other material
confidence high
sentiment neutral
materiality 0.60
Amesite closes public offering of 3.75M shares at $0.80, raising $3M gross / $2.58M net
Amesite Inc.
- Priced best-efforts offering of 3,437,500 shares at $0.80/share on Feb 11; size increased to 3,750,000 on Feb 14.
- Closed offering on Feb 16; sold 3,750,000 shares for gross proceeds of $3,000,000.
- Net proceeds after underwriting commissions and expenses: approximately $2,580,000.
- Proceeds to be used for general corporate purposes, capex, working capital, and G&A.
- Laidlaw & Company acted as sole book-running manager; warrants issued for 5% of shares (up to 187,500).