RALEIGH – AgEagle, a drone manufacturer, plans to move its headquarters to Raleigh just two years after establishing its headquarters in Wichita.

The Wichita Business Journal reported the move.

Shares in the UAV company (NYSE: UAVS) have been trading under $1 and fell even lower Thursday.

“With the speed at which AgEagle is growing, I believe this move will be integral to our ability to stay disciplined, structurally organized, and rooted in our core beliefs,” CEO Barrett Mooney said in a conference call with investors as reported by The News & Observer.

The company already had an office in Raleigh.