other material
confidence high
sentiment neutral
materiality 0.70
Amesite closes $3.6M best-efforts offering; regains Nasdaq equity compliance
Amesite Inc.
- Sold 1,201,667 shares at $3.00 each, gross proceeds $3.6M, net ~$3.08M.
- Officers and directors subscribed ~$1.26M of the offering.
- Underwriters received warrants for 5% of shares at $3.75 exercise price.
- Company believes it now exceeds $2.5M stockholders' equity requirement for Nasdaq listing.
- Laidlaw & Company (UK) and Craft Capital Management acted as joint book-running managers.