Airship AI extends $2M convertible note to June 2025; issues 232,360 shares as interest

Airship AI Holdings, Inc.

Extended maturity of $2M senior secured convertible note from June 22, 2024 to June 22, 2025.
Issued 232,360 restricted common shares to cover all interest and extension fees through June 2025.
Note convertible at lower of $3.69717 or 65% of 5-day VWAP, with floor at $2.27518 per share.
Platinum receives one-time put right to sell shares back to company at $2.27518 (Dec 2024-Dec 2025).
Note carries weighted-average anti-dilution protection and is secured by blanket lien on all assets.

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