AeroVironment Inc.
AeroVironment, Inc. Announces Issuance of Common Stock and Convertible Senior Notes
Summary
On July 1, 2025, AeroVironment, Inc. entered into underwriting agreements to issue and sell 3,528,226 shares of common stock and $650,000,000 aggregate principal amount of 0% Convertible Senior Notes due 2030. The issuance of common stock was completed on July 3, 2025, and the issuance of Notes, including an over-allotment option, was completed on the same day. The Notes will be the Company's senior, unsecured obligations and will not bear regular interest. Noteholders have the right to convert their Notes into common stock after April 15, 2030, and the Company has the right to redeem the Notes under certain conditions.
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Exhibits (6)
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About AeroVironment Inc.
AeroVironment Inc. is a leading technology company specializing in unmanned aerial systems (UAS) and related products. Primarily serving defense, public safety, and commercial markets, AeroVironment's products are known for their innovation in surveillance, reconnaissance, and tactical operations. It develops and manufactures small, unmanned aircraft systems, tactical missile systems, and electric vehicle charging solutions, contributing significantly to both military and renewable energy sectors. AeroVironment has established itself as a vital player by providing key reconnaissance and surveillance capabilities to defense forces globally, enhancing situational awareness and operational effectiveness. The company's focus on energy-efficient and environmentally friendly technologies underscores its commitment to sustainability. Founded in 1971 and headquartered in Arlington, Virginia, AeroVironment's extensive expertise and pioneering technologies continue to advance the capabilities of UAS, playing a crucial role in modern intelligence and security operations. The company's influence extends across several industries, contributing to innovations in renewable energy infrastructure and achieving strategic breakthroughs in aerial system design and application.
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