secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001654954-24-008104
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424008104/0001654954-24-008104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000165495424008104/airsp_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-008104

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