Airship AI amends 8-K to reclassify earnout shares as liability in pro forma statements

Airship AI Holdings, Inc.

Amendment corrects classification of up to 5M Earnout Shares from equity to liability; shows $46.2M earnout liability.
Pro forma balance sheet as of Sept. 30, 2023 updated; no change to $225M total equity value or deal terms.
Original 8-K filed Dec. 28, 2023; amended filing dated Feb. 6, 2024 with corrected Exhibit 99.1.
Correction arises from applying GAAP guidance on contingent consideration in reverse recapitalization.

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