Amesite Announces That it Has Regained Compliance with Nasdaq Listing Requirements

Amesite, a leading artificial intelligence software company offering a cloud-based learning platform that delivers 99% learner retention for business and education markets, announced that it has received confirmation from The Nasdaq Stock Market LLC (“Nasdaq”) that it has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2), meets the stockholders’ equity requirement in Nasdaq Listing Rule 5550(b)(1) and meets all other applicable criteria for continued listing.

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Amesite had previously been notified by Nasdaq on March 8, 2022 that it was not in compliance with the minimum bid price requirement because its common stock failed to maintain a minimum bid price of $1.00 per share. In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on March 7, 2023, the tenth consecutive trading day when the closing bid price of the Company’s common stock was over $1.00.

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Dr. Ann Marie Sastry, Amesite’s CEO said, “We are pleased to regain compliance with the Nasdaq listing requirements and continue to focus on generating greater revenue through larger deals, as we drive to profitability. Leveraging generative AI is enabling us to simultaneously grow our platform capabilities, and drive scale and efficiency for our customer base.”

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-billion-dollar online learning markets.

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