Airship AI Announces Exercise of Warrants for $9.7 Million in Gross Proceeds

Core Points - Airship AI Holdings, Inc. has entered into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to 2,162,162 shares of common stock at an exercise price of $4.50 per share [1] - The closing of the offering is expected to occur on or about October 10, 2025, subject to customary closing conditions [1] - Roth Capital Partners is acting as the financial advisor for this transaction [2] Summary of the Transaction - The holders exercising the warrants will receive new warrants to purchase an aggregate of up to 2,702,702 shares of common stock at an exercise price of $6.20 per share, with a term of 5.5 years [3] - The new warrants will be part of a private placement and have not been registered under the Securities Act of 1933 [3] - The Company will file a resale registration statement within 20 days of closing to register the resale of shares underlying the new warrants [3] Company Overview - 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 through predictive analysis [5] - Airship AI's product suite includes Outpost AI edge hardware and software, Acropolis enterprise management software, and Command visualization tools [5]