AgEagle Aerial Systems Enters Material Agreement
Ticker: UAVS · Form: 8-K · Filed: Jun 5, 2024 · CIK: 8504
| Field | Detail |
|---|---|
| Company | Ageagle Aerial Systems Inc. (UAVS) |
| Form Type | 8-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $25,000,000, $525,000, $7.60, $0.60, $0.643 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-securities, filing
TL;DR
AgEagle signed a big deal May 31st, filing today. Expect news soon.
AI Summary
AgEagle Aerial Systems Inc. announced on June 5, 2024, that it entered into a material definitive agreement on May 31, 2024. The filing also details unregistered sales of equity securities and includes financial statements and exhibits. The company, formerly known as EnerJex Resources, Inc., Millennium Plastics Corp, and Aurora Corp, is incorporated in Nevada.
Why It Matters
This filing indicates a significant new development or contract for AgEagle Aerial Systems, which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks and opportunities, and the details of unregistered equity sales require careful scrutiny.
Key Players & Entities
- AgEagle Aerial Systems Inc. (company) — Registrant
- May 31, 2024 (date) — Date of material definitive agreement
- June 5, 2024 (date) — Date of report
- EnerJex Resources, Inc. (company) — Former company name
- MILLENNIUM PLASTICS CORP (company) — Former company name
- AURORA CORP (company) — Former company name
FAQ
What is the nature of the material definitive agreement entered into by AgEagle Aerial Systems Inc.?
The filing states that AgEagle Aerial Systems Inc. entered into a material definitive agreement on May 31, 2024, but the specific details of this agreement are not provided in the provided text.
When was the material definitive agreement entered into?
The material definitive agreement was entered into on May 31, 2024.
What is the filing date for this 8-K report?
The filing date for this 8-K report is June 5, 2024.
What are the former names of AgEagle Aerial Systems Inc. mentioned in the filing?
The filing mentions that AgEagle Aerial Systems Inc. was formerly known as EnerJex Resources, Inc., MILLENNIUM PLASTICS CORP, and AURORA CORP.
What items are covered in this 8-K filing?
This 8-K filing covers entry into a material definitive agreement, unregistered sales of equity securities, and financial statements and exhibits.
Filing Stats: 1,021 words · 4 min read · ~3 pages · Grade level 13 · Accepted 2024-06-05 15:50:24
Key Financial Figures
- $25,000,000 — right to purchase up to an aggregate of $25,000,000 stated value of the Series F Convertibl
- $525,000 — ights and obligations to purchase up to $525,000 of Series F Convertible Preferred and a
- $7.60 — defined in the Existing Warrants) from $7.60 to $0.60 per share of Common Stock for
- $0.60 — in the Existing Warrants) from $7.60 to $0.60 per share of Common Stock for certain w
- $0.643 — f Common Stock at a conversion price of $0.643 and warrants to purchase up to 1,632,97
- $1,050,000 — hare for an aggregate purchase price of $1,050,000. The Warrants will be immediately exerc
Filing Documents
- form8-k.htm (8-K) — 47KB
- ex4-1.htm (EX-4.1) — 116KB
- ex10-1.htm (EX-10.1) — 20KB
- 0001493152-24-022706.txt ( ) — 384KB
- uavs-20240605.xsd (EX-101.SCH) — 3KB
- uavs-20240605_lab.xml (EX-101.LAB) — 33KB
- uavs-20240605_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
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 5, 2024 AGEAGLE AERIAL SYSTEMS INC. By: /s/ Mark DiSiena Name: Mark DiSiena Title: Chief Financial Officer