Amesite (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, has announced its entrance into securities purchase agreements with institutional investors. The agreements are for the purchase and sale of 4,181,821 shares of AMST common stock along with warrants to purchase an additional 4,181,821 shares of common stock at a combined purchase price of $0.55. According to the announcement, Amesite anticipates gross proceeds from the offering, which is expected to close on or before Sept. 1, 2022, to reach an estimated $2.3 million before fees and expenses. The company also noted that the warrants will be exercisable six months after the date of their issuance and will have an exercise price of $0.82 per share; the warrants will have an expiration date of five and one-half years from the date of issuance. Laidlaw & Company (UK) Ltd. is acting as sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/2HsIm
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 about the company, please visit www.Amesite.io.
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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