Airship AI Announces Pricing of $8.0 Million Public Offering Priced At-Market According to Nasdaq Rules
30 Agosto 2024 - 3:00AM
Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the
“Company”), a leader in AI-driven video, sensor, and data
management surveillance solutions, today announced the pricing of a
public offering priced at-market according to Nasdaq rules of
2,882,883 shares of its common stock and warrants to purchase up to
an aggregate of 2,882,883 shares of its common stock at a combined
public offering price of $2.775 per share and associated common
warrant. Each share of common stock is being sold together with one
warrant to purchase one share of common stock. The warrants will
have an exercise price of $2.65 per share, are exercisable
immediately upon issuance, and will expire five years following the
date of issuance. The closing of the offering is expected to occur
on or about September 3, 2024, subject to the satisfaction of
customary closing conditions.
Roth Capital Partners and The Benchmark Company,
LLC are acting as the co-placement agents for the offering.
The gross proceeds to the Company from the
offering are expected to be approximately $8.0 million, before
deducting the placement agents’ fees and other offering expenses
payable by the Company. The Company intends to use the net proceeds
from this offering for working capital and general corporate
purposes.
The securities described above are being offered
pursuant to the Company’s registration statement on Form S-1 (File
No. 333-281333) originally filed with the Securities and Exchange
Commission (“SEC”) on August 7, 2024, and which became effective on
August 29, 2024. The public offering is being made only by means of
a prospectus, which is part of the effective registration
statement. When available, electronic copies of the final
prospectus may be obtained for free on the SEC’s website located at
http://www.sec.gov and may also be obtained by contacting Roth
Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA
92660 by phone at (800) 678-9147 or e-mail at rothecm@roth.com, or
by contacting The Benchmark Company, LLC at 150 East 58th St., 17th
Floor, New York, NY 10155, by telephone: (212) 312-6700, or by
email at Prospectus@benchmarkcompany.com.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy any of the securities
described herein, nor shall there be any sale of these securities
in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or other
jurisdiction.
About Airship AI Holdings,
Inc.
Founded in 2006, Airship AI (NASDAQ: AISP) is a
U.S. owned and operated technology company headquartered in
Redmond, Washington. Airship AI is an AI-driven video, sensor and
data management surveillance platform that improves public safety
and operational efficiency for public sector and commercial
customers by providing predictive analysis of events before they
occur and meaningful intelligence to decision makers. Airship AI’s
product suite includes Outpost AI edge hardware and software
offerings, Acropolis enterprise management software stack, and
Command family of visualization tools.
For more information, visit
https://airship.ai.
Forward-Looking Statements
The disclosure herein includes certain
statements that are not historical facts but are forward-looking
statements for purposes of the safe harbor provisions under the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such
as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,”
“intend,” “expect,” “should,” “would,” “plan,” “project,”
“forecast,” “predict,” “potential,” “seem,” “seek,” “future,”
“outlook,” and similar expressions that predict or indicate future
events or trends or that are not statements of historical matters,
but the absence of these words does not mean that a statement is
not forward looking. These forward-looking statements include, but
are not limited to, the completion of the public offering, the
satisfaction of customary closing conditions related to the public
offering and the intended use of proceeds from the public offering.
These statements are based on various assumptions, whether or not
identified in this press release, and on the current expectations
of Airship AI’s management and are not predictions of actual
performance. Additional information concerning the Company and its
business, including a discussion of factors that could materially
affect the Company’s financial results are contained in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2023 under the heading “Risk Factors,” as well as the Company’s
subsequent filings with the SEC. All forward-looking statements
included in this press release are made only as of the date of this
press release, and we do not undertake any obligation to publicly
update or correct any forward-looking statements to reflect events
or circumstances that subsequently occur or of which we hereafter
become aware.
Investor Contact:Chris
Tyson/Larry HolubMZ North America949-491-8235AISP@mzgroup.us
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