The United States Securities and Exchange Commission (SEC) has reviewed the registration statement on Form S-1 filed by Airship AI Holdings, Inc. on February 7, 2024, and provided comments on February 21, 2024. The SEC's review has resulted in several requests for additional information and amendments to the registration statement. The SEC has asked Airship AI to disclose the purchase prices paid by the selling securityholders for the securities being registered for resale and to include a risk factor regarding the potential negative impact of these sales on the public trading price of the common stock. The SEC also requested expanded disclosure on the exercise prices of warrants, the impact on liquidity, and the company's ability to fund operations. Furthermore, the SEC...Show More

The United States Securities and Exchange Commission (SEC) has reviewed the registration statement on Form S-1 filed by Airship AI Holdings, Inc. on February 7, 2024, and provided comments on February 21, 2024. The SEC's review has resulted in several requests for additional information and amendments to the registration statement. The SEC has asked Airship AI to disclose the purchase prices paid by the selling securityholders for the securities being registered for resale and to include a risk factor regarding the potential negative impact of these sales on the public trading price of the common stock. The SEC also requested expanded disclosure on the exercise prices of warrants, the impact on liquidity, and the company's ability to fund operations. Furthermore, the SEC highlighted the need for Airship AI to discuss the potential sale of a substantial portion of shares by major shareholders Derek Xu and Victor Huang, who hold 40.5% and 30% of outstanding shares, respectively. The SEC emphasized the importance of accurate and adequate disclosures by the company and its management. Airship AI is expected to respond by amending their registration statement and providing the requested information.