AgEagle Aerial Systems Regains Compliance with NYSE American Continued Listing Standards

Rhea-AI Summary

AgEagle Aerial Systems (NYSE: UAVS), a provider of unmanned aerial systems, sensors and software solutions, has received notice from NYSE American confirming its regained compliance with continued listing standards. The notice, received on November 6, 2024, confirms that AgEagle now meets the requirements of Section 801(h) and Section 803(B(2)(C) of the NYSE American Company Guide by having at least 50% board independence and two independent audit committee members.

Positive

• Regained compliance with NYSE American listing standards
• Achieved required board independence threshold of 50%
• Met requirement for two independent audit committee members

Negative

• None.

WICHITA, Kan., Nov. 13, 2024 (GLOBE NEWSWIRE) -- AgEagle Aerial Systems Inc. (the “Company”) (NYSE: UAVS), a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announced today that the Company received a notice from the NYSE American LLC (“NYSE American”) on November 6, 2024, advised that the Company had regained compliance with its continued listing standard set forth in Section 801(h) and Section 803(B(2)(C) of the NYSE American Company Guide. Specifically, the Company now has at least 50% board independence and two independent audit committee members.

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.

AgEagle Aerial Systems Contacts

Investor Relations:
Email: UAVS@ageagle.com
Media:
Email: media@ageagle.com

FAQ

When did AgEagle Aerial Systems (UAVS) regain NYSE American compliance?

AgEagle Aerial Systems received notice of regaining compliance with NYSE American listing standards on November 6, 2024.

What NYSE American listing requirements did AgEagle (UAVS) meet in November 2024?

AgEagle met two key requirements: maintaining at least 50% board independence and having two independent audit committee members, as per Sections 801(h) and 803(B(2)(C) of the NYSE American Company Guide.

What is the current listing status of AgEagle (UAVS) on NYSE American?

AgEagle is now in full compliance with NYSE American's continued listing standards following the notice received on November 6, 2024.