AgEagle Aerial Systems Inc. (OTC:UAVS) Stock Surges After Public Offering News
Those looking into the stocks this morning that had made significant gains on Tuesday could do well to keep an eye on the AgEagle Aerial Systems Inc. (OTC:UAVS) stock. The company is a leading full-stack flight hardware, software, and sensors provider and works with both the public and private sectors.
AgEagle Aerial Systems Inc. Announces Closing of $6.5 Million Public Offering
Yesterday, AgEagle Aerial Systems announced that it had been successful in closing a public offering to raise gross proceeds to the tune of $6.5 million. The development came as a trigger for a major bullish move in the stock, which ended up with gains of as much as 68%. In light of such gains, it would be interesting to see if the stock manages to add to its gains this morning or not.
In the news release, the company announced that it offered 26,899,996 units as part of the offering. Each unit consisted of one share of the company’s common stock, a pre-funded warrant to pick up one share of common stock, a series A warrant to purchase one common stock, and a series B warrant to buy one share of the AgEagle Aerial Systems common stock. The units were offered for $0.24 each. The pre-funded could be exercised immediately and could be exercised any time until exercised entirely.
Traders Notes
| +/- EMA(20) | 0.25 (-47.64%) |
| +/- SMA(50) | 0.34 (-61.50%) |
| +/- SMA(200) | 0.86 (-84.78%) |
| 5-Day Perf. | -52.05% |
| 1-Month Perf. | -66.84% |
| 3-Month Perf. | -71.67% |
| 6-Month Perf. | -81.04% |
| YTD Perf. | -93.76% |
| 1-Year Perf. | -96.06% |
| RSI(14) | 32.35 |
| ATR(14) | 0.05 |
| ADX(14) | 25.34 |
| Beta (5Y) | 1.22 |
