AgEagle Stock Surges Following Market Announcement

AgEagle Aerial Systems Inc. (NYSE American: UAVS), a trailblazer in full-stack flight hardware, sensors, and software for commercial and governmental entities, has today declared the planned pricing for its upcoming public offering. The Company expects gross proceeds to amount to around $6.5 million, prior to accounting for placement agent fees and additional predicted offering expenses.

The offering structure includes 26,900,000 units, each comprising one share of our common stock, $0.001 par value per share, or a Pre-Funded Warrant to buy one share of Common stock. Additionally, every unit contains a Series A and Series B warrant to purchase another share of Common Stock. The units can be purchased at $0.24 each (or $0.239 for each unit with a Pre-Funded Warrant).

The stock surge today stock offers potential gains for investors considering an investment in AgEagle. With the company leveraging advanced drone technology to serve various sectors, including energy, construction, agriculture, and government, the outlook for further growth looks optimistic.  Investors and financial analysts looking to capitalize on this momentum should monitor AgEagle’s developments closely. With the closing of the transaction scheduled for October 1, 2024, provided all customary closing conditions are met, the coming weeks will be crucial.

Spartan Capital Securities, LLC is the sole agent for the placement of the offering. Legal advice is being provided by Duane Morris LLP. to the Company and Manatt, Phelps & Phillips LLP is serving as counsel to Spartan Capital Securities, LLC.

These securities are offered following a registration statement on Form S-1 (File No. 333-281897) previously presented to the U.S. Securities and Exchange Commission (“SEC”) and effective as of September 30, 2024. The offering is solely facilitated via a prospectus as part of the effective registration statement. Copies of the preliminary and eventually the final prospectus, concerning the offering may be accessed on the SEC’s website at http://www.sec.gov.

AgEagle Aerial Systems Inc., founded in 2010, is an industry-leading provider of full-stack drone solutions, serving customers globally across the energy, construction, agriculture, and government sectors. For more information, please visit www.ageagle.com.