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.
For further insights into UAVS stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
