Amesite Inc. Announces Pricing of Initial Public Offering
September 25 2020 - 8:00AM
Amesite Inc. (the “Company”), an artificial intelligence software
company providing online educational programs for higher education,
announced today the pricing of its initial public offering of
3,000,000 shares of common stock at an offering price of $5.00 per
share. In addition, Amesite has granted the underwriters a
45-day option to purchase up to an additional 450,000 shares of
common stock at the public offering price per share, less the
underwriting discounts and commissions, to cover over-allotments,
if any.
The shares of the Company’s common stock will begin trading on
the Nasdaq Capital Market on September 25, 2020 under the ticker
symbol “AMST”.
Laidlaw & Company (UK) Ltd. acted as the sole book-running
manager for the offering. The Benchmark Company, LLC acted as
the co-manager for the offering.
The offering is being made solely by means of a prospectus. A
copy of the final prospectus related to the offering may be
obtained, when available, from Laidlaw & Company (UK) Ltd., 521
Fifth Ave., 12th Floor, New York, NY 10175, telephone: (212)
953-4917 or email: syndicate@laidlawltd.com. Investors
may also obtain these documents at no cost by visiting the
Securities and Exchange Commission's (“SEC”) website
at http://www.sec.gov. Before you invest, you should
read the prospectus and other documents the Company has filed or
will file with the SEC for more complete information about the
Company and the offering.
A registration statement on Form S-1 (File No. 333-248001)
relating to this offering was filed with the SEC and was declared
effective by the SEC on September 24, 2020. This press
release does not constitute an offer to sell or a solicitation of
an offer to buy the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Amesite Inc.
Amesite is a high tech artificial intelligence software company
offering a cloud-based platform for college, university and
business learning products to be cost-effectively and conveniently
delivered to learners online and in hybrid online/on campus
formats. Amesite uses artificial intelligence technologies to
provide customized environments for learners, easier-to-manage
interfaces for instructors, and greater accessibility for learners
in the US education market and beyond. The Company leverages
existing institutional infrastructures, adding mass customization
and cutting-edge technology to provide cost-effective, accessible,
scalable and improved experiences to learner. For more
information, visit https://amesite.com.
Forward Looking Statements
This communication contains forward-looking statements
(including within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and Section 27A of the
Securities Act of 1933, as amended) concerning the Company, the
Company’s planned online machine learning platform, the Company’s
business plans, any future commercialization of the Company’s
online learning solutions, potential customers, business objectives
and other matters. Forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as “may,”
“will,” “should,” “would,” “expect,” “plan,” “believe,” “intend,”
“look forward,” and other similar expressions among others.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties and are
not guarantees of future performance. Actual results could differ
materially from those contained in any forward-looking statement.
Risks facing the Company and its planned platform are set forth in
the Company’s filings with the SEC. Except as required by
applicable law, the Company undertakes no obligation to revise or
update any forward-looking statement, or to make any other
forward-looking statements, whether as a result of new information,
future events or otherwise.
Contacts
Media Contact: Robert Busweiler
Busweiler@sunshinesachs.com 631.379.6454
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