Trending...
- Are Productions Missing the Full Opportunities of Social Media Marketing?
- Legacy Gospel Series Project - New Previously Unreleased Recordings
- Obtain a USCG Captain's License During COVID-19
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of AgEagle Aerial Systems Inc. ("AgEagle" or the "Company") (NYSE: UAVS) on behalf of investors concerning the Company's possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On February 18, 2021, Bonitas Research published a report alleging, among other things, that AgEagle "was a pump & dump scheme orchestrated by Alpha Capital Anstalt ('Alpha Capital'), AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors." The report also alleged that "in April 2020 rumor of a partnership between Amazon . . . & AgEagle was started by a promotional video uploaded to AgEagle's founder and former chairman Bret Chilcott's daughter's personal website and youtube account" but that "we have found no evidence of any 'major e-commerce customer.'" In mid-2020, AgEagle received over $23 million in proceeds from registered direct offerings. Then, in fourth quarter 2020, an Amazon spokesperson stated that the company does not have any dealings with AgEagle whatsoever.
More on The Californer
On this news, the Company's stock price fell sharply during intraday trading on February 18, 2021.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased AgEagle securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
If you are a shareholder who suffered a loss, click here to participate.
On February 18, 2021, Bonitas Research published a report alleging, among other things, that AgEagle "was a pump & dump scheme orchestrated by Alpha Capital Anstalt ('Alpha Capital'), AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors." The report also alleged that "in April 2020 rumor of a partnership between Amazon . . . & AgEagle was started by a promotional video uploaded to AgEagle's founder and former chairman Bret Chilcott's daughter's personal website and youtube account" but that "we have found no evidence of any 'major e-commerce customer.'" In mid-2020, AgEagle received over $23 million in proceeds from registered direct offerings. Then, in fourth quarter 2020, an Amazon spokesperson stated that the company does not have any dealings with AgEagle whatsoever.
More on The Californer
- Bronx DWI Lawyer Announces New Website
- Recording Artist "Cherne" Crystal Brown auditions for Sony Music, Atlantic Records and Capitol Records and it doesn't stop there
- San Francisco: City Leaders Join Together to Announce Two New Initiatives to Prevent Recidivism and Gun Violence
- San Jose: Draft IS/Addendum: Our Lady of La Vang Church (SP19-028)
- San Jose: Draft IS/Addendum: 645 Horning Street Gas Station, Food, and Storage Project (PDA16-027-02)
On this news, the Company's stock price fell sharply during intraday trading on February 18, 2021.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased AgEagle securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Filed Under: Business
0 Comments
Latest on The Californer
- Emmy Nominated Television Producer, Erika Bryant To Release New Book Titled Doing It Scared
- The 2021 Encore Gospel Celebration of Unity Virtual Concert a must see star-studded event
- New Phase 3 Clinical Study Finds Nutritional Protocol Including Nicotinamide Riboside Accelerates Recovery in Mild-to-Moderate COVID-19 Patients
- The Koedo Kawagoe Spring Festival Celebrates the Arrival of Springtime in Kawagoe, Japan
- Dropbox, Inc. Announces Upsize and Pricing of $1.306 Billion Convertible Senior Notes Offering
- Santa Monica Democratic Club Votes Unanimously to Approve Resolution for Columbia Sussex to Cease Future Operations in City, as Labor Dispute with UNITE HERE Local 11 Enters Fifth Year
- Long Beach: 58% of Seniors Vaccinated
- How to Get Product Testimonial Videos Very Quickly
- Aaron's Energy: An Unexpected Journey Through Grief and the Afterlife With My Brilliant Son
- California: Governor Newsom Announces Appointments 2.23.21
- Blume TV launches on Roku in 12 countries across Latin America
- Sulfated Glycosaminoglycans Assay Kit
- Veteran Prosecutor Jimmie Wilson, Running for Alameda County District Attorney on Platform of Accountability, Fairness and Transparency
- World's First aprevo™ Personalized Spine Surgery Performed Using the Only Available Spine Technology with FDA Breakthrough Designation
- MC Residential Activates in the Wake of Texas Weather Crisis
- BYD Announces Dealer Agreement with Ogden Forklifts
- Governor Newsom Signs Legislative Package Providing Urgent Relief to Californians Experiencing Pandemic Hardship
- The Best SEO Company in New York City Is Proving Local Businesses Free SEO Audit As COVID-19 Relief
- New DL-100S Series Remote Temperature & Humidity Data Logger with LCD Screen & IP66 Housing
- Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Jianpu Technology, Inc. (JT)