Airship AI Holdings, Inc., a company specializing in AI-driven data management, has filed a registration statement and preliminary prospectus with the U.S. Securities and Exchange Commission on June 21, 2024, for the offering of its common stock. The shares will be priced based on the last reported sale price on The Nasdaq Global Market, where the stock is listed under the symbol 'AISP.' The offering is underwritten on a firm commitment basis, and the company has provided underwriters a 45-day option to purchase additional shares for over-allotments. Airship AI Holdings, which is considered an 'emerging growth company,' plans to use the net proceeds for working capital and general corporate purposes. Despite its innovative approach, the company acknowledges a history...Show More

Airship AI Holdings, Inc., a company specializing in AI-driven data management, has filed a registration statement and preliminary prospectus with the U.S. Securities and Exchange Commission on June 21, 2024, for the offering of its common stock. The shares will be priced based on the last reported sale price on The Nasdaq Global Market, where the stock is listed under the symbol 'AISP.' The offering is underwritten on a firm commitment basis, and the company has provided underwriters a 45-day option to purchase additional shares for over-allotments. Airship AI Holdings, which is considered an 'emerging growth company,' plans to use the net proceeds for working capital and general corporate purposes. Despite its innovative approach, the company acknowledges a history of losses and the need for substantial additional funding. It also emphasizes the importance of protecting its intellectual property in a competitive and rapidly evolving industry. Significant recent transactions include a merger and the issuance of convertible notes and warrants. The company also has in place an Equity Incentive Plan, a 401(k) plan with a matching offer, and has disclosed related party transactions with its founders.