AgEagle Aerial Systems Announces Pricing Of $6.5M Public Offering Of 26.9M Units At a Price Of $0.24/Unit
Portfolio Pulse from Benzinga Newsdesk
AgEagle Aerial Systems Inc. (NYSE:UAVS) announced a public offering of 26.9 million units at $0.24 per unit, expected to raise $6.5 million. Each unit includes one share or a pre-funded warrant, and Series A and B warrants. The offering aims to support the company's financial needs.
September 30, 2024 | 5:44 pm
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AgEagle Aerial Systems is conducting a public offering to raise $6.5 million, issuing 26.9 million units at $0.24 each. This could lead to short-term stock price volatility as the market reacts to the dilution and the company's financial strategy.
The public offering will likely lead to stock dilution, which can negatively impact the stock price in the short term. The market will assess the company's financial strategy and the use of proceeds from the offering.
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