AgEagle Aerial Systems Inc. has announced it has entered into a Securities Purchase Agreement for the private placement of up to 100,000 shares of its Series G Convertible Preferred Stock, with a total value of up to $100 million. The Series G Preferred Stock is convertible immediately upon issuance at a conversion price of $1.23 per share, subject to adjustment. Initially, investors have agreed to purchase 12,000 shares, with the option to purchase up to an additional 88,000 shares following shareholder approval and other conditions. The transaction is structured as an unregistered sale of securities.
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