AgEagle shareholders approve share issuance for capital raise; reverse stock split fails

2. Approval of a reverse stock split of the Common Stock in the range of one share of Common Stock for every three shares of Common Stock to one share for every eight shares of Common Stock, with the final ratio to be determined by the Company’s board of directors (the “Reverse Stock Split Proposal”). For Against Abstain Broker Non-Vote 22,531,307 11,297,538 314,091 0 Since the approval of the Reverse Stock Split Proposal required the affirmative vote of a majority of shares issued and outstanding, and the Company has not obtained the requisite vote for approval of the Reverse Stock Split Proposal, the only proposal adopted by the shareholders at the Special meeting was the Shares Issuance Proposal.

1. Approval of the issuance of shares of the Company’s Common Stock, representing more than 20% of the Company’s Common Stock upon the purchase of series F convertible preferred stock, par value $0.001 per share (the “Series F Convertible Preferred Stock”) convertible into shares of Common Stock and warrants exercisable for shares of Common Stock (the “Warrants”), in accordance with NYSE American Rule 713(a)(ii) (the “Shares Issuance Proposal”). For Against Abstain Broker Non-Vote 6,644,829 5,004,537 385,011 22,108,559