AgEagle Aerial Systems Receives Non-Compliance Notice from NYSE American and Makes NYSE American Section 610(b) Public Announcement

Core Viewpoint - AgEagle Aerial Systems Inc. is facing non-compliance with NYSE American's minimum stockholders' equity requirements, with a stockholders' deficit of $5.7 million as of December 31, 2024, and losses reported in the last five fiscal years [1][4]. Group 1: Compliance and Listing Status - The company received a notice from NYSE American regarding non-compliance with stockholders' equity requirements, which necessitates a minimum of $2.0 million to $6.0 million depending on the loss history [1][2]. - AgEagle has until May 23, 2025, to submit a plan to regain compliance, with a cure period extending to October 23, 2026 [2]. - The company's shares will continue to be listed on NYSE American under the symbol "UAVS," but will carry a designation of ".BC" indicating "below compliance" status [3]. Group 2: Financial Health and Audit Opinion - The company's audited financial statements for the year ended December 31, 2024, included a substantial doubt regarding going concern, as disclosed in its Annual Report [4]. - The ongoing business operations and reporting requirements with the Securities and Exchange Commission remain unaffected by the notice [3]. Group 3: Company Overview - AgEagle Aerial Systems Inc. specializes in unmanned aerial systems, sensors, and software solutions, serving various sectors including energy, construction, agriculture, and government [5]. - Founded in 2010, the company initially focused on professional-grade fixed-wing drones for the agriculture industry and has since expanded its offerings [5].