UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 1, 2024
AGEAGLE AERIAL SYSTEMS INC.
(Exact Name of Registrant as Specified in Its Charter)
Nevada | 001-36492 | 88-0422242 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
8201 E. 34th Cir N | ||
Wichita, Kansas | 67226 | |
(Address of Principal Executive Offices) | (Zip Code) |
(620) 325-6363
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock | UAVS | NYSE American |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On May 1, 2024 AgEagle Aerial Systems Inc. (the “Company”) issued a press release announcing the U.S. Army Corps of Engineers completed its training for National Guardsman utilizing, among other unmanned aviation systems (“UAS”), the Company’s AgEagle eBee TAC drone and the first fixed-wing drone to be added to the Defense Innovation Unit Blue UAS list, cleared to fly over humans. A copy of the press release is furnished as Exhibit 99.1 hereto.
The information furnished pursuant to Item 7.01, including Exhibit 99.1 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | AgEagle Aerial Systems Inc. Press Release dated May 1, 2024 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AGEAGLE AERIAL SYSTEMS INC. | ||
By: | /s/ Mark DiSiena | |
Name: | Mark DiSiena | |
Title: | Chief Financial Officer | |
Dated: May 1, 2024 |
Exhibit 99.1
AgEagle Aerial Systems Announces its Drones Used by U.S. Army Corps of Engineers
● | U.S. Army Corps of Engineers (USACE) completed its training for National Guardsman utilizing the AgEagle eBee TAC drone, along with other UAVs | |
● | eBee TAC is the first fixed-wing drone to be added to the DIU Blue UAS list and cleared to fly over humans | |
● | Five-day, 32-hour training program prepares future crewmembers to operate Unmanned Aviation Systems (UAS) inside the National Airspace System |
WICHITA, Kan., May 01, 2024 – AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class full stack unmanned aviation systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, today announces the U.S. Army Corps of Engineers (USACE) completed its training for National Guardsman utilizing, among other UAVs, the AgEagle eBee TAC drone, NDAA- compliant and the first fixed-wing drone to be added to the Defense Innovation Unit (DIU) Blue UAS list and cleared to fly over humans.
AgEagle CEO, Bill Irby, commented, “We believe that the use of our drones by the U.S. Army Corps of Engineers to certify their National Guardsman to use USA is a big win as it serves to validate our technology in the U.S. Military-Industrial complex. The UAS can be used to assist Enhanced Response Force Package (CERFP) soldiers in their vital yet dangerous missions. We look forward to continuing to provide mission-critical support to our growing commercial and government customer base as we further position ourselves as a leader in the increasingly growing UAS market.”
Soldiers from the Chemical, Biological, Radiological, Nuclear (CBRN) and high-yield explosive CERFP completed the USACE Unmanned Aviation System (UAS) Basic Qualification Course from March 18-22 at Redstone Arsenal, Alabama. The U.S. military domestic CBRN Response Enterprise includes National Guard units assigned to the National Guard’s Weapons of Mass Destruction Civil Support Teams (WMD-CSTs), CERFPs, and Homeland Response Forces (HRFs). There is at least one National Guard CERFP in each of the 10 Federal Emergency Management Agency (FEMA) regions.
The National Guard CERFP mission capabilities include incident site search of collapsed buildings and structures, conducting rescue tasks to extract trapped casualties, providing mass decontamination, performing medical triage and initial treatment to stabilize patients for transport to medical facilities by the Incident commander, and the recovery of CBRN incident fatalities, all which now include the assistance of unmanned vehicles and other systems.
AgEagle’s eBee TAC is a cyber-secure governmental and tactical mapping drone specifically designed for enhancing situational awareness.
NOTE: The use of the AgEagle and/or eBee TAC is not an endorsement of either product by USACE.
About AgEagle Aerial Systems Inc.:
Through its three centers of excellence, AgEagle is actively engaged in designing and delivering best-in-class flight hardware, sensors and software that solve important problems for its customers. Founded in 2010, AgEagle was originally formed to pioneer proprietary, professional-grade, fixed-winged drones and aerial imagery-based data collection and analytics solutions for the agriculture industry. Today, AgEagle is a leading provider of full stack UAS, sensors and software solutions for customers worldwide in the energy, construction, agriculture, and government verticals. For additional information, please visit our website at www.ageagle.com
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements involve risks and uncertainties that could negatively affect our business, operating results, financial condition, and stock price. Factors that could cause actual results to differ materially from management’s current expectations include those risks and uncertainties relating to our competitive position, the industry environment, potential growth opportunities, and the effects of regulation and events outside of our control, such as natural disasters, wars, or health epidemics. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
AgEagle Aerial Systems Contacts:
Investor Relations:
Email: UAVS@ageagle.com
Media:
Email: media@ageagle.com