AgEagle closes $6.5M public offering; restructures $4.85M convertible note with Alpha Capital

AgEagle Aerial Systems Inc.

Offered 26.9M units at $0.24/unit; gross proceeds $6.5M before fees; placement agent fee 8%.
Units consist of common stock (or pre-funded warrant) + Series A warrant ($0.24 strike) + Series B warrant ($0.50 strike).
Alpha Capital purchased $3M of units; proceeds applied to repay part of its $4.85M convertible note.
Remaining $2M note principal to be paid in six monthly installments starting Oct 15, 2024.
Company issued Alpha 1,500 shares of Series F 5% Convertible Preferred Stock ($1.5M stated value) as consent consideration.

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