Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AgEagle Aerial Systems Inc. incurred debt of $3,500,000 with an institutional investor at 8% per annum maturing December 31, 2024.
- Principal
- $3,500,000
- Counterparty
- an institutional investor
- Rate
- 8% per annum
- Maturity
- December 31, 2024
- Event
- incurrence
Exact text from the filing
the terms of the Agreement, the Company has agreed to issue to the Investor (i) an 8% original issue discount promissory note (the “Note”) in the aggregate principal amount of $3,500,000, and (ii) a common stock purchase warrant (the “Warrant”) to purchase up to 5,000,000 shares of the Company’s common stock (the “Shares”) at an exercise price of $0.44 per
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
AgEagle Aerial Systems Inc. entered into Purchase Agreement with an institutional investor valued at $3,500,000 (effective 2022-12-06).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- an institutional investor
- Value
- $3,500,000
- Effective
- 2022-12-06
Exact text from the filing
On December 6, 2022, AgEagle Aerial Systems Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with an institutional investor (the “Investor”) which is an existing shareholder of the Company. Pursuant to the terms of the Agreement, the Company has agreed to issue to the Investor (i) an 8% original issue discount promissory note (the “Note”) in the aggregate principal amount of $3,500,000, and (ii) a common stock purchase warrant (the “Warrant”) to purchase up to 5,000,000 shares of the Company’s common stock (the “Shares”) at an exercise price of $0.44 per share, subject to standard anti-dilution adjustments.
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