AgEagle Aerial Systems Inc. 8-K
Research Summary
AI-generated summary
AgEagle Aerial Systems Amends Purchase Agreement for Series G Preferred
What Happened
AgEagle Aerial Systems Inc. announced an amendment (dated February 6, 2026) to the Securities Purchase Agreement it originally entered on November 5, 2025. Under the original agreement the Company agreed to issue and sell up to 100,000 shares of Series G Convertible Preferred Stock (par value $0.001). The Amendment changes when the investors (the Purchasers) may elect to purchase Additional Preferred Shares.
Key Details
- Original Purchase Agreement date: November 5, 2025; Amendment date: February 6, 2026.
- Security involved: up to 100,000 shares of Series G Convertible Preferred Stock, $0.001 par value.
- Timing change: Purchasers may now elect to purchase Additional Preferred Shares at any time (previously limited to every 31 trading days).
- Minimum purchase size: each such purchase must be at least $2,000,000.
- The Amendment is filed as Exhibit 10.1 to the Form 8-K.
Why It Matters
The Amendment directly changes how and when additional Series G preferred shares can be issued under the Purchase Agreement by removing the 31-trading-day interval and imposing a $2.0 million minimum per purchase. Investors should review the Amendment (Exhibit 10.1) and the original Purchase Agreement to understand potential effects on the company’s capital raising, share count, and the rights associated with the Series G shares.