Amesite (NASDAQ: AMST), a leading artificial intelligence (โAIโ) software company offering a cloud-based learning platform and content creation services for business, university, nonprofit, and government agency learning and upskilling, has increased the size of its previously announced public offering. According to the announcement, the increase is a result of demand. The company noted that the underwriter agreed to increase the size of the public offering and purchase on a best efforts basis 3,750,000, shares of commonย stock at $0.80 per share before underwriting discounts and commissions. The offering is expected to close on or around Feb. 16, 2022, subject to customary closing conditions. UK-based Laidlaw & Company Ltd. is acting as sole book-running manager for the offering. Amesite plans to use gross proceeds from the offering, which are anticipated to be around $3 million, for general corporate purposes, capital expenditures, working capital and general and administrative expenses.
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About Amesite Inc.
Amesite delivers the worldโs most effective online learning systems for employees, studentsย and job seekers. Arti๏ฌcial intelligence drives the platform. Amesite delivers clean, accessibleย interfaces, best-in-class technology, and unparalleled scalability and integration capabilities.ย The companyโsย partnersย giveย itย theย bestย reviews inย theย industry,ย withย customer-brandedย learningย community environments that integrate with existing tools and deliver outstandingย results. Amesite delivers branded systems for businesses, universities, nonpro๏ฌtsย andย governmentย agencies as fast as 24 hours. For more information about the company, please visitย www.Amesite.com.
NOTE TO INVESTORS:ย The latest news and updates relating to AMST are available in the companyโs newsroom atย https://ibn.fm/AMST
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