Amesite (NASDAQ: AMST) is a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets. The company today announced its entry into securities purchase agreements with institutional investors for the purchase and sale of (i) 4,181,821 shares of common stock and (ii) warrants to purchase 4,181,821 shares of common stock at a combined purchase price of $0.55. Amesite expects approximately $2.3 million in gross proceeds from the offering before deducting placement agent fees and other estimated expenses. The warrants will be exercisable beginning six months after the date of issuance, have an exercise price of $0.82 per share and will expire five years from the date of issuance. Subject to customary conditions, the offering is expected to close on or about Sept. 1, 2022. Laidlaw & Company (UK) Ltd. is acting as sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/XtOQu
About Amesite Inc.
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 multibillion-dollar online learning markets. For more information, visit https://amesite.com.
NOTE TO INVESTORS: The latest news and updates relating to AMST are available in the company’s newsroom at https://ibn.fm/AMST
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