AgEagle Aerial Systems, Inc. announced that it will receive $1,050,000 in funding on April 12, 2024. The company will issue 1,050 Series F Convertible Preferred stock and warrants to purchase up to 1,418,919 shares of Common Stock for proceeds of $1,050,000 iin the transaction. The Convertible Preferred convertible into 1,418,919 shares of Common Stock and warrants exercisable into common stock at an exercise price of $0.74 per share.

The company will issue securities pursuant to exemption provided under Regulation D. The Warrants will be immediately exercisable upon issuance and have a three-year term.