Summary by Futu AI
On August 29, 2024, Airship AI Holdings, Inc., a company specializing in AI-driven surveillance solutions, announced a public offering of 2,882,883 shares of common stock and equal number of warrants, with the offering priced at $2.775 per share and warrant. The warrants, exercisable immediately, have an exercise price of $2.65 and a five-year expiration. Concurrently, Airship AI entered into agreements with an institutional investor and with Roth Capital Partners, LLC and The Benchmark Company, LLC as co-placement agents. The company agreed to a 90-day lock-up period for its directors, officers, and certain stockholders, and a 60-day prohibition on issuing additional shares. The offering closed on September 3, 2024, with net proceeds of approximately $7.04 million, intended for working capital and corporate purposes. The offering was made under a previously filed SEC registration statement that became effective on August 29, 2024.