GlobeNewswire Inc | Mar 5, 2021 11:58AM EST

March 05, 2021

NEW YORK, March 05, 2021 (GLOBE NEWSWIRE) -- Pawar Law Group announces a class action lawsuit on behalf of shareholders who purchased shares of AgEagle Aerial Systems, Inc. (NYSE: UAVS) from September 3, 2019 through February 18, 2021, inclusive (the Class Period). The lawsuit seeks to recover damages for AgEagle Aerial Systems, Inc. investors under the federal securities laws.

To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or emailinfo@pawarlawgroup.comfor information on the class action.

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: AgEagle did not have a partnership with Amazon and in fact never had any relationship with Amazon; rather than correct the publics understanding about a partnership with Amazon, defendants were actively contributing to the rumor that AgEagle had a partnership with Amazon; and as a result, defendants statements about AgEagles business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you wish to serve as lead plaintiff, you must move the Court no later than April 27, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

No class has been certified. Until a class is certified, you are not represented by counsel unless you hire one. You may hire counsel of your choice. You may also do nothing at this time and be an absent member of the class. Your ability to share in any future recovery is not dependent upon being a lead plaintiff.

Pawar Law Group represents investors from around the world. Attorney advertising. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact: Vik Pawar, Esq. Pawar Law Group 20 Vesey Street, Suite 1410 New York, NY 10007 Tel: (917) 261-2277 Fax: (212) 571-0938 info@pawarlawgroup.com