Ageagle Aerial Systems effectuates 1-for-50 reverse stock split to meet NYSE American listing requirements

AgEagle Aerial Systems Inc.

Reverse stock split at ratio 1:50 effective 5:00 p.m. ET on October 14, 2024.
Outstanding shares reduced from ~39.7M to ~850,409; fractional shares rounded up to nearest whole share.
Purpose is to satisfy NYSE American minimum bid price requirement; post-split trading begins Oct 15, 2024.
Ticker remains UAVS; proportionate adjustments made to options, warrants, and preferred stock.
New CUSIP number for common stock: 00848K 309.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

AgEagle Aerial Systems Inc.: Reverse stock split at a ratio of 1:50, effectuated by filing a Certificate of Change with the Secretary of State of Nevada (effective 2024-10-14).

Change: charter amendment
Effective: 2024-10-14

Exact text from the filing

The Company filed a Certificate of Change (the “Certificate of Change”) with the Secretary of State of the State of Nevada to effectuate the Reverse Stock Split.

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AgEagle Aerial Systems Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-041068

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