® and the Company’s compliance with the Nasdaq Minimum Bid Price Requirement and related compliance periods. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s ability to control or predict, which may cause the Company’s actual results, performance or achievements to be materially different. of those expressed or implied by them, and are made based on assumptions regarding such risks, uncertainties and other factors set forth herein, including, but not limited to: the potential impact of epidemics, pandemics or other public health crises, including the COVID-19 pandemic, on the Company’s business, operations and financial condition; the successful integration of technology; risks inherent in general securities markets; uncertainties relating to the availability and costs of necessary financing in the future; the inherent uncertainty of cost estimates; the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions; and 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 with the securities regulatory authorities in Canada on SEDAR. at www.sedar.com. The Company undertakes no obligation to update any forward-looking information except as required by applicable law. This 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 cautioned not to place undue reliance on any forward-looking statements or information.

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