Airship AI Holdings, Inc. has submitted Amendment No. 1 to its Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) in response to comments from the SEC staff. The amendment, filed on March 6, 2024, addresses concerns raised by the SEC regarding the initial registration filed on February 7, 2024. The SEC's comments included requests for disclosure of the purchase price paid by selling securityholders, the exercise prices of warrants, the potential impact of share sales on the market price, and the company's liquidity and capital resources. Airship AI has updated the Registration Statement to include the requested information, such as the price paid for securities by selling securityholders, the impact of potential sales on the market price...Show More

Airship AI Holdings, Inc. has submitted Amendment No. 1 to its Registration Statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) in response to comments from the SEC staff. The amendment, filed on March 6, 2024, addresses concerns raised by the SEC regarding the initial registration filed on February 7, 2024. The SEC's comments included requests for disclosure of the purchase price paid by selling securityholders, the exercise prices of warrants, the potential impact of share sales on the market price, and the company's liquidity and capital resources. Airship AI has updated the Registration Statement to include the requested information, such as the price paid for securities by selling securityholders, the impact of potential sales on the market price, and the company's liquidity position since the Business Combination. The company's major shareholders, Derek Xu and Victor Huang, who own 40.5% and 30% of outstanding shares respectively, are now able to sell all their shares under the registration statement. The company has also disclosed the potential profit for selling securityholders based on the current trading price and the disparity in returns between them and the public securityholders.