Manufacturer

DDC closes bought-deal offering for aggregate gross proceeds of nearly $10m

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Drone Delivery Canada has closed its previously announced bought-deal prospectus offering for aggregate gross proceeds of $9,257,500 which includes the full exercise of the over-allotment option. Under the offering, the company sold a total of 13,225,000 units at a price of $0.70 per unit. Each unit is comprised of one common share in the capital of the company and one-half of one share purchase warrant of the company. Each Warrant entitles the holder to purchase one share at a price of $0.95 until August 5, 2022. The TSXV has conditionally approved the listing of the warrants, subject to standard listing
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DJI data security statement responds to researcher reports

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Responding to recent reports, DJI has released a statement on data security. It reads: “DJI takes the security of its apps and the privacy of customer data seriously. While these researchers discovered two hypothetical vulnerabilities in one of our recreational apps, nothing in their work is relevant to, or contradicts, the reports from the U.S. Department of Homeland Security, Booz Allen Hamilton and others that have found no evidence of unexpected data transmission connections from DJI’s apps designed for government and professional customers. These researchers found typical software concerns, with no evidence they have ever been exploited. The app update
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