other material
confidence high
sentiment neutral
materiality 0.60
Amesite raises $2.3M in registered direct offering and private placement of warrants
Amesite Inc.
- Gross proceeds of $2.3M from sale of 4,181,821 common shares and warrants to purchase 4,181,821 shares at combined price $0.55.
- Warrants exercisable at $0.82 per share, beginning six months after issuance, expiring five and a half years from issuance.
- Net proceeds expected ~$2M after fees; Laidlaw & Company acted as placement agent with 8% cash fee plus warrants.
- Offering closed September 1, 2022; 90-day lock-up agreements for directors and officers.
- Proceeds to be used for working capital and general corporate purposes.