SCHEDULE 13G: Armistice Capital and Steven Boyd Disclose 8.86% Stake in Draganfly Inc.

Armistice Capital, LLC and Steven Boyd have reported a beneficial ownership of 8.86% of Draganfly Inc.'s common stock as of December 31, 2024.

Summary

• Armistice Capital, LLC and Steven Boyd (collectively, the "Reporting Persons") have filed a Schedule 13G with the SEC.
• As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 480,794 shares of Draganfly Inc. common stock, par value $0.004 per share.
• This ownership represents 8.86% of the total class of Draganfly Inc. common stock outstanding.
• The Reporting Persons hold shared voting power and shared dispositive power over all 480,794 shares.
• Armistice Capital, LLC, a Delaware entity, acts as the investment manager for Armistice Capital Master Fund Ltd., the direct holder of the shares.
• Steven Boyd, a U.S. citizen, is the managing member of Armistice Capital, LLC.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Draganfly Inc.

Sentiment

Score: 6

Explanation: The disclosure of a significant institutional stake is generally a positive signal of investor confidence, though the filing itself is a routine regulatory requirement and does not contain operational or financial performance details of the issuer.

Positives

• A significant institutional investor, Armistice Capital, LLC, has taken a substantial stake in Draganfly Inc., which can be interpreted as a vote of confidence in the company's prospects.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business, indicating a passive investment rather than an activist intent to influence company control.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from Draganfly Inc. or the reporting persons regarding the company's future performance or strategic direction.

Industry Context

This filing indicates continued institutional investor interest in companies like Draganfly Inc., which operates in the drone and related technology sectors. The acquisition of a significant stake by Armistice Capital, LLC suggests that certain investment firms see value in the company's market position or future potential within its industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may be viewed positively by existing shareholders, potentially signaling increased institutional confidence and liquidity in the stock.
• Management: The company's management may view this as a validation of their strategy, though the filing explicitly states no intent to influence control.

Next Steps

• The Reporting Persons will be required to file amendments to this Schedule 13G if there are material changes to their beneficial ownership percentage or the nature of their ownership.

Key Dates

Keywords

Draganfly Inc., Armistice Capital, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment