Airship AI Holdings, Inc., a company specializing in AI-driven data management solutions, has completed its FORM S-1/A filing with the SEC on July 8, 2024. The filing indicates the company's intention to issue 2,144,772 shares of common stock at $3.73 each, with the stock to be listed on The Nasdaq Global Market under the ticker 'AISP' and warrants on The Nasdaq Capital Market under 'AISPW.' The offering is under firm commitment underwriting, and the underwriters have been granted a 45-day option to purchase additional shares to cover over-allotments. Airship AI Holdings, which is classified as an 'emerging growth company,' plans to use the proceeds for working capital and general corporate purposes. However, the company has a history of losses and...Show More

Airship AI Holdings, Inc., a company specializing in AI-driven data management solutions, has completed its FORM S-1/A filing with the SEC on July 8, 2024. The filing indicates the company's intention to issue 2,144,772 shares of common stock at $3.73 each, with the stock to be listed on The Nasdaq Global Market under the ticker 'AISP' and warrants on The Nasdaq Capital Market under 'AISPW.' The offering is under firm commitment underwriting, and the underwriters have been granted a 45-day option to purchase additional shares to cover over-allotments. Airship AI Holdings, which is classified as an 'emerging growth company,' plans to use the proceeds for working capital and general corporate purposes. However, the company has a history of losses and acknowledges that it may not achieve profitability soon. It also highlights the need for additional funding, the importance of intellectual property rights, reliance on government sales, significant control by executive officers and directors, and no plans for cash dividends. Additionally, the company's shares may be considered penny stocks, which could impact their liquidity and trading price.