Summary by Futu AI
On November 20, 2024, Airship AI Holdings, Inc. announced a significant adjustment to the exercise price of its outstanding warrants. The company, listed on The Nasdaq Stock Market LLC under the trading symbols AISP for its common stock and AISPW for its warrants, has reduced the exercise price from $7.80 to $4.50 per share for both its 16,159,012 public warrants and 515,000 private warrants. This strategic move aims to potentially increase the proceeds from the exercise of these warrants, which would be allocated towards working capital and general corporate purposes. The information disclosed under Item 7.01 of the SEC filing is considered 'furnished' and not 'filed' for regulatory purposes, and it will not be incorporated by reference into any future Securities Act or Exchange Act filings. Airship AI, identified as an emerging growth company, has also clarified that it has no obligation to publicly update any forward-looking statements unless required by law.