REDMOND, Wash., Aug. 29, 2024 (GLOBE NEWSWIRE) -- 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 ...
