Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against AgEagle Aerial Systems, Inc. (UAVS) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

PHILADELPHIA, Feb.26, 2021 (GLOBE NEWSWIRE) – Kaskela Law LLC announces that a class action lawsuit has been filed against AgEagle Aerial Systems, Inc. (“AgEagle” or the “Company”) (NYSE: UAVS) by investors who Have bought shares in the company’s securities between September 3, 2019 and February 18, 2021including (the “Class Period”).

AgEagle investors who have suffered an investment loss of more than $ 100,000 are requested to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) At (484) 258-1585 or email skaskela@kaskelalaw.com Contact to discuss this measure and your legal rights and options. You can also find more information about participating in the campaign at https://kaskelalaw.com/case/ageagle-aerial-systems-inc/.

As detailed in the complaint, Bonitas Research published a report on February 18, 2021, which stated, among other things, that AgEagle was “a pump and dump program operated by Alpha Capital Anstalt (“ Alpha Capital ”), AgEagle’s founder and former chairman Bret, Chilcott and other UAVS insiders cheat US investors. “The report also says:“ In April 2020 there were rumors about a partnership between Amazon. . . & AgEagle was started by a promotional video uploaded to the personal website and Youtube account of AgEagle’s founder and former chairman Bret Chilcott’s daughter. Following the news, AgEagle’s shares fell $ 5.13 per share, or over 36%, to close at $ 2.96 per share on February 18, 2021.

IMPORTANT DEADLINE: Investors who purchased AgEagle’s securities during the class period can: by April 27, 2021 at the latesttry to be appointed as the plaintiff’s principal agent in the lawsuit. AgEagle investors who have suffered an investment loss of more than $ 100,000 are encouraged to contact Kaskela Law LLC to discuss this opportunity to participate in the promotion.

Kaskela Law LLC only represents investors in the areas of securities fraud, corporate governance, and merger and acquisition disputes. For more information about Kaskela Law LLC, please visit www.kaskelalaw.com.

D. Seamus Kaskela, Esq.
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258-1585
(888) 715-1740

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