AgEagle Aerial Systems Inc. Increases Authorized Common Stock to 200 Million Shares

AgEagle Aerial Systems Inc. (NYSEAMERICAN:UAVS) recently filed a Form 8-K with the Securities and Exchange Commission (SEC) on December 20, 2024. The filing announced that the company had successfully obtained approval from its shareholders to increase its authorized common stock. The Certificate of Amendment to the Articles of Incorporation was filed with the Secretary of State of Nevada and has officially raised the authorized common stock from 5,000,000 to 200,000,000 shares.

During the Special Meeting held on December 20, 2024, shareholders voted on several key matters. The votes resulted in the approval of the Articles Amendment, which became effective upon the filing of the Certificate of Amendment. The full details of these amendments are outlined in the company’s definitive proxy statement on Schedule 14A, filed with the SEC on November 19, 2024.

At the Special Meeting, shareholders voted on three proposals:
1. Approval of the Articles Amendment:
– Votes For: 1,971,503
– Votes Against: 530,152
– Abstentions: 9,548

2. Approval of the Stock Issuance Proposal:
– Votes For: 1,740,079
– Votes Against: 182,469
– Abstentions: 7,471
– Broker Non-Votes: 581,184

3. Approval of the Adjournment Proposal:
– Votes For: 2,175,177
– Votes Against: 318,660
– Abstentions: 17,365

In conjunction with these approvals, the company has also provided the necessary financial statements and exhibits as required by Item 9.01 of the SEC filing. The filing includes the Certificate of Amendment to the Articles of Incorporation and the relevant Interactive Data File.

The report was signed by William Irby, the Chief Executive Officer of AgEagle Aerial Systems Inc., on behalf of the company, meeting the requirements of the Securities Exchange Act of 1934.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AgEagle Aerial Systems’s 8K filing here.

AgEagle Aerial Systems Company Profile

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.