It’s also clear that the CEO has the kind of background necessary to grow AgEagle’s business. Looking at Drozd’s shareholder letter, it’s clear he’s got the company focused on three potentially lucrative industry sectors. The big unknown is whether the good news will last.
There’s no question the existing shareholder stepping up is a shot in the arm for the company. It plans to use the funds for general corporate purposes, including the investments required to get its new manufacturing facility in Wichita up and running. If exercised, the capital raise is for more than $18 million, or more than four times its current assets. 6, 2021, the shares from the exercise of warrants would generate an additional $8.3 million in gross proceeds. Discover eBeeTACPublicSafety UAV: bit.ly/3n1KqrV. The warrants are good until June 6, 2021, and have an exercise price of $3.30 a share. Our new photogrammetry drone, eBee TAC Public Safety, is designed for search and rescue, firefighting, disaster response and perimeter surveillance professionals that need to fly Operations Over People (OOP). To help the company get to the next level, it announced August 5 that it’s selling stock and warrants worth $10 million to an existing shareholder.
Now, to be fair to the company, its first quarter of 2020 sales did increase 751% year-over-year, but you’re still taking a giant leap of faith that the new CEO can deliver the goods.
You can also use Moomoo to open an account to trade shares of AgEagle Aerial Systems. Common Stock (UAVS) News Headlines Nasdaq Skip to main. Provide the latest market data of AgEagle Aerial Systems (UAVS), including prices, candlestick charts of various timeframes, basic information and real-time news information, financial analysis, company introduction, and dividend information. 10 Small-Cap Stocks Ready to Become Large Caps Find the latest news headlines from AgEagle Aerial Systems, Inc. Ageagle Aerial story: Acquisition by Grant Begley of 25000 shares of Ageagle Aerial subject to Rule 16b 3 and other headlines for Ageagle Aerial Systems.
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