AgEagle Aerial Systems Inc 8-K, filed Jun 12, 2023
AgEagle Aerial Systems Inc. (UAVS)
About this 8-K
AgEagle Aerial Systems Inc filed this 8-K on June 12, 2023, reporting on events of June 8, 2023.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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Item 8.01 Other Information
As disclosed on the Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on June 6, 2023 by AgEagle Aerial Systems Inc. (the “Company”), the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited and institutional investors (the “Investors”) on June 5, 2023 pursuant to which the Company has agreed to issue and sell to Investors (i) 16,720,000 shares of Common Stock (the “Offering Shares”) at $0.25 per share and (ii) warrants to purchase up to 25,080,000 shares of common stock (the “Warrants”), exercisable at $0.38 per share (the “Offering”).
On June 8, 2023, the Company closed the Offering and raised $4,180,000 in gross proceeds from the Offering. The Offering Shares were issued pursuant to a prospectus supplement filed with the Commission on June 7, 2023 and the prospectus included in the Company’s Registration Statement on Form S-3 (Registration No. 333-252801), which was filed with the Commission on April 23, 2021 and was declared effective on May 6, 2021. The Warrants were issued in a concurrent private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and have not been registered under the Securities Act, or applicable state securities laws.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 12, 2023
| AGEAGLE AERIAL SYSTEMS INC. |
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| By: | /s/ Nicole Fernandez-McGovern |
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| Name: | Nicole Fernandez-McGovern |
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| Title: | Chief Financial Officer |
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