---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-001402"
form_type: "8-K"
ticker: "AISP"
cik: "0001842566"
company_name: "Airship AI Holdings, Inc."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:29:16.676254+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Airship AI refinances $2M secured convertible note with Platinum Capital

## Summary
- Issued amended $2M senior secured convertible note; repayment amount 110% ($2.2M) due June 22, 2024.
- Conversion price lower of $3.69717 or 65% of 5-day VWAP, floor $2.27518; weighted average anti-dilution.
- Also issued amended warrant to purchase 189,334 shares at $3.69717, expiring June 22, 2028.
- Note secured by blanket lien on all assets; guaranteed and subordinated to prior debt.
- Restated original June 2023 note with same $2M principal; terms largely similar but amended conversion price floor.

## SEC filing metadata
- accession: 0001654954-24-001402
- form_type: 8-K
- ticker: AISP
- cik: 0001842566
- company_name: Airship AI Holdings, Inc.
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842566/000165495424001402/0001654954-24-001402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842566/000165495424001402/airsp_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-001402
- JSON: https://secwatch.observer/filing/0001654954-24-001402.json
- Plain text: https://secwatch.observer/filing/0001654954-24-001402.txt

## Key facts
- Debt Financings
  Airship AI Holdings, Inc. amended convertible notes of $2,000,000 with Platinum Capital Partners Inc. at 6% per annum maturing June 22, 2024.
  - Instrument: convertible notes
  - Principal: $2,000,000
  - Counterparty: Platinum Capital Partners Inc.
  - Rate: 6% per annum
  - Maturity: June 22, 2024
  - Event: amendment
  source text: On February 2, 2024, Airship AI Holdings, Inc. (the “Company”) issued and sold to Platinum Capital Partners Inc. (“Platinum”) in a private placement an Amended and Restated Senior Secured Convertible Promissory Note in the principal amount of $2,000,000 (the “Note”). The Note amends and restates in its entirety the Senior Secured Convertible Promissory Note issued to Platinum in the principal amount of $2,000,000 on June 22, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842566/000165495424001402/0001654954-24-001402-index.htm
- Material Agreements
  Airship AI Holdings, Inc. amended Amended and Restated Senior Secured Convertible Promissory Note with Platinum Capital Partners Inc. valued at principal amount of $2,000,000 (effective 2024-02-02).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Platinum Capital Partners Inc.
  - Value: principal amount of $2,000,000
  - Effective: 2024-02-02
  source text: On February 2, 2024, Airship AI Holdings, Inc. (the “Company”) issued and sold to Platinum Capital Partners Inc. (“Platinum”) in a private placement an Amended and Restated Senior Secured Convertible Promissory Note in the principal amount of $2,000,000 (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1842566/000165495424001402/0001654954-24-001402-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.