Summary by Moomoo AI
On June 22, 2024, Airship AI Holdings, Inc., a company specializing in AI-driven surveillance solutions, announced the signing of an Extension Agreement with Platinum Capital Partners Inc. This agreement extends the maturity date of a previously issued Senior Secured Convertible Promissory Note from June 22, 2024, to June 22, 2025. The principal amount of the note is $2,000,000. As part of the agreement, Airship AI issued 232,360 restricted common stock shares to Platinum to cover all interest and extension fees up to the new due date. Additionally, Platinum has been granted a one-time put right to sell back up to 232,360 restricted shares to Airship AI at a price of $2.27518 per share, effective from December 22, 2024, to December 22, 2025. The note also offers a conversion option to Platinum, allowing...Show More