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.

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