AgEagle Aerial Systems Inc. (UAVS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 17.64% of current shares
Recent Dilution: 848.07% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
57M
Potential Supply
10M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

UAVS currently has 57.2M outstanding shares. with limited dilution risk as only 10.1M additional shares (17.6%) are authorized for issuance. The company has significantly diluted shareholders by 848.07% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 57.2M shares outstanding

57M 10M
Apr 14, 2026

8-K filing: AgEagle Aerial Systems Inc. entered into a private placement agreement with ThirdEye Systems Ltd., investing between $10.0 million and $14.95 million in exchange for 3,268,608 ordinary shares and 1,618,227 rights to shares of ThirdEye Systems.

44M 24M
Mar 31, 2026

10-K filing | 43.6M shares outstanding

44M 24M
Nov 10, 2025

8-K filing: AgEagle Aerial Systems Inc. closed a registered direct offering of 12,000 shares of Series G Convertible Preferred Stock on November 10, 2025, receiving gross proceeds of $12 million, with the potential to sell up to 88,000 additional shares pending stockholder approval. ($12.0M proceeds)

35M 32M
Sep 10, 2025

S-3 filing: Ageagle Aerial Systems Inc. is offering a combination of common stock, preferred stock, debt securities, warrants, or units up to $100,000,000.

35M 32M
Aug 14, 2025

10-Q filing | 21.8M shares outstanding

22M 0
Jul 30, 2025

S-3 filing: This S-3 filing is for the resale of up to 7,700,000 shares of common stock by a selling stockholder.

14M 1.1M
Jun 12, 2025

8-K filing: AgEagle Aerial Systems Inc. sold Series F Preferred Stock and warrants to Alpha Capital Anstalt, with Alpha exercising its Additional Investment Right on June 6, 2025 and June 9, 2025. ($1.5M proceeds)

14M 0
May 15, 2025

10-Q filing | 13.9M shares outstanding

14M 0
Apr 10, 2025

S-3/A filing: This S-3/A filing relates to the resale of up to 6,500,000 shares of common stock by the selling stockholder.

13M 0
Apr 09, 2025

S-3/A filing: This prospectus relates to the resale of up to 6,500,000 shares of Common Stock of AgEagle Aerial Systems Inc. by the selling stockholder.

13M 0
Apr 04, 2025

8-K filing: AgEagle Aerial Systems Inc. amended a Series B Common Stock Purchase Warrant and Exchange Agreement with Alpha Capital Anstalt, exchanging 125,361 previously issued Series F Warrants for 88,908 shares of common stock.

13M 0
Mar 31, 2025

10-K filing | 12.8M shares outstanding

13M 0
Feb 14, 2025

S-3 filing: This prospectus relates to the resale of up to 5,500,000 shares of Common Stock of AgEagle Aerial Systems Inc. by the selling stockholder.

4.7M 1.6M
Feb 10, 2025

8-K filing: AgEagle Aerial Systems Inc. entered into a Funding Agreement with Alpha Capital Anstalt and Alpha exercised its Additional Investment Right for 1,000 shares of Series F Convertible Preferred convertible into 450,390 shares of Common Stock and warrants to purchase up to 450,390 shares of Common Stock for $1,000,000. ($1.0M proceeds)

4.7M 0
Nov 19, 2024

10-Q filing | 4.7M shares outstanding

4.7M 0
Oct 14, 2024
Stock Split

8-K filing: Stock split 1-for-50 | Outstanding: 15,946,019 → 850,409

850K 0
Oct 02, 2024

8-K filing: AgEagle Aerial Systems Inc. completed a public offering of 26,899,996 units, each consisting of one share of common stock, one Series A warrant, and one Series B warrant, or a pre-funded warrant, one Series A warrant, and one Series B warrant, at a price of $0.24 per Common Unit and $0.239 per Pre-Funded Unit. ($6.46M proceeds)

16M 23M
Sep 30, 2024

S-1/A filing: S-1/A filing for offering of units consisting of common stock and warrants.

16M 23M
Sep 17, 2024

S-1/A filing: AgEagle is offering up to 32,432,432 units at $0.37 per unit, consisting of one share of common stock, one Series A warrant, and one Series B warrant, with an option for pre-funded warrants for purchasers exceeding 4.99% ownership.

16M 88M
Sep 13, 2024

S-1/A filing: The company is filing an S-1/A to register the sale of common stock, Series A warrants, Series B warrants, pre-funded warrants, and common stock issuable upon exercise of the warrants to the purchasers.

16M 88M
Sep 06, 2024

8-K filing: Alpha Capital Anstalt exercised its Additional Investment Right for the aggregate purchase of 500 shares of Series F Convertible Preferred convertible into 1,238,237 shares of Common Stock and warrants to purchase up to 1,238,237 shares of Common Stock for an aggregate purchase price of $500,000. ($0.5M proceeds)

16M 88M
Sep 03, 2024

S-1 filing: The company is offering Units consisting of common stock, Series A warrants, and Series B warrants. They are also offering pre-funded warrants. The estimated proceeds are $10,500,000 based on an assumed price of $0.37 per share.

16M 88M
Aug 14, 2024

10-Q filing | 15.0M shares outstanding

15M 0
Jul 25, 2024

8-K filing: Alpha Capital Anstalt and the Company amended their Securities Purchase Agreement (SPA) to extend the period for Alpha to exercise its Additional Investment Right to December 31, 2025, and lower the minimum additional investment amount from $1,000,000 to $500,000.

11M 0
Jun 05, 2024

8-K filing: The company sold 1,050 shares of Series F Convertible Preferred convertible into 1,632,970 shares of Common Stock and warrants to purchase up to 1,632,970 shares of Common Stock for an aggregate purchase price of $1,050,000. ($1.05M proceeds)

11M 0
May 16, 2024

S-1/A filing: This prospectus relates to the resale by the Selling Shareholders of up to an aggregate of 5,470,760 shares of common stock of AgEagle Aerial Systems Inc.

11M 0
May 15, 2024

10-Q filing | 11.9M shares outstanding

12M 0
May 14, 2024

S-1/A filing: This prospectus relates to the resale by the Selling Shareholders of up to an aggregate of 5,470,760 shares of common stock of AgEagle Aerial Systems Inc.

11M 0
Apr 29, 2024

S-1 filing: This S-1 filing relates to the resale of common stock by selling shareholders, including shares underlying convertible preferred stock and warrants from private placements in March and April 2024.

11M 0
Apr 18, 2024

8-K filing: Capital Anstalt exercised its Additional Investment Right to purchase 1,050 shares of Series F Convertible Preferred convertible into 1,418,919 shares of Common Stock and warrants to purchase up to 1,418,919 shares of Common Stock at an exercise price of $0.74 per share for an aggregate purchase price of $1,050,000. ($1.05M proceeds)

11M 0
Apr 01, 2024

10-K filing | 10.9M shares outstanding

11M 0
Mar 07, 2024

8-K filing: AgEagle Aerial Systems Inc. reports multiple equity transactions including the potential offering of equity securities and equity-linked securities via Dawson James Securities, the purchase of Series F Convertible Preferred Stock and warrants by Alpha Capital Anstalt and other investors, and warrant exercises by institutional investors reducing the conversion price of the Series F Convertible Preferred. ($1.0M proceeds)

7.1M 0
Feb 09, 2024
Stock Split

8-K filing: Stock split 1-for-20 | Outstanding: 142,520,163 → 7,126,008

7.1M 0
Feb 08, 2024

8-K filing: AgEagle Aerial Systems Inc. and Alpha Capital Anstalt entered into a Securities Exchange Agreement to exchange an Original Issue Discount Promissory Note for a Convertible Note due January 8, 2024, convertible into Common Stock at $0.10 per share, subject to adjustment based on an anticipated reverse stock split.

140M 0
Feb 01, 2024

S-1/A filing: This prospectus relates to the resale of warrant shares issuable upon the exercise of warrants held by selling shareholders.

140M 0
Jan 18, 2024

S-1 filing: This prospectus relates to the resale by the Selling Shareholders of up to 16,319,165 shares of common stock issuable upon the exercise of warrants.

140M 0
Nov 28, 2023

8-K filing: AgEagle Aerial Systems Inc. completed a Series F Offering and a Common Stock Offering on November 24, 2023, raising an aggregate of $2,000,000 in gross proceeds. ($2.0M proceeds)

110M 0
Nov 16, 2023

8-K filing: AgEagle Aerial Systems Inc. executed a sale of 1,500,000 shares of common stock at $0.10 per share to accredited investors for $150,000 and agreed to the sale of 1,850 shares of Series F Preferred Stock, convertible into 14,835,605 common shares, and warrants to purchase 14,835,605 common shares at $0.1247 per share. ($2.0M proceeds)

110M 0
Nov 13, 2023

10-Q filing | 111.1M shares outstanding

110M 0
Sep 15, 2023

8-K filing: AgEagle Aerial Systems Inc. issued 5,000,000 shares of common stock to Alpha Capital Anstalt in exchange for the cancellation of a warrant.

110M 0
Aug 14, 2023

10-Q filing | 109.5M shares outstanding

110M 0
Jul 19, 2023

S-1 filing: This S-1 filing includes an offering of 25,080,000 shares by selling shareholders. The company will not receive proceeds from the sale of these shares, but expects to receive $9,530,400 from the full exercise of warrants for cash, which they intend to use for general corporate and working capital purposes.

110M 0
Jun 12, 2023

8-K filing: AgEagle Aerial Systems Inc. closed an offering on June 8, 2023, raising $4,180,000 in gross proceeds through the issuance of 16,720,000 shares of common stock at $0.25 per share and warrants to purchase up to 25,080,000 shares of common stock exercisable at $0.38 per share. ($4.18M proceeds)

91M 0
Jun 06, 2023

8-K filing: AgEagle Aerial Systems Inc. entered into a Securities Purchase Agreement to sell 16,720,000 shares of common stock at $0.25 per share and warrants to purchase up to 25,080,000 shares of common stock. ($4.18M proceeds)

91M 0
May 15, 2023

10-Q filing | 90.8M shares outstanding

91M 0
Apr 25, 2023

S-3/A filing: This S-3/A filing relates to the resale of up to 14,285,715 shares of Common Stock by the Selling Stockholder.

75M 0
Apr 18, 2023

S-3 filing: This prospectus relates to the resale of up to 14,285,715 shares of Common Stock by the Selling Stockholder.

75M 0
Apr 04, 2023

10-K filing | 75.3M shares outstanding

75M 0
Mar 14, 2023

8-K filing: AgEagle Aerial Systems Inc. sold an additional 3,000 shares of Series F Convertible Preferred convertible into 2,381 shares of common stock and associated common stock warrant to purchase up to 7,143,715 shares of Common Stock for an aggregate purchase price of $3,000,000. ($3.0M proceeds)

86M 0
Dec 06, 2022

8-K filing: AgEagle Aerial Systems Inc. issued a warrant to an institutional investor to purchase up to 5,000,000 shares of common stock at an exercise price of $0.44 per share on December 6, 2022.

86M 0
Nov 14, 2022

10-Q filing | 86.0M shares outstanding

86M 0
Aug 26, 2022

8-K filing: AgEagle Aerial Systems Inc. settled a dispute regarding Heldback Shares from the Measure Global Inc. acquisition, releasing 498,669 shares to the Sellers and cancelling the remaining 498,669 shares.

87M 0
Aug 15, 2022

10-Q filing | 87.0M shares outstanding

87M 0
Jun 30, 2022

8-K filing: AgEagle Aerial Systems Inc. entered into a Securities Purchase Agreement to sell Series F Convertible Preferred Stock and warrants to an institutional investor, with the preferred stock convertible into common stock, and also designated 35,000 shares of Series F Convertible Preferred Stock. ($15.5M proceeds)

82M 0
May 16, 2022

10-Q filing | 81.6M shares outstanding

82M 0
Apr 12, 2022

10-K filing | 81.6M shares outstanding

82M 0
Jan 28, 2022

S-3 filing: This S-3 filing relates to the resale of up to 1,927,407 shares of common stock by a selling stockholder. The company will not receive any proceeds from the sale of these shares.

75M 0
Nov 12, 2021

10-Q filing | 75.3M shares outstanding

75M 0
Aug 18, 2021

10-Q filing | 75.1M shares outstanding

75M 0
May 25, 2021

S-3/A filing: AgEagle Aerial Systems Inc. is registering 540,541 shares of common stock for sale by certain selling stockholders under a Registration Statement on Form S-3.

68M 0
May 17, 2021

10-Q filing | 68.4M shares outstanding

68M 0
May 10, 2021

S-3 filing: This prospectus relates to the resale of up to 540,541 shares of common stock of AgEagle Aerial Systems Inc. by selling stockholders.

15M 32M
Apr 15, 2021

S-3/A filing: This is an S-3/A filing related to a potential offering of securities, including common stock, with underwriters potentially receiving compensation and engaging in market stabilization activities.

15M 31M
Mar 31, 2021

10-K filing | 15.4M shares outstanding

15M 31M
Feb 05, 2021

S-3 filing: This is an S-3 filing related to a shelf offering, allowing the company to sell securities, including common stock, from time to time. Underwriters, dealers, or agents may receive compensation in connection with the sale of the securities.

58M 0
Jan 05, 2021

8-K filing: AgEagle Aerial Systems Inc. entered into a securities purchase agreement with an institutional investor to sell pre-funded warrants to purchase up to 1,057,214 shares of common stock for gross proceeds of approximately $6.375 million. ($0.0M proceeds)

58M 0
Nov 13, 2020

10-Q filing | 58.0M shares outstanding

58M 0
Sep 01, 2020

8-K filing: AgEagle Aerial Systems Inc. amended the Leak-Out Agreement with Mr. Bret Chilcott and Alpha Capital Anstalt, allowing Mr. Chilcott to sell up to 50,000 shares per calendar month during a 12-month restricted period commencing on September 7, 2020.

57M 0
Aug 14, 2020

10-Q filing | 57.2M shares outstanding

57M 0
Aug 06, 2020

8-K filing: AgEagle Aerial Systems Inc. entered into a securities purchase agreement with an institutional investor to sell 3,335,705 shares of common stock and warrants to purchase up to 2,516,778 shares of common stock for gross proceeds of approximately $10 million. ($10.0M proceeds)

33M 13M
Jun 26, 2020

8-K filing: AgEagle Aerial Systems Inc. entered into a securities purchase agreement with an institutional investor to sell 4,407,400 shares of common stock, pre-funded warrants to purchase up to 1,956,236 shares of common stock, and warrants to purchase up to 2,455,476 shares of common stock for gross proceeds of $7 million. ($7.0M proceeds)

33M 13M
Jun 12, 2020

S-3 filing: The company may offer and sell any combination of common stock, preferred stock, debt securities, warrants, or units up to a maximum aggregate offering price of $35,000,000.

33M 13M
May 14, 2020

10-Q filing | 33.3M shares outstanding

33M 0
May 13, 2020

8-K filing: AgEagle Aerial Systems, Inc. entered into a securities purchase agreement to sell 2,400,000 shares of common stock and warrants to purchase up to 3,260,377 shares of common stock to an institutional investor for gross proceeds of approximately $6 million. ($2.54M proceeds)

17M 4.2M
May 05, 2020

S-3/A filing: S-3/A filing for an offering prospectus of common stock, preferred stock, debt securities, warrants or units with a maximum aggregate offering price not exceeding $6,000,000.

17M 4.2M
May 04, 2020

S-3/A filing: AgEagle Aerial Systems Inc. is registering (i) shares of common stock, (ii) shares of preferred stock, (iii) warrants to purchase any Common Stock or Preferred Stock, (iv) debt securities of the Company in one or more series, and/or (v) units consisting of one or more of the foregoing for a maximum aggregate offering price of $6,000,000, and (B) the resale by the selling stockholder of 4,200,000 shares of Common Stock.

17M 4.2M
Apr 27, 2020

S-3 filing: A prospectus to be used for the offering and sale, from time to time in one or more offerings by the registrant of any combination of common stock, preferred stock, debt securities, warrants or units having a maximum aggregate offering price not exceeding $6,000,000.

17M 0
Apr 13, 2020

10-K filing | 16.8M shares outstanding

17M 0
Apr 08, 2020

8-K filing: AgEagle Aerial Systems Inc. entered into a Securities Purchase Agreement with an institutional investor, issuing 1,050 shares of Series E Convertible Preferred Stock convertible into 4,200,000 shares of common stock at $0.25 per share, for a purchase price of $1,050,000. ($1.05M proceeds)

N/A 0
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