Summary by Futu AI
Airship AI Holdings, Inc. has submitted Amendment No. 2 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 includes revised disclosures regarding the price paid by selling securityholders for their shares, the exercise prices of warrants, the potential impact of share sales on the market price of common stock, and the company's liquidity and capital resources. Notably, the amendment addresses the potential for negative market pressure due to the sale of a substantial portion of shares for resale, particularly by major shareholders Derek Xu and Victor Huang. The company has also updated its risk factors to reflect these concerns and the potential impact on its ability to raise additional capital. The response to the SEC's comments was submitted on April 10, 2024, and includes revisions to the cover page, risk factors, and Management's Discussion and Analysis sections of the Registration Statement.