Ageagle aerial systems announces effectiveness of reverse stock split

Wichita, kan., feb. 09, 2024 (globe newswire) -- ageagle aerial systems inc. (nyse american: uavs) (the “company”), a leading provider of full stack drone, sensors and software solutions for customers worldwide in the commercial and government verticals, today announced that, on february 8, 2024, ageagle aerial systems inc. (the “company”) filed a certificate of amendment to its articles of incorporation, as amended to date, (the “charter amendment”) effecting a 1-for-20 reverse stock split (the “reverse stock split”) of the company's common stock, par value $0.001 per share (the “common stock”), for the primary purpose of increasing the per share price of the company's common stock in order to maintain the listing of its common stock on the nyse american. the reverse stock split was previously approved by the company's stockholders and the board of the directors of the company and became effective on february 9, 2024.
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