SCHEDULE: Intracoastal Capital Discloses 4.99% Passive Stake in Draganfly Inc.
Beneficial Ownership Disclosure
Intracoastal Capital LLC, along with Mitchell P. Kopin and Daniel B. Asher, has disclosed a passive beneficial ownership of 4.99% in Draganfly Inc.'s common shares.
Summary
- Mitchell P. Kopin, Daniel B. Asher, and Intracoastal Capital LLC (collectively, the "Reporting Persons") have filed a Schedule 13G disclosing their beneficial ownership in Draganfly Inc.
- As of July 23, 2025, the Reporting Persons beneficially own an aggregate of 990,228 common shares of Draganfly Inc., representing approximately 4.99% of the company's outstanding common stock.
- This ownership consists of 934,579 shares issuable upon exercise of Intracoastal Warrant 1 and 55,649 shares issuable upon exercise of Intracoastal Warrant 3.
- Immediately following the execution of a Securities Purchase Agreement (SPA) on July 17, 2025, the Reporting Persons were deemed to have beneficial ownership of 1,557,283 shares, representing approximately 9.99% of the common stock at that time.
- The decrease in percentage ownership from 9.99% to 4.99% is primarily due to the issuance of an additional 4,672,895 common shares at the closing of the SPA transaction and 150,000 shares upon exercise of Intracoastal Warrant 3 by the Issuer.
- The reported beneficial ownership excludes certain shares due to blocker provisions in the warrants, which prevent exercise if it would result in ownership exceeding 9.99% or 4.99% thresholds.
- The Reporting Persons certify that the securities were not acquired and are not held for the purpose of changing or influencing the control of Draganfly Inc.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant passive ownership stake, which does not inherently provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Disclosure of a significant passive stake by an institutional investor group provides transparency regarding the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 07/17/2025 | Date of event which required the filing of this statement (execution of Securities Purchase Agreement with Draganfly Inc.). |
| 07/18/2025 | Date Draganfly Inc. filed Form 6-K disclosing the Securities Purchase Agreement. |
| 07/23/2025 | Date of the Schedule 13G filing and the date for which beneficial ownership is reported. |
Keywords
Draganfly Inc., Intracoastal Capital LLC, Schedule 13G, Beneficial Ownership, Common Shares, Passive Investment, Warrants, Securities Purchase Agreement
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