- Draganfly (DFLY) has begun the necessary steps for listing its common shares on the NASDAQ exchange
- Draganfly has been busy with a New York-based investment bank to begin the process
- The listing is subject to the approval of the NASDAQ and will need to meet all the appropriate requirements
- Through the listing, the company hopes to increase its visibility, raise its overall profile, broaden its investor base, and increase the liquidity of its common shares
- Draganfly is currently up 54.89 per cent and is trading at C$2.06 per share
Draganfly (DFLY) has begun the necessary steps for listing its common shares on the NASDAQ exchange.
Draganfly has been busy with a New York-based investment bank to begin this process.
Not just any company can be listed on the NASDAQ. There are strict financial and liquidity requirements that must be met on the initial application and on a continuing basis.
At this point, the listing of common shares on the NASDAQ is subject to the approval of the exchange and for Draganfly to meet all the appropriate requirements.
While Draganfly intends to meet such requirements and criteria, there is no guarantee the NASDAQ will approve the application or that Draganfly will complete the listing proposed.
By up-listing to the NASDAQ, Draganfly’s management believes it will increase the visibility of itself, raise its overall profile, broaden its investor base, and increase the liquidity of its common shares.
CEO of Draganfly, Cameron Chell sees the decision to begin this listing process as a momentous step.
“Today’s announcement is a significant milestone in our efforts to build Draganfly into an industry-leading manufacturer and systems developer,” he said.
It’s been a big month of news for Draganfly and it’s only been 13 days into 2021.
It most recently was chosen by Alabama State University as the first location to implement Draganfly’s drone-applied sanitizer.
In doing so, Draganfly has patented this technology which will sanitize/spray Varigard, a bio-based organic sanitizer that is strong enough to kill off the COVID-19 virus and other bacteria.
Draganfly is currently up 54.89 per cent and is trading at C$2.06 per share at 1:00pm EST.
