Joint VentureApr 14, 2026, 07:36 AM
AgEagle Invests $10M-$14.95M, Forms JV for Counter-Drone Products
AI Summary
AgEagle Aerial Systems Inc. (EagleNXT) has invested between $10.0 million and $14.95 million in ThirdEye Systems Ltd. through a private placement, acquiring ordinary shares and rights to shares. Concurrently, the companies formed a joint venture, ThirdEye USA, LLC, to supply counter-drone products and systems to the U.S. and Canadian markets. AgEagle will hold a 51.0% ownership stake in ThirdEye USA and expects the entity to be operational by May 2026.
Key Highlights
- AgEagle invested $10.0M to $14.95M in ThirdEye Systems Ltd.
- Acquired 3,268,608 ordinary shares and 1,618,227 rights to shares.
- Formed ThirdEye USA, LLC joint venture for counter-drone products.
- AgEagle owns 51.0% of ThirdEye USA and appoints 3 of 5 managers.
- ThirdEye USA expected to be operational by May 2026.