Airship AI Announces Pricing of $8.0 Million Public Offering Priced At-Market According to Nasdaq Rules

Core Points - Airship AI Holdings, Inc. announced a public offering of 2,882,883 shares of common stock and warrants at a combined price of $2.775 per share [1] - The offering is expected to generate approximately$8.0 million in gross proceeds for the company [2] - The company plans to use the net proceeds for working capital and general corporate purposes [2] Offering Details - Each share of common stock is sold with one warrant to purchase an additional share at an exercise price of $2.65, which is exercisable immediately and expires in five years [1] - The closing of the offering is anticipated on or about September 3, 2024, pending customary closing conditions [1] Company Overview - Airship AI, founded in 2006 and headquartered in Redmond, Washington, specializes in AI-driven video, sensor, and data management surveillance solutions [5] - The company's product suite includes Outpost AI edge hardware, Acropolis enterprise management software, and Command visualization tools, aimed at enhancing public safety and operational efficiency [5]