AgEagle shareholders approve 40× increase in authorized shares to 200M and stock issuance >20%

AgEagle Aerial Systems Inc.

Authorized common stock increased from 5M to 200M shares via Certificate of Amendment.
Approved issuance of shares >20% of outstanding upon conversion of convertible note (NYSE American Rule 713).
Proposal 1: 1,971,503 for, 530,152 against, 9,548 abstain; Proposal 2: 1,740,079 for, 182,469 against, 7,471 abstain, 581,184 broker non-votes.
Special meeting held Dec 20, 2024; 2,511,203 shares represented (quorum).
Effective upon filing with Nevada Secretary of State on Dec 20, 2024.

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.: Increased authorized common stock from 5,000,000 to 200,000,000 shares (effective 2024-12-20).

Change: charter amendment
Effective: 2024-12-20

Exact text from the filing

The Certificate of Amendment increases the Company’s authorized common stock, par value $0.001 (the “Common Stock”), from 5,000,000 to 200,000,000 (the “Articles Amendment”).

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AgEagle Aerial Systems Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-051106

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