Summary by Futu AI
On June 3, 2024, Airship AI Holdings, Inc., a company listed on The Nasdaq Stock Market LLC under the trading symbols AISP for its common stock and AISPW for its warrants, announced a significant adjustment to the exercise price of its warrants. The Delaware-incorporated company, with its principal executive offices in Redmond, WA, has reduced the exercise price of 16,184,612 public warrants and 515,000 private warrants from $11.50 per share to $7.80 per share. This strategic move aims to potentially increase the proceeds from the exercise of these warrants, which would be allocated for working capital and general corporate purposes. The information disclosed under Item 7.01 of the Form 8-K is considered 'furnished' and not 'filed' for regulatory purposes and will not be deemed incorporated by reference in any subsequent filings under the Securities Act. Airship AI, identified as an emerging growth company, has also clarified that it has no obligation to publicly update or revise any forward-looking statements, except as required by law.