AgEagle Aerial Systems ( (UAVS) ) just unveiled an update.
AgEagle Aerial Systems Inc., a leading provider of drone solutions, has announced a $6.5 million public offering, including nearly 27 million units at $0.24 each. These units comprise a share of common stock or a pre-funded warrant, alongside Series A and B warrants with varying exercise prices and a five-year expiry. This financial move, set to close around October 1, 2024, is aimed at repaying debt and boosting general corporate and working capital, reflecting the company’s growth-oriented strategy and commitment to innovation in the commercial and government sectors.
See more insights into UAVS stock on TipRanks’ Stock Analysis page.