secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K/A
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001654954-24-001400
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424001400/0001654954-24-001400-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424001400/airsp_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-001400

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