Joint VentureApr 14, 2026, 12:49 PM
AgEagle invests up to $14.95M in ThirdEye, forms 51% JV for counter-drones
AI Summary
AgEagle Aerial Systems Inc. (EagleNXT) invested between $10.0 million and $14.95 million in ThirdEye Systems Ltd., acquiring ordinary shares and rights to shares. Concurrently, the companies formed ThirdEye USA, LLC, a joint venture where AgEagle holds a 51.0% stake and controls three of five management positions. This new entity will focus on providing counter-drone products and systems to the U.S. and Canadian markets, with operations expected to begin by May 2026.
Key Highlights
- AgEagle invested $10.0M-$14.95M in ThirdEye Systems for shares and rights.
- Formed ThirdEye USA, LLC, a joint venture for counter-drone products.
- AgEagle owns 51.0% of ThirdEye USA and appoints 3 of 5 managers.
- ThirdEye USA will serve the U.S. and Canadian markets.
- Operations for ThirdEye USA are anticipated to begin by May 2026.