Amesite announces closing of $2.3 million registered direct offering

Detroit, sept. 01, 2022 (globe newswire) -- amesite inc. (nasdaq: amst), (“amesite” or the “company”) a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, today announced that it closed its previously announced registered direct offering of 4,181,821 shares of common stock, and a concurrent private placement of warrants to purchase 4,181,821 shares of common stock at a combined purchase price of $0.55. the gross proceeds to amesite from this offering are approximately $2.3 million, before deducting placement agent fees and other estimated offering expenses. the warrants will be exercisable commencing six months after the date of their issuance, have an exercise price of $0.82 per share and will expire five and one-half years from the date of issuance.
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