Amesite, (“Amesite” or the “Company”) a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announced that it closed its previously announced registered direct offering of 4,181,821 shares of common stock, and a concurrent private placement of warrants to purchase 4,181,821 shares of common stock at a combined purchase price of $0.55. The gross proceeds to Amesite from this offering are approximately $2.3 million, before deducting placement agent fees and other estimated offering expenses. The warrants will be exercisable commencing six months after the date of their issuance, have an exercise price of $0.82 per share and will expire five and one-half years from the date of issuance.
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Laidlaw & Company (UK) Ltd. is acting as sole placement agent for the offering.
This offering of the shares of common stock was made pursuant to an effective shelf registration statement on Form S-3 (No. 333-260666) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) that was declared effective by the SEC on November 5, 2021. A prospectus supplement and accompanying prospectus describing the terms of the proposed offering was filed with the SEC and is available on the SEC’s website.
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This press release shall not constitute an o**** to sell or the solicitation of an o**** to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such o****, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any o****, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.
Amesite delivers its scalable, customizable, white-labeled online learning platform to universities, businesses, museums, and government agencies, enabling them to deliver outstanding digital learning. Amesite provides a single system that combines eCommerce, instruction, engagement, analytics, and administration using best-in-class infrastructure to serve multi-b******-dollar online learning markets. For more information, visit www.amesite.io.
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