Group 1 - Airship AI Holdings, Inc. closed a public offering with net proceeds of approximately $7.04 million after deducting fees and expenses [1][2] - The offering included 2,882,883 shares of common stock and warrants to purchase an equal number of shares at a combined price of $2.775 per share [1][2] - Each share was sold with a warrant that has an exercise price of $2.65, is immediately exercisable, and expires five years after issuance [1][2] Group 2 - Roth Capital Partners and The Benchmark Company acted as co-placement agents for the offering [2] - The net proceeds will be used for working capital and general corporate purposes [2] Group 3 - The offering was made under an effective registration statement on Form S-1 filed with the SEC on August 7, 2024, and became effective on August 29, 2024 [3] - The offering was conducted solely through a prospectus [3] Group 4 - Airship AI, founded in 2006, is a technology company based in Redmond, Washington, specializing in AI-driven video, sensor, and data management surveillance solutions [5] - The company's products aim to enhance public safety and operational efficiency for both public sector and commercial customers [5] - Airship AI's product suite includes Outpost AI edge hardware, Acropolis enterprise management software, and Command visualization tools [5]
Airship AI Announces Closing of $8.0 Million Public Offering