WICHITA, Kan., Nov. 06, 2025 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (dba, EagleNXT) (the “Company” or “EagleNXT”) (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, is proud to announce on November 5, 2025, AgEagle Aerial Systems Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with the investors party thereto (the “Buyers”), pursuant to which, subject to the terms and conditions set forth therein, the Company agreed to issue and sell to the Buyers an aggregate of up to 100,000 shares of the Company's Series G Convertible Preferred Stock, $0.001 par value per share (the “Series G Preferred Stock”). Subject to the terms and conditions of the Certificate of Designation (as defined below), the Series G Preferred Stock is convertible immediately upon issuance, and the conversion price is $1.23 per share, subject to adjustment as provided therein. The Company has agreed to sell, and the Buyers, severally and not jointly, agreed to purchase an aggregate of 12,000 shares of Series G Preferred Stock on the Initial Closing Date (as defined in the Purchase Agreement). Following the approval by the Company's stockholders with respect to the transactions contemplated by the Purchase Agreement and the Certificate of Designation, including the issuance of all of the shares of the Company's common stock, par value $0.001 per share (“Common Stock”), issuable upon conversion of the shares of the Series G Preferred Stock in accordance with the terms of the Purchase Agreement (the “Conversion Shares”) in excess of 19.99% of the issued and outstanding Common Stock as of the date of the Purchase Agreement, the Buyers may, subject to the terms and conditions of the Purchase Agreement, purchase up to a total aggregate of 88,000 shares of Series G Preferred Stock in addition to the 10,000 shares purchased on the Initial Closing Date.
