AgEagle prices $4.2M registered direct offering of 16.72M shares and warrants

AgEagle Aerial Systems Inc.

Gross proceeds of ~$4.2M from 16.72M shares at $0.25/share and warrants for 25.08M shares at $0.38/share.
Warrants exercisable starting 6 months after issuance, expire 5 years from initial exercise date.
Closing expected June 8, 2023; A.G.P./Alliance Global Partners is sole placement agent.
Proceeds to be used for working capital and general corporate purposes.
Officers and directors subject to 30-day lock-up on their shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AgEagle Aerial Systems Inc. entered into Securities Purchase Agreement with certain accredited investors (effective 2023-06-05).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors
Effective: 2023-06-05

Exact text from the filing

On June 5, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited investors (the “Investors”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

AgEagle Aerial Systems Inc. entered into Placement Agency Agreement with A.G.P./Alliance Global Partners (effective 2023-06-05).

Action: entry
Counterparty: A.G.P./Alliance Global Partners
Effective: 2023-06-05

Exact text from the filing

On June 5, 2023, AgEagle Aerial Systems Inc. (the “Company”) entered into a Placement Agency Agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (the “Placement Agent”)

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

AgEagle Aerial Systems Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-007689

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