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AgEagle Aerial Systems Inc Announces Entry to Purchases Sales Agreement up to $100,000,000 Series G
Globenewswireยท 2025-11-06 14:40
Core Insights - AgEagle Aerial Systems Inc. (EagleNXT) has entered into a Securities Purchase Agreement to issue up to 100,000 shares of Series G Convertible Preferred Stock, with an initial sale of 12,000 shares at a conversion price of $1.23 per share [1] - The agreement allows for the potential purchase of an additional 88,000 shares, contingent upon stockholder approval for transactions exceeding 19.99% of the outstanding Common Stock [1] Company Overview - EagleNXT is a prominent developer of high-performance drones, advanced sensors, and intelligent software solutions, providing aerial intelligence globally [2] - The company has conducted over one million flights and is recognized in various sectors including defense, public safety, agriculture, and environmental monitoring [2] - EagleNXT's drone systems have achieved significant industry milestones, including FAA approvals for Operations Over People and Beyond Visual Line of Sight, as well as EASA C2 certification in Europe [2] - The company's sensors are integrated into more than 150 drone models and are referenced in over 100 research publications, highlighting its leadership in precision agriculture and environmental sustainability [2]