secwatch.observer — SEC 8-K summary
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Issuer:     Amesite Inc. (AMST)
CIK:        0001807166
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001213900-24-042301
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Amesite presents corporate update; $3.7M cash, no debt, 6 new higher-ed deals since pivot
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- Cash and equivalents of $3.7M, zero debt; average monthly burn projected at $297K over next 12 months.
- Total contract value since inception $2.4M; annual operating expenses reduced 48% from FY2022 to FY2023.
- 6 new higher-ed deals announced since offering no-setup-fee model; NurseMagic beta launched April 2024.
- Industry-leading 96-98% learner retention; platform integrates GPT-4 and runs on Microsoft Azure.
- B2B platform complete and scalable; new B2C apps (NurseMagic, Safety & Security) target professional markets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1807166/000121390024042301/0001213900-24-042301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1807166/000121390024042301/ea0205950-8k_amesite.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-042301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer