REDMOND, Wash., Oct. 09, 2025 (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, announced today the entry into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 2,162,162 shares of common stock, issued by the Company on December 26, 2024 (the "Existing Warrants"), at the existing exercise price of $4.50 per share. The shares of common stock issuable upon exercise of the Existing Warrants are registered pursuant to an effective registration statement on Form S-3 (File No. 333-284462). The closing of the offering is expected to occur on or about October 10, 2025, subject to satisfaction of customary closing conditions.

Roth Capital Partners is acting as the Company's financial advisor for this transaction.

In consideration for the immediate exercise of the warrants for cash, the exercising holders will receive new warrants to purchase shares of common stock in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the "1933 Act"). The new warrants will be exercisable into an aggregate of up to 2,702,702 shares of common stock, will be exercisable immediately at an exercise price of $6.20 per share, and have a term of exercise equal to five and one-half (5.5) years. The securities offered in the ...