{"id":786726,"date":"2023-09-28T08:36:45","date_gmt":"2023-09-28T12:36:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-participation-in-the-ld-micro-main-event-xvi-and-company-receives-minimum-bid-notification\/"},"modified":"2023-09-28T08:36:45","modified_gmt":"2023-09-28T12:36:45","slug":"draganfly-announces-participation-in-the-ld-micro-main-event-xvi-and-company-receives-minimum-bid-notification","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-participation-in-the-ld-micro-main-event-xvi-and-company-receives-minimum-bid-notification\/","title":{"rendered":"Draganfly Announces Participation in the LD Micro Main Event XVI and Company Receives Minimum Bid Notification"},"content":{"rendered":"
\n

\n Los Angeles, CA., Sept. 28, 2023 (GLOBE NEWSWIRE) — <\/strong>Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, announced today that it will be presenting at the 16th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, Los Angeles, California from October 3 to 5, 2023.<\/p>\n

More than 200 attendees are expected to attend the 16th annual LD Micro Main Event, comprising industry professionals, investors, and entrepreneurs seeking opportunities for growth and collaboration. This platform enables participating companies to present their innovative offerings and connect with like-minded individuals to explore potential avenues for expansion.<\/p>\n

Draganfly President and CEO Cameron Chell will present on October 3rd, 1 pm PST.<\/p>\n

We invite interested parties to register for the event here: https:\/\/me23.sequireevents.com\/<\/u><\/a><\/p>\n

The Company also announces that it received a letter from the Listing Qualifications Department of the Nasdaq Stock Market (\u201cNasdaq\u201d) indicating that, based upon the closing bid price of the Company\u2019s common shares for the 30 consecutive business day period between August 10, 2023, through September 21, 2023, the Company did not meet the minimum bid price of US$1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The Notice has no immediate effect on the listing of the Company\u2019s common shares on the Nasdaq Capital Market.<\/p>\n

The letter also indicated that the Company will be provided with a compliance period of 180 calendar days, or until March 20, 2024 (the \u201cCompliance Period\u201d), in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). In order to regain compliance with Nasdaq\u2019s minimum bid price requirement, the Company\u2019s common shares must maintain a minimum closing bid price of US$1.00 for at least ten consecutive business days during the Compliance Period.<\/p>\n

In the event the Company does not regain compliance by the end of the Compliance Period, the Company may be eligible for an additional 180 calendar days to regain compliance. To qualify, the Company will be required to meet the continued listing requirement for the market value of its publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company meets these requirements, the Company may be granted an additional 180 calendar days to regain compliance. However, if it appears to Nasdaq that the Company will be unable to cure the deficiency, or if the Company is not otherwise eligible for the additional cure period, the Company may face delisting.<\/p>\n

The letter has no immediate impact on the Company\u2019s business operations or listing of the Company\u2019s common shares, which will continue to be listed and traded on The Nasdaq Capital Market, subject to the Company\u2019s compliance with the other listing requirements of The Nasdaq Capital Market, as well as on the CSE.<\/p>\n

\n About Draganfly<\/strong>\n <\/p>\n

Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize the way organizations can do business and service their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, public health, mining, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.<\/p>\n

For more information on Draganfly, please visit us at: www.draganfly.com<\/a>.<\/p>\n

For additional investor information, visit https:\/\/www.thecse.com\/en\/listings\/technology\/draganfly-inc<\/a>, https:\/\/www.nasdaq.com\/market-activity\/stocks\/dpro<\/a> or https:\/\/www.boerse-frankfurt.de\/equity\/draganfly-inc-1<\/a>.<\/p>\n

\n Media Con<\/strong>
\n tact<\/strong>
\n
Arian Hopkins
Email: media@draganfly.com<\/a><\/p>\n

\n Comp<\/strong>
\n any Contact<\/strong>
\n
Email: info@draganfly.com<\/a><\/p>\n

\n About LD Micro<\/strong>\n <\/p>\n

LD Micro, a wholly owned subsidiary of Freedom US Markets, was founded in 2006 with the sole purpose of being an independent resource in the micro-cap space. Whether it is the Index, comprehensive data, or hosting the most significant events annually, LD’s sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. For more information on LD Micro, visit www.ldmicro.com<\/u><\/a>.<\/p>\n

To present or register, please get in touch with Dean@ldmicro.com<\/a><\/p>\n

To learn more about Freedom US Markets, visit www.freedomusmkts.com<\/u><\/a><\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This release contains certain \u201cforward looking statements\u201d and certain \u201cforward-looking information\u201d as \u200e\u200edefined under applicable securities laws. Forward-looking statements and information can \u200egenerally be \u200eidentified by the use of forward-looking terminology such as \u201cmay\u201d, \u201cwill\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u200e\u200e\u201cestimate\u201d, \u200e\u200e\u201canticipate\u201d, \u201cbelieve\u201d, \u201ccontinue\u201d, \u201cplans\u201d or similar terminology. Forward-looking statements \u200eand \u200einformation are based on forecasts of future results, estimates of amounts not yet determinable and \u200e\u200eassumptions that, while believed by management to be reasonable, are inherently subject to significant \u200e\u200ebusiness, economic and competitive uncertainties and contingencies. These statements include, but may \u200enot be limited to statements regarding \u200ethe Company presenting at the 16th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, Los Angeles, California from October 3 to 5, 2023; the Company regaining compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A); the Company\u2019s common shares maintaining a minimum closing bid price of US$1.00 for at least ten consecutive business days during the Compliance Period. Forward-looking statements and \u200einformation are subject to various known and \u200eunknown risks and uncertainties, many of which are beyond \u200ethe ability of the Company to control or \u200epredict, that may cause the Company\u2019s actual results, \u200eperformance or achievements to be materially \u200edifferent from those expressed or implied thereby, and are \u200edeveloped based on assumptions about \u200esuch risks, uncertainties and other factors set out here-in, \u200eincluding but not limited to: the Company\u2019s business, \u200eoperations and financial condition, the \u200esuccessful integration of technology, the inherent risks involved in \u200ethe general securities markets; \u200euncertainties relating to the availability and costs of financing needed in \u200ethe future; the inherent \u200euncertainty of cost estimates and the potential for unexpected costs and \u200eexpenses, currency \u200efluctuations; regulatory restrictions, liability, competition, loss of key employees and \u200eother related risks \u200eand uncertainties disclosed under the heading \u201cRisk Factors\u201c in the Company\u2019s most \u200erecent filings filed \u200ewith securities regulators in Canada on the SEDAR+ website at www.sedarplus.com<\/a> and with the U.S. \u200eSecurities and Exchange Commission on the EDGAR website at www.sec.gov<\/a>. The \u200eCompany undertakes \u200eno obligation to update forward-looking information except as required by \u200eapplicable law. Such forward-\u200elooking information represents management\u2019s best judgment based on information currently available. \u200eNo forward-looking statement can be guaranteed and actual future results \u200emay vary materially. \u200eAccordingly, readers are advised not to place undue reliance on forward-looking \u200estatements or \u200einformation.\u200e<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Los Angeles, CA., Sept. 28, 2023 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, announced today that it will be presenting at the 16th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, Los Angeles, California from October 3 to 5, 2023. More than 200 attendees are expected to attend the 16th annual LD Micro Main Event, comprising industry professionals, investors, and entrepreneurs seeking opportunities for growth and collaboration. This platform enables participating companies to present their innovative offerings and connect with like-minded individuals to explore potential avenues for expansion. Draganfly President and CEO Cameron Chell will present on October 3rd, 1 pm … <\/p>\n

Continue reading “Draganfly Announces Participation in the LD Micro Main Event XVI and Company Receives Minimum Bid Notification”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-786726","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDraganfly Announces Participation in the LD Micro Main Event XVI and Company Receives Minimum Bid Notification - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/draganfly-announces-participation-in-the-ld-micro-main-event-xvi-and-company-receives-minimum-bid-notification\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Draganfly Announces Participation in the LD Micro Main Event XVI and Company Receives Minimum Bid Notification - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Los Angeles, CA., Sept. 28, 2023 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, announced today that it will be presenting at the 16th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, Los Angeles, California from October 3 to 5, 2023. More than 200 attendees are expected to attend the 16th annual LD Micro Main Event, comprising industry professionals, investors, and entrepreneurs seeking opportunities for growth and collaboration. This platform enables participating companies to present their innovative offerings and connect with like-minded individuals to explore potential avenues for expansion. 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(NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (\u201cDraganfly\u201d or the \u201cCompany\u201d), an award-winning, industry-leading drone solutions and systems developer, announced today that it will be presenting at the 16th annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, Los Angeles, California from October 3 to 5, 2023. More than 200 attendees are expected to attend the 16th annual LD Micro Main Event, comprising industry professionals, investors, and entrepreneurs seeking opportunities for growth and collaboration. This platform enables participating companies to present their innovative offerings and connect with like-minded individuals to explore potential avenues for expansion. 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