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WICHITA, Kan. - AgEagle Aerial Systems Inc., operating as EagleNXT (NYSE:UAVS), has entered into a Securities Purchase Agreement with investors to sell up to 100,000 shares of Series G Convertible Preferred Stock, according to a press release statement issued Thursday. The drone technology company, currently valued at approximately $58 million in market capitalization, is scheduled to report its next quarterly earnings on November 13.
The drone and aerial imaging solutions provider will initially sell 12,000 shares of the preferred stock to buyers. The remaining 88,000 shares may be purchased following stockholder approval of the transaction, including authorization to issue common shares upon conversion exceeding 19.99% of currently outstanding common stock. According to InvestingPro data, EagleNXT maintains a healthy balance sheet with more cash than debt and a current ratio of 2.82, providing financial flexibility for this capital raise.
The Series G Preferred Stock is convertible immediately upon issuance at a conversion price of $1.23 per share, subject to adjustments outlined in the Certificate of Designation. This conversion price represents a discount to the current trading price of $1.70, though InvestingPro analysis suggests the stock may still be undervalued compared to its Fair Value estimate.
EagleNXT develops drones, sensors and software solutions for defense, public safety, agriculture, infrastructure, and environmental monitoring applications. The company reports its platforms have conducted more than one million flights globally and achieved regulatory approvals including FAA Operations Over People and Beyond Visual Line of Sight authorizations.
The company’s sensors are reportedly integrated on more than 150 different drone models and used in over 100 research publications worldwide.
The transaction was signed on November 5, 2025, according to the company’s announcement.
In other recent news, EagleNXT has made significant strides with multiple announcements. The company sold three eBee VISION drones to the U.S. Army’s 1st Battalion, 4th Infantry Regiment for use in multinational training exercises in Germany. Additionally, EagleNXT supplied two eBee TAC drone systems to a U.S. military unit as part of a larger Defense Logistics Agency procurement. In another development, Tough Stump Technologies ordered 12 eBee TAC tactical mapping drones from EagleNXT for integration into their ARTEMIS kits used in various defense and public safety missions.
Expanding its international reach, EagleNXT appointed Makville Business Consultation as an authorized distributor for senseFly drones in Egypt. This partnership aims to facilitate the distribution of drone solutions for aerial mapping and data collection across various sectors in Egypt. Similarly, EagleNXT named UAVSICS as its official drone distributor in Chile to enhance its presence in Latin America’s UAV market. These strategic moves highlight EagleNXT’s efforts to broaden its global footprint in the unmanned aerial vehicle industry.
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