Summary by Moomoo AI
On February 2, 2024, Airship AI Holdings, Inc. entered into a significant financial agreement with Platinum Capital Partners Inc. The company issued an Amended and Restated Senior Secured Convertible Promissory Note for $2,000,000, which is an amendment and restatement of a previous note issued on June 22, 2023. The note carries an interest rate of 6% per annum and is set to mature on June 22, 2024, with a repayment amount of 110% of the principal, totaling $2,200,000. Additionally, Platinum has the option to convert the principal and any accrued interest into Airship AI's common stock at a conversion price subject to certain conditions. Alongside the note, Airship AI also issued a related Amended and Restated Common Stock Purchase Warrant for 189,334 shares at an exercise price of $3.69717, expiring on...Show More