AgEagle Aerial Systems Inc. announced a reverse stock split at a ratio of 1:50.

From GlobeNewswire: 2024-10-03 16:25:14

AgEagle Aerial Systems Inc. announced a reverse stock split of its common stock at a ratio of 1 share for every 50 shares, effective October 14th, trading under the ticker symbol “UAVS” with a new CUSIP number. Each 50 pre-split shares will combine into 1 new share, reducing outstanding shares from 39,720,458 to approximately 850,409. The split aims to meet per share price requirements of NYSE American. No fractional shares will be issued, with shareholders receiving an extra share to round up. Stockholders will receive instructions for stock certificate exchange, while those in brokerage accounts need not take action. Not an offer to sell securities.



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