AgEagle raises $1.05M in convertible preferred and warrant sale; reduces warrant exercise price to $0.60

AgEagle Aerial Systems Inc.

On May 31, 2024, AgEagle entered an Assignment Agreement transferring $525,000 of investment rights from Alpha Capital to new institutional/accredited investors.
Aggregate purchase of 1,050 Series F Convertible Preferred shares (convertible into 1,632,970 common shares) and warrants for 1,632,970 shares at $0.643, for $1.05M total.
Exercise price of Existing Warrants (issued June 5, 2023) reduced from $7.60 to $0.60 per share as consideration for the agreement.
New warrants are immediately exercisable upon issuance and have a three-year term.
Securities issued in reliance on Section 4(a)(2) and Rule 506 exemption from registration.

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