Amesite (NASDAQ: AMST), a leading artificial intelligence (“AI”) software company offering a cloud-based learning platform for education, business and government markets, will effect a 1-for-12 reverse split of its common stock; the reserve split was effective today at open of business. According to the announcement, AMST common stock will trade on a post-split basis on NASDAQ with the stock trading under the same symbol: AMST. The intention for the reverse stock split is primarily to bring the company into compliance with NASDAQ minimum bid price requirements. The company noted that the reverse stock split was approved at a special meeting held on Feb. 15, 2023; during the meeting, Amesite stockholders voted on the issue; the company noted in the announcement that the final ratio would be determined by Amesite’s board of directors. Following the reverse stock split, Amesite will have an estimated 2,533,359 shares of common stock issued and outstanding.
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About Amesite Inc.
Amesite delivers its scalable, customizable, white-labeled online learning platform to universities, businesses, museums and government agencies, enabling them to deliver outstanding digital learning. Amesite provides a single system that combines eCommerce, instruction, engagement, analytics and administration using best-in-class infrastructure to serve multibillion-dollar online learning markets. For more information about the company, please visit www.Amesite.io.
NOTE TO INVESTORS: The latest news and updates relating to AMST are available in the company’s newsroom at https://ibn.fm/AMST
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