AgEagle Aerial Systems Enters Sales Agreement to Sell Up to $100 Million in Common Stock through Stifel and Raymond James
Wichita, Kan. -- AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry leading drone solutions provider, today announced that it has entered into an at-the-market sales agreement with Stifel and Raymond James, effective May 25, 2021, under which AgEagle may sell its common stock, from time to time, for up to $100 million in aggregate sales proceeds in “at the market” transactions.
A shelf registration statement on Form S-3 (File No, 333-252801) relating to the common stock offered in the at-the-market equity offering described above was filed with the U.S. Securities and Exchange Commission (SEC) on February 5, 2021 and declared effective by the SEC on May 6, 2021. The offering is being made only by means of a written prospectus and prospectus supplement that form part of the registration statement. A prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and is available at www.sec.gov.
Copies of the prospectus supplement and accompanying prospectus relating to these securities may also be obtained by contacting Stifel, Nicolaus & Company, Incorporated, Attention: Prospectus Department, One Montgomery Street, Suite 3700, San Francisco, CA 94104 or by telephone at (415) 364-2720 or by email at syndprospectus@stifel.com; or from Raymond James & Associates, Inc., Attention: Equity Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by telephone at 800-248-8863, or by email at prospectus@raymondjames.com.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities being offered, nor may there be any sale of the securities being offered in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or other jurisdiction.
About AgEagle Aerial Systems Inc.
Founded in 2010, AgEagle is one of the nation’s leading commercial drone technology providers. AgEagle’s mission is to empower The Drone Age™ by providing American-made, tailored, and scalable drone solutions to the world. The Company is leveraging its reputation as one of the industry’s premium technology solutions and aerial data intelligence providers to deliver high performance, end-to-end drone solutions to the agriculture, commercial and industrial markets. AgEagle products are proudly manufactured and assembled in the United States.
-
Most popular related searches
Customer comments
No comments were found for AgEagle Aerial Systems Enters Sales Agreement to Sell Up to $100 Million in Common Stock through Stifel and Raymond James. Be the first to comment!