Airship AI raises $9.7M via warrant exercise inducement; issues new warrants at $6.20

Airship AI Holdings, Inc.

Gross proceeds of $9,729,729 from cash exercise of 2,162,162 existing warrants at $4.50 per share.
Issued 2,702,702 inducement warrants at $6.20, exercisable for 5.5 years immediately.
Holder is Armistice Capital Master Fund Ltd.; new warrants unregistered under Section 4(a)(2).
Company to file resale registration statement for new warrant shares within 20 days.
Net proceeds to be used for working capital and general corporate purposes.

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