Ageagle satisfies in full all payment obligations for 2021 acquisitions of micasense and sensefly at a 50% discount

Wichita, kan., aug. 02, 2022 (globe newswire) -- ageagle aerial systems inc. (nyse american: uavs) (“ageagle” or the “company”), an industry-leading provider of full-stack drone, sensor and software solutions for commercial and government/defense use, today announced that pursuant to certain waiver agreements dated as of july 22, 2022, the company has made final holdback payments in full satisfaction of its payment obligations for the 2021 acquisitions of micasense, sensefly, sa and sensefly, inc. in an effort to strengthen its balance sheet and properly position the company for strategic growth opportunities.
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