---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-022706"
form_type: "8-K"
ticker: "UAVS"
cik: "0000008504"
company_name: "AgEagle Aerial Systems Inc."
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:24:59.717098+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-24-022706
- form_type: 8-K
- ticker: UAVS
- cik: 0000008504
- company_name: AgEagle Aerial Systems Inc.
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8504/000149315224022706/0001493152-24-022706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8504/000149315224022706/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-022706
- JSON: https://secwatch.observer/filing/0001493152-24-022706.json
- Plain text: https://secwatch.observer/filing/0001493152-24-022706.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.