AgEagle Aerial Systems Files S-1 Registration

TL;DR

AgEagle (wings) filed an S-1, looks like they're raising cash.

AI Summary

AgEagle Aerial Systems Inc. filed an S-1 registration statement with the SEC on September 3, 2024. The company, incorporated in Nevada, is involved in the aircraft industry (SIC code 3721). Its principal business address is in Wichita, Kansas. AgEagle Aerial Systems Inc. was formerly known as EnerJex Resources, Inc., Millennium Plastics Corp, and Aurora Corp.

Why It Matters

This S-1 filing indicates AgEagle Aerial Systems Inc. is preparing to offer new securities to the public, which could impact its capital structure and stock availability.

Risk Assessment

Risk Level: medium — S-1 filings often precede significant corporate actions like stock offerings, which can introduce volatility and dilution risk for existing shareholders.

Key Numbers

• 3721 — SIC Code (Indicates the company operates in the Aircraft industry.)
• 88-0422242 — IRS EIN (Employer Identification Number for tax purposes.)

Key Players & Entities

• AgEagle Aerial Systems Inc. (company) — Registrant
• EnerJex Resources, Inc. (company) — Former company name
• MILLENNIUM PLASTICS CORP (company) — Former company name
• AURORA CORP (company) — Former company name
• 3721 (dollar_amount) — Standard Industrial Classification Code for Aircraft
• 88-0422242 (dollar_amount) — IRS Employer Identification Number
• 8201 E. 34th Street N , Suite 1307 Wichita , Kansas 67226 (company) — Business Address
• (620) 325-6363 (dollar_amount) — Business Phone Number

FAQ

Key Financial Figures

• $0.37 — on an assumed public offering price of $0.37 per Unit, which was the reported closin
• $12.0 million — r gross proceeds of up to approximately $12.0 million before deduction of placement agent com
• $0.001 — sting of one share of our common stock, $0.001 par value per share, one Series A warra
• $0 — luding one share of common stock, minus $0.001, and the remaining exercise price o
• $215,000 — expenses related to the offering up to $215,000 for reimbursement of legal expenses and

Filing Documents

• forms-1.htm (S-1) — 1638KB
• ex23-1.htm (EX-23.1) — 4KB
• ex107.htm (EX-FILING FEES) — 26KB
• forms-1_001.jpg (GRAPHIC) — 2KB
• forms-1_003.jpg (GRAPHIC) — 9KB
• 0001493152-24-034740.txt ( ) — 2124KB
• uavs-20240830.xsd (EX-101.SCH) — 3KB
• uavs-20240830_def.xml (EX-101.DEF) — 26KB
• uavs-20240830_lab.xml (EX-101.LAB) — 36KB
• uavs-20240830_pre.xml (EX-101.PRE) — 25KB
• forms-1_htm.xml (XML) — 5KB

From the Filing

As filed with the United States Securities and Exchange Commission on September 3, 2024 Registration No. UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM S-1 REGISTRATION UNDER THE SECURITIES ACT OF 1933 AGEAGLE AERIAL SYSTEMS INC. (Exact name of registrant as specified in our charter) Nevada 3721 88-0422242 (State or other jurisdiction of incorporation or organization) (Primary (I.R.S. Employer Identification Number.) 8201 E. 34 th Street N , Suite 1307 Wichita , Kansas 67226 Tel. No. (620) 325-6363 (Address, including zip code and telephone number, including area code, of registrant's principle executive offices) Mark DiSiena Chief Financial Officer AgEagle Aerial Systems Inc. 8201 E. 34 th Street N , Suite 1307 Wichita , Kansas 67226 Tel. No. (620) 325-6363 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies to: Justin A. Santarosa, Esq. Duane Morris LLP 865 South Figueroa Street, Suite 3100 Los Angeles, California 90017 Tel. No. (213) 689-7466 Thomas J. Poletti, Esq. Veronica Lah, Esq. Manatt, Phelps & Phillips LLP 696 Town Center Drive, 14 th Floor Costa Mesa, California 92626 Tel. No. (714) 371-2500 Approximate date of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.: Large Accelerated Filer Accelerated reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant will file a further amendment which specifically states that this Registration Statement will thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement will become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine. The information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission becomes effective. This prospectus is not an offer to sell these securities and we are not soliciting offers to buy these securities in any state where the offer or sale is not permitted. PRELIMINARY PROSPECTUS AGEAGLE AERIAL SYSTEMS INC. Up to 32,432,432 Common Units, Each Common Unit Consisting of One Share of Common Stock, One Series A Warrant to Purchase One Share of Common Stock and One Series B Warrant to Purchase One Share of Common Stock and/or Up to 32,432,432 Pre-Funded Units, Each Pre-Funded Unit Consisting of One Pre-Funded Warrant to Purchase One Share of Common Stock, One Series A Warrant to Purchase One Share of Common Stock and One Series B Warrant to Purchase One Share of Common Stock Up to 64,864,864 shares of Common Stock Underlying Series A Warrants and Series B Warrant We are offering on a best-efforts basis up to 32,432,432 units (the "Units"), based on an assumed public offering price of $0.37 per Unit, which was the reported closing price of our common stock on The NYSE American on August 28, 2024, for gross proceeds of up to approximately $12.0 million before deduction of placement agent commissions and offering expenses, each Unit consisting of one share

View Full Filing

View this S-1 filing on SEC EDGAR