AgEagle Amends Agreement, Issues Convertible Note

AgEagle Aerial Systems Inc (UAVS) has released an update.

AgEagle Aerial Systems Inc. has amended its Securities Purchase Agreement and entered into a Securities Exchange Agreement with Alpha Capital Anstalt, resulting in the issuance of a convertible note that can be transformed into common stock at an initial price of $0.10 per share. The successful completion of these transactions was contingent on meeting several conditions, including the approval of a Supplemental Listing Application by the NYSE American, all of which were met on February 8, 2024. This strategic financial move could potentially impact the company’s stock value and investor interest.

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For a comprehensive understanding of the announcement, you can read the full document here.