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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 3/27/23 Draganfly Inc. 40-F 12/31/22 129:11M M2 Compliance LLC/FA |
Document/Exhibit Description Pages Size
1: 40-F Annual Report by a Canadian Issuer HTML 123K
2: EX-99.1 Miscellaneous Exhibit HTML 720K
3: EX-99.2 Miscellaneous Exhibit HTML 1.50M
4: EX-99.3 Miscellaneous Exhibit HTML 642K
5: EX-99.4 Miscellaneous Exhibit HTML 35K
6: EX-99.5 Miscellaneous Exhibit HTML 35K
7: EX-99.6 Miscellaneous Exhibit HTML 31K
8: EX-99.7 Miscellaneous Exhibit HTML 31K
9: EX-99.8 Miscellaneous Exhibit HTML 30K
15: R1 Cover HTML 94K
16: R2 Consolidated Statements of Financial Position HTML 105K
17: R3 Consolidated Statements of Comprehensive Loss HTML 111K
18: R4 Consolidated Statements of Changes in HTML 83K
Shareholders' Equity
19: R5 Consolidated Statements of Cash Flows HTML 119K
20: R6 Nature and Continuance of Operations HTML 36K
21: R7 Basis of Preparation HTML 163K
22: R8 Vital Intelligence Acquisition HTML 67K
23: R9 Cash and Cash Equivalents HTML 57K
24: R10 Receivables HTML 37K
25: R11 Inventory HTML 44K
26: R12 Notes Receivable HTML 78K
27: R13 Prepaids HTML 41K
28: R14 Investments HTML 59K
29: R15 Equipment HTML 72K
30: R16 Intangible Assets and Goodwill HTML 113K
31: R17 Right of Use Assets HTML 43K
32: R18 Lease Liabilites HTML 47K
33: R19 Trade Payables and Accrued Liabilities HTML 36K
34: R20 Deferred Income HTML 38K
35: R21 Loans Payable HTML 58K
36: R22 Share Capital HTML 236K
37: R23 Segmented Information HTML 70K
38: R24 Office and Miscellaneous HTML 38K
39: R25 Related Party Transactions HTML 63K
40: R26 Financial Instruments and Financial Risk HTML 80K
Management
41: R27 Income Taxes HTML 52K
42: R28 Supplemental Cash Flow Disclosures HTML 38K
43: R29 Subsequent Events HTML 35K
44: R30 Basis of Preparation (Policies) HTML 212K
45: R31 Basis of Preparation (Tables) HTML 66K
46: R32 Vital Intelligence Acquisition (Tables) HTML 45K
47: R33 Cash and Cash Equivalents (Tables) HTML 36K
48: R34 Receivables (Tables) HTML 37K
49: R35 Inventory (Tables) HTML 40K
50: R36 Notes Receivable (Tables) HTML 67K
51: R37 Prepaids (Tables) HTML 37K
52: R38 Investments (Tables) HTML 55K
53: R39 Equipment (Tables) HTML 72K
54: R40 Intangible Assets and Goodwill (Tables) HTML 85K
55: R41 Right of Use Assets (Tables) HTML 39K
56: R42 Lease Liabilites (Tables) HTML 47K
57: R43 Trade Payables and Accrued Liabilities (Tables) HTML 35K
58: R44 Deferred Income (Tables) HTML 36K
59: R45 Loans Payable (Tables) HTML 49K
60: R46 Share Capital (Tables) HTML 199K
61: R47 Segmented Information (Tables) HTML 67K
62: R48 Office and Miscellaneous (Tables) HTML 36K
63: R49 Related Party Transactions (Tables) HTML 46K
64: R50 Financial Instruments and Financial Risk HTML 64K
Management (Tables)
65: R51 Income Taxes (Tables) HTML 49K
66: R52 Nature and Continuance of Operations (Details HTML 33K
Narrative)
67: R53 Schedule of Results of Operations (Details) HTML 45K
68: R54 Schedule of Functional Currencies (Details) HTML 43K
69: R55 Schedule of Financial Instruments (Details) HTML 48K
70: R56 Schedule of Intangible Assets Useful Lives HTML 38K
(Details)
71: R57 Schedule of Depreciation Rates (Details) HTML 42K
72: R58 Schedule of Contingent Consideration (Details) HTML 35K
73: R59 Schedule of Purchase Price Allocation for Vital HTML 48K
Intelligence (Details)
74: R60 Vital Intelligence Acquisition (Details Narrative) HTML 74K
75: R61 Schedule of Cash and Cash Equivalents (Details) HTML 37K
76: R62 Cash and Cash Equivalents (Details Narrative) HTML 44K
77: R63 Schedule of Amounts Receivable (Details) HTML 38K
78: R64 Schedule of Inventories (Details) HTML 36K
79: R65 Schedule of Cost of Sales (Details) HTML 37K
80: R66 Inventory (Details Narrative) HTML 36K
81: R67 Disclosure of Notes Receivable (Details) HTML 78K
82: R68 Notes Receivable (Details Narrative) HTML 75K
83: R69 Schedule of Prepaid Expenses and Deposits HTML 44K
(Details)
84: R70 Schedule of Prepaid Expenses and Deposits HTML 30K
(Details) (Parenthetical)
85: R71 Schedule of Investments (Details) HTML 36K
86: R72 Schedule of Fair Value of Investment (Details) HTML 40K
87: R73 Schedule of Weighted Average Assumption for Fair HTML 43K
Values Warrants (Details)
88: R74 Schedule of Property, Plant and Equipment HTML 75K
(Details)
89: R75 Schedule of Intellectual Property (Details) HTML 94K
90: R76 Investments (Details Narrative) HTML 37K
91: R77 Intangible Assets and Goodwill (Details Narrative) HTML 68K
92: R78 Schedule of Right of Use Assets (Details) HTML 43K
93: R79 Schedule of Operating Lease Liabilities (Details) HTML 43K
94: R80 Schedule of Operating Maturity Analysis (Details) HTML 43K
95: R81 Schedule of Trade Payables and Accrued Liabilities HTML 38K
(Details)
96: R82 Schedule of Deferred Income (Details) HTML 35K
97: R83 Schedule of Loans Payable (Details) HTML 37K
98: R84 Schedule of Loans (Details) HTML 48K
99: R85 Lease Liability (Details Narrative) HTML 30K
100: R86 Loans Payable (Details Narrative) HTML 46K
101: R87 Schedule of Stock Options Outstanding and HTML 105K
Exercisable (Details)
102: R88 Schedule of Weighted Average Assumptions (Details) HTML 47K
103: R89 Summary of Changes in Restricted Stock Units HTML 41K
(Details)
104: R90 Schedule of Warrant Derivative Liability (Details) HTML 45K
105: R91 Schedule of Warrants and Fair Value Outstanding HTML 53K
(Details)
106: R92 Schedule of Weighted Average Assumption for HTML 51K
Warrants (Details)
107: R93 Summary of Changes in Warrants (Details) HTML 57K
108: R94 Schedule of Warrants Outstanding (Details) HTML 53K
109: R95 Share Capital (Details Narrative) HTML 101K
110: R96 Schedule of Segmented Information (Details) HTML 80K
111: R97 Schedule of Geographic Revenue (Details) HTML 39K
112: R98 Schedule of Office and Miscellaneous Expenses HTML 39K
(Details)
113: R99 Schedule of Key Compensation Awards (Details) HTML 36K
114: R100 Schedule of Key Management Transactions (Details) HTML 48K
115: R101 Related Party Transactions (Details Narrative) HTML 47K
116: R102 Schedule of Contractual Maturities of Financial HTML 56K
Liabilities (Details)
117: R103 Schedule of Changes in Foreign Exchange Rates HTML 33K
(Details)
118: R104 Schedule of Financial Assets Measured Fair Value HTML 48K
Through Profit and Loss (Details)
119: R105 Financial Instruments and Financial Risk HTML 32K
Management (Details Narrative)
120: R106 Schedule of Income Tax (Details) HTML 51K
121: R107 Schedule of Deferred Taxes (Details) HTML 44K
122: R108 Income Taxes (Details Narrative) HTML 31K
123: R109 Supplemental Cash Flow Disclosures (Details HTML 44K
Narrative)
124: R110 Subsequent Events (Details Narrative) HTML 41K
127: XML IDEA XML File -- Filing Summary XML 232K
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126: EXCEL IDEA Workbook of Financial Reports XLSX 224K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
(Check One)
i ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934
OR
i ☒ ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| For the fiscal year ended: i i December 31, i 2022 / | Commission File Number: i 001-40688 |
(Exact name of Registrant as specified in its charter)
Not Applicable
(Translation of Registrant’s name into English (if applicable))
(Province or other jurisdiction of incorporation or organization)
3721
(Primary Standard Industrial Classification Code Number (if applicable))
Not Applicable
(I.R.S. Employer Identification Number (if applicable))
i Saskatoon, Saskatchewan, i S7M 0K7
(Address and telephone number of Registrant’s principal executive offices)
i 1015 15th Street, i N.W.,Suite 1000
i Washington, i DC i 20005
(Name, address (including zip code) and telephone number (including area code) of agent for service in the United States)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
| Title of each class | Ticker Symbol(s) | Name of each exchange on which registered | ||
| i Common Shares | i DRPO | The i Nasdaq Stock Market LLC |
Securities registered or to be registered pursuant to Section 12(g) of the Act:
None
(Title of Class)
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
None
(Title of Class)
For annual reports, indicate by check mark the information filed with this Form:
i i ☒ / Annual information form ☒ Audited annual financial statements
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. i ☐
† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).
EXPLANATORY NOTE
Draganfly Inc. (the “Registrant”) is a Canadian corporation eligible to file its Annual Report pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), on Form 40-F. The Registrant is a “foreign private issuer” as defined in Rule 3b-4 under the Exchange Act. Equity securities of the Registrant are accordingly exempt from Sections 14(a), 14(b), 14(c), 14(f) and 16 of the Exchange Act pursuant to Rule 3a12-3 thereunder.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this Annual Report on Form 40-F are forward-looking statements within the meaning of Section 21E of the Exchange Act and Section 27A of the Securities Act of 1933, as amended (the “Securities Act”). Additionally, the safe harbor provided in Section 21E of the Exchange Act and Section 27A of the Securities Act applies to any forward-looking information provided pursuant to “Off-Balance Sheet Arrangements” and “Disclosure of Contractual Obligations” in this Annual Report on Form 40-F. Please see “Cautionary Statement Regarding Forward-Looking Statements” beginning on page 2 of the Management’s Discussion and Analysis for the fiscal year ended December 31, 2022 of the Registrant, attached as Exhibit 99.3 to this Annual Report on Form 40-F, and “Cautionary Note Regarding Forward-Looking Information” beginning on page 1 of the Annual Information Form for the fiscal year ended December 31, 2022 of the Registrant, attached as Exhibit 99.1 to this Annual Report on Form 40-F.
DIFFERENCES IN UNITED STATES AND CANADIAN REPORTING PRACTICES
The Registrant is permitted, under a multijurisdictional disclosure system adopted by the United States, to prepare this Annual Report on Form 40-F in accordance with Canadian disclosure requirements, which are different from those of the United States.
The Registrant prepares its consolidated financial statements, which are filed with this Annual Report on Form 40-F, in accordance with International Financial Reporting Standards, as issued by the International Accounting Standards Board (“IFRS”). Such financial statements may not be comparable to financial statements prepared in accordance with United States generally accepted accounting principles.
| 2 |
Unless otherwise indicated, all dollar amounts in this Annual Report on Form 40-F are in Canadian dollars. The exchange rate of United States dollars into Canadian dollars, on December 30, 2022, based upon historical rates published by the Bank of Canada, was U.S.$1.00 = C$1.3544.
Purchasing, holding, or disposing of securities of the Registrant may have tax consequences under the laws of the United States and Canada that are not described in this Annual Report on Form 40-F.
PRINCIPAL DOCUMENTS
Annual Information Form
The Registrant’s Annual Information Form for the fiscal year ended December 31, 2022 is filed as Exhibit 99.1 and incorporated by reference in this Annual Report on Form 40-F.
Audited Annual Financial Statements
The audited consolidated financial statements of the Registrant for the fiscal year ended December 31, 2022 and 2021, including the Independent Auditor’s Report with respect thereto, are filed as Exhibit 99.2 and incorporated by reference in this Annual Report on Form 40-F.
Management’s Discussion and Analysis
The Registrant’s Management’s Discussion and Analysis for the fiscal year ended December 31, 2022 is filed as Exhibit 99.3 and incorporated by reference in this Annual Report on Form 40-F.
CONTROLS AND PROCEDURES
Certifications
The required certifications are included in Exhibits 99.4, 99.5, 99.6 and 99.7 of this Annual Report on Form 40-F.
| 3 |
Disclosure Controls and Procedures
At the end of the period covered by this report, an evaluation of the effectiveness of the design and operation of the Registrant’s “disclosure controls and procedures” (as such term is defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) was carried out by the Registrant’s principal executive officer (the “CEO”) and principal financial officer (the “CFO”). Based upon that evaluation, the Registrant’s CEO and CFO have concluded that, as of the end of the period covered by this report, the design and operation of the Registrant’s disclosure controls and procedures are effective to ensure that (i) information required to be disclosed in reports that the Registrant files or submits to regulatory authorities is recorded, processed, summarized and reported within the time periods specified by regulation, and (ii) is accumulated and communicated to management, including the Registrant’s CEO and CFO, to allow timely decisions regarding required disclosure.
It should be noted that while the Registrant’s CEO and CFO believe that the Registrant’s disclosure controls and procedures provide a reasonable level of assurance that they are effective, they do not expect that the Registrant’s disclosure controls and procedures will prevent all errors and fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.
Management Report on Internal Control Over Financial Reporting & Auditor Attestation
Management is responsible for establishing and maintaining adequate internal control over financial reporting (as such term is defined in Rule 13a-15(f) and Rule 15d-15(f) under the Exchange Act) and has designed such internal control over financial reporting to provide reasonable assurance regarding the reliability of financial reporting and preparation of financial statements for external purposes in accordance with IFRS.
In designing and evaluating the Company’s internal control over financial reporting, the Company’s management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives and management necessarily applies its reasonable judgment in evaluating the cost-benefit relationship of possible controls and procedures. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies and procedures may deteriorate.
Management conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2022. In making this assessment, management used the criteria set forth in “Internal Control - Integrated Framework (2013)” issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on this evaluation, management concluded that the Company’s internal control over financial reporting was effective as of December 31, 2022, based on those criteria.
In accordance with the JOBS Act enacted on April 5, 2012, the Company qualifies as an “emerging growth company,” which entitles the Company to take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not EGCs. Specifically, the JOBS Act defers the requirement to have the Company’s independent auditor assess the Company’s internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act. As such, the Company is exempted from the requirement to include an auditor attestation report in this Annual Report for so long as the Company remains an EGC, which may be for as long as five years following its initial registration in the United States.
| 4 |
Changes in Internal Control over Financial Reporting
During the year ended December 31, 2022, there were no changes in the Registrant’s internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
NOTICES PURSUANT TO REGULATION BTR
There were no notices required by Rule 104 of Regulation BTR that the Registrant sent during the year ended December 31, 2022 concerning any equity security subject to a blackout period under Rule 101 of Regulation BTR.
AUDIT COMMITTEE AND AUDIT COMMITTEE FINANCIAL EXPERT
Audit Committee
The Board of Directors has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Exchange Act for the purpose of overseeing the accounting and financial reporting processes of the Registrant and audits of the Registrant’s annual financial statements. As of the date of this Annual Report on Form 40-F, the members of the Audit Committee are Olen Aasen, Julie Myers Wood and John M. Mitnick.
The Board of Directors of the Registrant has determined that all members of the Audit Committee are “independent,” as such term is defined under the rules of The Nasdaq Stock Market LLC (“Nasdaq”). Further, the Registrant has determined that all members of the Audit Committee are financially literate, meaning that they must be able to read and understand fundamental financial statements.
Audit Committee Financial Expert
The Board of Directors of the Registrant has determined that the Chair of the Audit Committee, Olen Aasen is an “audit committee financial expert,” as defined in General Instruction B(8)(b) of Form 40-F. The U.S. Securities and Exchange Commission (the “Commission”) has indicated that the designation of Olen Aasen, as an audit committee financial expert does not make him an “expert” for any purpose, impose any duties, obligations or liability on him that are greater than those imposed on members of the audit committee and board of directors who do not carry this designation or affect the duties, obligations or liability of any other member of the audit committee.
| 5 |
CODE OF ETHICS
The Registrant has adopted a written code of ethics for its directors, officers and employees entitled “Code of Business Conduct and Ethics” (the “Code”) that complies with Section 406 of the Sarbanes-Oxley Act of 2002 and with Nasdaq Listing Rule 5610. The Code includes, among other things, written standards for the Registrant’s CEO, CFO and principal accounting officer or controller, or persons performing similar functions, which are required by the Commission for a code of ethics applicable to such officers. A copy of the Code is posted on the Registrant’s website at https://investor.draganfly.com/governance-documents/ under “Code of Ethics”.
No substantive amendments to the Code were adopted during the year ended December 31, 2022. No “waiver” or “implicit waiver,” as such terms are defined in Note 6 to General Instruction B(9) of Form 40-F, was granted relating to any provision of the Code during the year ended December 31, 2022.
PRINCIPAL ACCOUNTANT FEES AND SERVICES
i Dale Matheson Carr-Hilton Labonte LLP serves as the Registrant’s auditing firm. Aggregate fees billed to the Registrant for professional services rendered by Dale Matheson Carr-Hilton Labonte LLP and its affiliates during the fiscal years ended December 31, 2022 and December 31, 2021 are detailed below.
| Year Ended December 31, | ||||||||
| Services | 2022 | 2021 | ||||||
| Audit Fees(1) | $ | 250,000 | $ | 227,500 | ||||
| Audit-Related Fees(2) | 63,900 | 24,000 | ||||||
| Tax Fees(3) | $ | 11,000 | $ | 11,000 | ||||
| Other Fees(4) | - | - | ||||||
| (1) | “Audit fees” means the aggregate fees billed for professional services rendered by our principal accounting firm for the audit of the Company’s annual financial statements and the review of its comparative interim financial statements. |
| (2) | “Audit-related fees” means the aggregate fees billed for professional services rendered by the Company’s principal accounting firm for the assurance and related services, which mainly included the audit and review of financial statements and are not reported under “Audit fees” above. |
| (3) | “Tax fees” means the aggregate fees billed for professional services rendered by the Company’s principal accounting firm for tax compliance, tax advice and tax planning. |
| (4) | “Other fees” means the aggregate fees incurred in each of the fiscal years listed for the professional tax services rendered by the Company’s principal accounting firm other than services reported under “Audit fees,” “Audit-related fees” and “Tax fees.” |
| 6 |
Pre-Approval Policies and Procedures
The policy of the Company’s Audit Committee is to pre-approve all audit and non-audit services provided by Dale Matheson Carr-Hilton Labonte LLP, its independent registered public accounting firm, including audit services, audit-related services, tax services, and other services as described above. For the fiscal year ended December 31, 2022, all audit and non-audit services performed by the Registrant’s auditor were pre-approved by the Audit Committee of the Registrant, pursuant to Rule 2-01(c)(7)(i) of Regulation S-X.
OFF-BALANCE SHEET ARRANGEMENTS
As of December 31, 2022, the Registrant does not have any “off-balance sheet arrangements” (as that term is defined in paragraph 11(ii) of General Instruction B to Form 40-F) that have or are reasonably likely to have a current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.
DISCLOSURE OF CONTRACTUAL OBLIGATIONS
The following table lists, as of December 31, 2022, information with respect to the Registrant’s known contractual obligations:
| 1 year | 1 – 5 years | More than 5 years | ||||||||||
| Trade payables and accrued liabilities | 2,816,676 | - | - | |||||||||
| Customer deposits | 194,758 | - | - | |||||||||
| Deferred income | 63,690 | - | - | |||||||||
| Loans payable | 81,512 | 5,059 | - | |||||||||
| Derivative liability | 57,314 | - | - | |||||||||
| Lease liability | 133,962 | 244,681 | - | |||||||||
| $ | 3,347,912 | $ | 249,740 | $ | - | |||||||
| 7 |
MINE SAFETY DISCLOSURE
Not applicable.
DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
Not applicable.
RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION
Not applicable.
CORPORATE GOVERNANCE
The Registrant is a “foreign private issuer” as defined in Rule 3b-4 under the Exchange Act and its common shares are listed on Nasdaq. Nasdaq Marketplace Rule 5615(a)(3) permits a foreign private issuer to follow its home country practices in lieu of certain requirements in the Nasdaq Listing Rules. A foreign private issuer that follows home country practices in lieu of certain corporate governance provisions of the Nasdaq Listing Rules must disclose each Nasdaq corporate governance requirement that it does not follow and include a brief statement of the home country practice the issuer follows in lieu of the Nasdaq corporate governance requirement(s), either on its website or in its annual filings with the Commission. A description of the significant ways in which the Registrant’s corporate governance practices differ from those followed by domestic companies pursuant to the applicable Nasdaq Listing Rules is disclosed on the Registrant’s website at https://investor.draganfly.com/governance-documents/ under “Nasdaq Home Country Practice”.
UNDERTAKING
The Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the securities registered pursuant to Form 40-F; the securities in relation to which the obligation to file an Annual Report on Form 40-F arises; or transactions in said securities.
CONSENT TO SERVICE OF PROCESS
The Registrant filed an Appointment of Agent for Service of Process and Undertaking on Form F-X with the Commission on July 21, 2021 with respect to the class of securities in relation to which the obligation to file this Annual Report on Form 40-F arises.
Any change to the name or address of the Registrant’s agent for service of process shall be communicated promptly to the Commission by an amendment to the Form F-X referencing the file number of the Registrant.
| 8 |
EXHIBIT INDEX
| 9 |
SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this Annual Report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Draganfly Inc. | ||
| By: | /s/ Paul Sun | |
| Name: | Paul Sun | |
| Title: | Chief Financial Officer | |
| Date: March 27, 2023 | ||
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| This ‘40-F’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 3/27/23 | |||
| For Period end: | 12/31/22 | |||
| 12/30/22 | ||||
| 12/31/21 | 20-F | |||
| 7/21/21 | F-10, F-X | |||
| 4/5/12 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 6/30/23 Draganfly Inc. F-10/A 2:374K M2 Compliance LLC/FA 4/28/23 Draganfly Inc. F-10 3:380K M2 Compliance LLC/FA |