AgEagle Aerial Systems Prices $4.2M Registered Direct Offering And Concurrent Private Placement
Portfolio Pulse from Benzinga Newsdesk
AgEagle Aerial Systems (NYSE:UAVS) has priced a $4.2 million registered direct offering and concurrent private placement, consisting of 16,720,000 shares of common stock and 25,080,000 common stock purchase warrants at a combined price of $0.25 per share and accompanying common warrants.
June 06, 2023 | 12:38 pm
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AgEagle Aerial Systems' $4.2 million registered direct offering and concurrent private placement may lead to short-term dilution for existing shareholders.
The offering of 16,720,000 shares and 25,080,000 common stock purchase warrants at a combined price of $0.25 per share and accompanying common warrants may lead to short-term dilution for existing shareholders. This is because the new shares will increase the total number of outstanding shares, potentially reducing the value of existing shares.
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