Airship AI's Successful Public Offering Raises $8 Million
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Airship AI's Successful Public Offering Closes
Airship AI Holdings, Inc. (NASDAQ: AISP) has achieved a significant milestone by completing its previously announced public offering, with net proceeds of around $7.04 million following the deduction of agent fees and offering expenses. This public offering, which included 2,882,883 shares of common stock along with warrants, was priced at $2.775 per share, reflecting a strategic move in the world of AI-driven surveillance solutions.
Details of the Offering
The offering was structured as a registered direct offering, aligning with Nasdaq rules. Each share was bundled with a warrant that allows the purchase of additional shares at an exercise price of $2.65. These warrants are immediately exercisable and will remain valid for five years post-issuance, providing potential future capital to the company.
Role of Placement Agents
Roth Capital Partners and The Benchmark Company, LLC were appointed as co-placement agents for this offering. Their involvement played a crucial role in facilitating the process, ensuring that the offering was successfully executed and aligned with market expectations.
Intended Use of Proceeds
The funds raised from this public offering are earmarked for working capital and general corporate purposes, reinforcing Airship AI's commitment to enhancing its operational capabilities. This strategic move will support their ongoing initiatives in expanding their advanced AI solutions used for video and data surveillance.
Corporate Overview of Airship AI Holdings, Inc.
Founded in 2006 and headquartered in Redmond, Washington, Airship AI is at the forefront of technology innovation. The company specializes in AI-driven video, sensor, and data management solutions that aim to enhance public safety and operational efficiency for both public sector and commercial clientele. Their product offerings include the Outpost AI edge hardware and software, Acropolis enterprise management software, and Command visualization tools.
Commitment to Innovation
With a vision to provide predictive analytics that preemptively address potential safety concerns, Airship AI is dedicated to delivering meaningful intelligence to decision-makers. This commitment not only highlights their role in improving public safety but also showcases the growing importance of AI in operational frameworks.
Investor Relations Contacts
For further inquiries, investors can reach out to Chris Tyson or Larry Holub at MZ North America. They are available at 949-491-8235 or via email at AISP@mzgroup.us.
Frequently Asked Questions
What is the amount raised in Airship AI's public offering?
Airship AI raised approximately $7.04 million in net proceeds from the offering.
What will the proceeds from the public offering be used for?
The proceeds are intended for working capital and general corporate purposes.
Who was involved in the public offering?
Roth Capital Partners and The Benchmark Company, LLC acted as the co-placement agents during the offering.
What products does Airship AI specialize in?
Airship AI specializes in AI-driven video, sensor, and data management solutions aimed at improving public safety and operational efficiency.
How can investors contact Airship AI for more information?
Investors can contact Chris Tyson or Larry Holub at MZ North America, or email AISP@mzgroup.us.
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