{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-005426","form_type":"8-K","ticker":"UAVS","cik":"0000008504","company_name":"AgEagle Aerial Systems Inc.","filed_at":"2024-02-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.053687+00:00","generated_at":"2026-06-06T06:09:45.701257+00:00","sec_items":["2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"AgEagle exchanges $4.85M note with Alpha Capital for convertible note at $0.10/share","bullets":["Exchanged $4.095M note plus accrued interest for Convertible Note of $4,849,491; convertible at $0.10/share.","Convertible Note accrues 12% interest (18% on default); monthly amortization payments of $484,949 start April 1, 2024.","Full conversion would yield up to 52.2M shares (>19.99% of outstanding); shareholder approval required.","Series F Preferred minimum subscription reduced from $2M to $1M per tranche; total capacity remains $25M.","Company cannot issue stock to officers/directors without Alpha's consent while Convertible Note is outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-005426","json":"https://secwatch.observer/filing/0001493152-24-005426.json","markdown":"https://secwatch.observer/filing/0001493152-24-005426.md","text":"https://secwatch.observer/filing/0001493152-24-005426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/8504/000149315224005426/0001493152-24-005426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/8504/000149315224005426/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:09:45.701257+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"65018ab459657704c1495602d35a0defab812ee8","claim":"AgEagle Aerial Systems Inc. incurred convertible notes of $4,849,491 with Alpha Capital Anstalt at 12% per annum maturing January 8, 2024.","evidence_excerpt":"Agreement (the “ Exchange Agreement ”), pursuant to which the parties agreed to exchange the Original Note for a Convertible Note due January 8, 2024 in the principal amount of $4,849,491 (the “ Convertible Note ”), convertible into Common Stock at the initial conversion price of $0.10 per share of Common Stock, subject to adjustment based on the effectiveness of","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/8504/000149315224005426/0001493152-24-005426-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$4,849,491"},{"label":"Counterparty","value":"Alpha Capital Anstalt"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"January 8, 2024"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}