secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001654954-24-001402
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424001402/0001654954-24-001402-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424001402/airsp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-001402

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