Draganfly (TSE:DPRO) has released an update.
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Draganfly Inc. has reported that following recent amendments to warrants and a public offering that raised approximately $2 million, it believes it has regained compliance with Nasdaq’s Stockholders’ Equity Rule requiring a minimum equity of $2.5 million. The company previously faced noncompliance issues but now expects to meet Nasdaq’s continued listing criteria. Nasdaq will continue to monitor Draganfly’s compliance status, with potential delisting at stake if noncompliance is found in future reports.
For further insights into TSE:DPRO stock, check out TipRanks’ Stock Analysis page.
