[SCHEDULE 13G/A] Draganfly Inc. SEC Filing
CVI Investments, Inc. and Heights Capital Management, Inc. filed an amended Schedule 13G reporting beneficial ownership of 1,248,000 shares of Draganfly Inc. (DPRO), equal to 8.2% of the 13,967,978 shares outstanding cited as of June 30, 2025. The reported position consists of warrants convertible into common shares.
The filing notes that portions of the warrants are not exercisable to the extent conversion would cause ownership to exceed 4.99% or 9.99%. Heights Capital, as investment manager to CVI, may be deemed to exercise shared voting and dispositive power over the shares held by CVI; both Reporting Persons disclaim beneficial ownership except for pecuniary interest. The filing includes a certification that the securities were not acquired to influence control.
CVI Investments, Inc. e Heights Capital Management, Inc. hanno presentato una modifica al Schedule 13G riportando la partecipazione in qualit脿 di beneficiario effettivo di 1,248,000 azioni di Draganfly Inc. (DPRO), pari al 8.2% delle 13,967,978 azioni in circolazione al 30 giugno 2025. La posizione dichiarata 猫 costituita da warrant convertibili in azioni ordinarie.
La comunicazione precisa che porzioni dei warrant non sono esercitabili nella misura in cui la conversione comporterebbe il superamento del 4.99% o del 9.99%. Heights Capital, in qualit脿 di gestore degli investimenti di CVI, potrebbe essere ritenuta esercitare congiuntamente il potere di voto e di disposizione sulle azioni detenute da CVI; entrambe le persone segnalanti negano la propriet脿 beneficiaria, salvo per l'interesse pecuniario. La documentazione include una certificazione che i titoli non sono stati acquisiti per influenzare il controllo.
CVI Investments, Inc. y Heights Capital Management, Inc. presentaron un Schedule 13G enmendado informando la propiedad beneficiaria de 1,248,000 acciones de Draganfly Inc. (DPRO), equivalente al 8.2% de las 13,967,978 acciones en circulaci贸n a fecha del 30 de junio de 2025. La posici贸n reportada consiste en warrants convertibles en acciones ordinarias.
La presentaci贸n se帽ala que porciones de los warrants no son ejercitables en la medida en que la conversi贸n hiciera que la participaci贸n supere el 4.99% o el 9.99%. Heights Capital, como gestor de inversiones de CVI, puede considerarse que ejerce de forma compartida el poder de voto y de disposici贸n sobre las acciones que posee CVI; ambas personas informantes renuncian a la propiedad beneficiaria salvo por un inter茅s pecuniario. La presentaci贸n incluye una certificaci贸n de que los valores no fueron adquiridos para influir en el control.
CVI Investments, Inc.鞕赌 Heights Capital Management, Inc.電� 靾橃爼霅� Schedule 13G毳� 鞝滌稖頃橃棳 Draganfly Inc. (DPRO)鞚� 1,248,000欤�鞐� 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頄堨溂氅�, 鞚措姅 2025雲� 6鞗� 30鞚� 旮办 氚滍枆欤检嫕 13,967,978欤�鞚� 8.2%鞐� 頃措嫻頃╇媹雼�. 氤搓碃霅� 韽靺橃潃 氤错喌欤茧 鞝勴櫂 臧�電ロ暅 鞗岆煱韸鸽 甑劚霅橃柎 鞛堨姷雼堧嫟.
靹滊鞐愲姅 鞗岆煱韸胳潣 鞚茧秬電� 鞝勴櫂鞙茧 鞚疙暣 靻岇湢 歆�攵勳澊 4.99% 霕愲姅 9.99%毳� 齑堦臣頃橁矊 霅橂姅 瓴届毎鞐愲姅 頄夓偓頃� 靾� 鞐嗠嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. Heights Capital鞚� CVI鞚� 韴瀽甏�毽瀽搿滌劀 CVI臧� 氤挫湢頃� 欤检嫕鞐� 雽�頃� 瓿惦彊鞙茧 鞚橁舶甓� 氚� 觳橂秳甓岇潉 頄夓偓頃橂姅 瓴冹溂搿� 臧勳＜霅� 靾� 鞛堨姷雼堧嫟; 鞏� 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃橁碃 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟. 鞝滌稖靹滊鞐愲姅 頃措嫻 歃濌秾鞚� 歆�氚瓣秾鞐� 鞓來枼鞚� 氙胳箻旮� 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 頇曥澑頃橂姅 鞚胳靹滉皜 韽暔霅橃柎 鞛堨姷雼堧嫟.
CVI Investments, Inc. et Heights Capital Management, Inc. ont d茅pos茅 un Schedule 13G modifi茅 faisant 茅tat d'une d茅tention b茅n茅ficiaire de 1,248,000 actions de Draganfly Inc. (DPRO), soit 8.2% des 13,967,978 actions en circulation au 30 juin 2025. La position d茅clar茅e se compose de warrants convertibles en actions ordinaires.
Le d茅p么t pr茅cise que certaines parties des warrants ne sont pas exer莽ables dans la mesure o霉 leur conversion ferait d茅passer 4.99% ou 9.99%. Heights Capital, en tant que gestionnaire d'investissement de CVI, pourrait 锚tre consid茅r茅 comme exer莽ant conjointement le pouvoir de vote et de disposition sur les actions d茅tenues par CVI ; les deux d茅clarants refusent la qualit茅 de propri茅taire b茅n茅ficiaire, 脿 l'exception d'un int茅r锚t p茅cuniaire. Le d茅p么t inclut une certification attestant que les titres n'ont pas 茅t茅 acquis dans le but d'influencer le contr么le.
CVI Investments, Inc. und Heights Capital Management, Inc. haben ein ge盲ndertes Schedule 13G eingereicht und melden eine wirtschaftliche Beteiligung von 1,248,000 Aktien an Draganfly Inc. (DPRO), entsprechend 8.2% der 13,967,978 ausstehenden Aktien zum 30. Juni 2025. Die gemeldete Position besteht aus in Stammaktien wandelbaren Warrants.
Die Einreichung weist darauf hin, dass Teile der Warrants nicht aus眉bbar sind, soweit eine Umwandlung dazu f眉hren w眉rde, dass die Beteiligung 4.99% oder 9.99% 眉bersteigt. Heights Capital, als Investmentmanager von CVI, kann als gemeinsam die Stimm- und Verf眉gungsgewalt 眉ber die von CVI gehaltenen Aktien aus眉bend angesehen werden; beide meldepflichtigen Personen lehnen eine wirtschaftliche Eigent眉merschaft ab, mit Ausnahme eines geldwerten Interesses. Die Einreichung enth盲lt eine Best盲tigung, dass die Wertpapiere nicht erworben wurden, um die Kontrolle zu beeinflussen.
- Disclosed material stake: Reporting Persons hold 1,248,000 shares representing 8.2% of DPRO, providing transparency on ownership concentration.
- Exercisability limits stated: Warrants are explicitly capped to prevent exercise beyond 4.99% or 9.99%, clarifying potential near-term dilution.
- None.
Insights
TL;DR: Two reporting entities disclosed an 8.2% economic stake via warrants, showing potential dilution and concentrated ownership.
The Schedule 13G/A reports an economic position of 1,248,000 shares representing 8.2% of the outstanding common shares referenced. The position is held through warrants, with exercisability subject to explicit caps at 4.99% and 9.99%, which limits immediate conversion into voting shares. From a capital-structure perspective, this is a material disclosure of ownership concentration but does not in itself indicate an intent to alter control or operational strategy.
TL;DR: Heights Capital may hold shared voting/dispositive power as manager to CVI, but the filing disclaims any control intent.
The filing clarifies that Heights Capital serves as investment manager to CVI and may be deemed to exercise shared voting and dispositive power over the reported shares. Both entities expressly disclaim beneficial ownership beyond pecuniary interest and certify the holdings were not acquired to influence control. The filing also references previously filed Limited Power of Attorney and Joint Filing Agreement exhibits, documenting the agency and coordination between the parties.
CVI Investments, Inc. e Heights Capital Management, Inc. hanno presentato una modifica al Schedule 13G riportando la partecipazione in qualit脿 di beneficiario effettivo di 1,248,000 azioni di Draganfly Inc. (DPRO), pari al 8.2% delle 13,967,978 azioni in circolazione al 30 giugno 2025. La posizione dichiarata 猫 costituita da warrant convertibili in azioni ordinarie.
La comunicazione precisa che porzioni dei warrant non sono esercitabili nella misura in cui la conversione comporterebbe il superamento del 4.99% o del 9.99%. Heights Capital, in qualit脿 di gestore degli investimenti di CVI, potrebbe essere ritenuta esercitare congiuntamente il potere di voto e di disposizione sulle azioni detenute da CVI; entrambe le persone segnalanti negano la propriet脿 beneficiaria, salvo per l'interesse pecuniario. La documentazione include una certificazione che i titoli non sono stati acquisiti per influenzare il controllo.
CVI Investments, Inc. y Heights Capital Management, Inc. presentaron un Schedule 13G enmendado informando la propiedad beneficiaria de 1,248,000 acciones de Draganfly Inc. (DPRO), equivalente al 8.2% de las 13,967,978 acciones en circulaci贸n a fecha del 30 de junio de 2025. La posici贸n reportada consiste en warrants convertibles en acciones ordinarias.
La presentaci贸n se帽ala que porciones de los warrants no son ejercitables en la medida en que la conversi贸n hiciera que la participaci贸n supere el 4.99% o el 9.99%. Heights Capital, como gestor de inversiones de CVI, puede considerarse que ejerce de forma compartida el poder de voto y de disposici贸n sobre las acciones que posee CVI; ambas personas informantes renuncian a la propiedad beneficiaria salvo por un inter茅s pecuniario. La presentaci贸n incluye una certificaci贸n de que los valores no fueron adquiridos para influir en el control.
CVI Investments, Inc.鞕赌 Heights Capital Management, Inc.電� 靾橃爼霅� Schedule 13G毳� 鞝滌稖頃橃棳 Draganfly Inc. (DPRO)鞚� 1,248,000欤�鞐� 雽�頃� 鞁れ鞝� 靻岇湢毳� 氤搓碃頄堨溂氅�, 鞚措姅 2025雲� 6鞗� 30鞚� 旮办 氚滍枆欤检嫕 13,967,978欤�鞚� 8.2%鞐� 頃措嫻頃╇媹雼�. 氤搓碃霅� 韽靺橃潃 氤错喌欤茧 鞝勴櫂 臧�電ロ暅 鞗岆煱韸鸽 甑劚霅橃柎 鞛堨姷雼堧嫟.
靹滊鞐愲姅 鞗岆煱韸胳潣 鞚茧秬電� 鞝勴櫂鞙茧 鞚疙暣 靻岇湢 歆�攵勳澊 4.99% 霕愲姅 9.99%毳� 齑堦臣頃橁矊 霅橂姅 瓴届毎鞐愲姅 頄夓偓頃� 靾� 鞐嗠嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. Heights Capital鞚� CVI鞚� 韴瀽甏�毽瀽搿滌劀 CVI臧� 氤挫湢頃� 欤检嫕鞐� 雽�頃� 瓿惦彊鞙茧 鞚橁舶甓� 氚� 觳橂秳甓岇潉 頄夓偓頃橂姅 瓴冹溂搿� 臧勳＜霅� 靾� 鞛堨姷雼堧嫟; 鞏� 氤搓碃鞚胳潃 旮堨爠鞝� 鞚挫澋鞚� 鞝滌櫢頃橁碃 鞁れ鞝� 靻岇湢甓岇潉 攵�鞚疙暕雼堧嫟. 鞝滌稖靹滊鞐愲姅 頃措嫻 歃濌秾鞚� 歆�氚瓣秾鞐� 鞓來枼鞚� 氙胳箻旮� 鞙勴暣 旆摑霅� 瓴冹澊 鞎勲嫎鞚� 頇曥澑頃橂姅 鞚胳靹滉皜 韽暔霅橃柎 鞛堨姷雼堧嫟.
CVI Investments, Inc. et Heights Capital Management, Inc. ont d茅pos茅 un Schedule 13G modifi茅 faisant 茅tat d'une d茅tention b茅n茅ficiaire de 1,248,000 actions de Draganfly Inc. (DPRO), soit 8.2% des 13,967,978 actions en circulation au 30 juin 2025. La position d茅clar茅e se compose de warrants convertibles en actions ordinaires.
Le d茅p么t pr茅cise que certaines parties des warrants ne sont pas exer莽ables dans la mesure o霉 leur conversion ferait d茅passer 4.99% ou 9.99%. Heights Capital, en tant que gestionnaire d'investissement de CVI, pourrait 锚tre consid茅r茅 comme exer莽ant conjointement le pouvoir de vote et de disposition sur les actions d茅tenues par CVI ; les deux d茅clarants refusent la qualit茅 de propri茅taire b茅n茅ficiaire, 脿 l'exception d'un int茅r锚t p茅cuniaire. Le d茅p么t inclut une certification attestant que les titres n'ont pas 茅t茅 acquis dans le but d'influencer le contr么le.
CVI Investments, Inc. und Heights Capital Management, Inc. haben ein ge盲ndertes Schedule 13G eingereicht und melden eine wirtschaftliche Beteiligung von 1,248,000 Aktien an Draganfly Inc. (DPRO), entsprechend 8.2% der 13,967,978 ausstehenden Aktien zum 30. Juni 2025. Die gemeldete Position besteht aus in Stammaktien wandelbaren Warrants.
Die Einreichung weist darauf hin, dass Teile der Warrants nicht aus眉bbar sind, soweit eine Umwandlung dazu f眉hren w眉rde, dass die Beteiligung 4.99% oder 9.99% 眉bersteigt. Heights Capital, als Investmentmanager von CVI, kann als gemeinsam die Stimm- und Verf眉gungsgewalt 眉ber die von CVI gehaltenen Aktien aus眉bend angesehen werden; beide meldepflichtigen Personen lehnen eine wirtschaftliche Eigent眉merschaft ab, mit Ausnahme eines geldwerten Interesses. Die Einreichung enth盲lt eine Best盲tigung, dass die Wertpapiere nicht erworben wurden, um die Kontrolle zu beeinflussen.
FAQ
What stake did CVI Investments and Heights Capital report in Draganfly (DPRO)?
Do the reported holdings include warrants and are there exercisability limits?
Does Heights Capital have voting or dispositive power over the reported shares?
Were the securities acquired to influence control of Draganfly (DPRO)?
How many Draganfly shares outstanding does the filing cite?
