AMESITE INC. ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
September 29 2020 - 2:20PM
Amesite Inc. (the “Company”), an artificial intelligence software
company providing online educational programs for K-12, college,
university and business education and upskilling, announced
today the closing of its previously announced $15.0 million
initial public offering of 3,000,000 shares of common
stock. The underwriters continue to hold a 45-day option
to purchase up to an additional 450,000 shares of common stock, to
cover over-allotments, if any.
Each share was sold at a price of
$5.00. The Company’s common stock began trading on the Nasdaq
Capital Market under the ticker symbol “AMST” on September 25,
2020.
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. Sheppard, Mullin, Richter &
Hampton LLP acted as counsel to the Company and Sichenzia Ross
Ference LLP acted as counsel to the underwriters in the
offering.
A registration statement relating to the
offering of these securities was declared effective by the
Securities and Exchange Commission (the “SEC”) on September 24,
2020. Copies of the registration statement can be accessed by
visiting the SEC’s website at www.sec.gov. The offering was
made only by means of a prospectus. A copy of the final prospectus
relating to the offering may be obtained by visiting the SEC’s
website or from: Laidlaw & Company (UK) Ltd., 521 Fifth Ave.,
12th Floor, New York, NY 10175, telephone: (212) 953-4917 or email:
syndicate@laidlawltd.com.
This press release does not constitute an offer
to sell, or the solicitation of an offer to buy, securities of the
Company, and no offer or sale of the Company’s securities shall be
made in any state or jurisdiction in which such 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 and content
creation services for K-12, college, university and business
education and upskilling. Amesite-offered courses and programs are
branded to our customers. Amesite uses artificial
intelligence technologies to provide customized environments for
learners, easy-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, scalable and engaging
experiences for learners anywhere. 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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