11/20/2024 | Press release | Distributed by Public on 11/20/2024 15:16
Item 7.01 Regulation FD Disclosure.
On November 20, 2024, Airship AI, Holdings, Inc. (the "Company") permanently reduced the exercise price of the Company's outstanding 16,159,012 public warrants and 515,000 private warrants, previously exercisable at $7.80 per share, to an exercise price of $4.50 per share. The purpose of this reduced exercise price was to potentially raise proceeds received from the exercise of such warrants, if any, for working capital and general corporate purposes.
The information in Item 7.01 shall be treated as "furnished" and shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in the Company's expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based, except as required by law.