Summary by Moomoo AI
On December 24, 2024, Airship AI Holdings entered into a warrant exercise inducement offer with an existing warrant holder. The holder agreed to exercise warrants for 2,882,883 shares at $2.65 per share, generating approximately $7.64 million in gross proceeds. In exchange, Airship AI will issue new warrants for 2,162,162 shares at $4.50 per share.The company plans to use the net proceeds for working capital and general corporate purposes. The new inducement warrants, issued in a private placement, are immediately exercisable and valid for five years. Airship AI has committed to file a resale registration statement within 20 days of closing to register the shares underlying these warrants.As part of the transaction, Airship AI engaged Roth Capital Partners as a financial advisor, agreeing to pay up to 6% of the gross proceeds from the warrant exercise. The company expects this deal to strengthen its financial position and support ongoing operations.
