Amesite Announces Proposed Public Offering of Common Stock

Rhea-AI Summary

Amesite (Nasdaq: AMST) announced plans for a "best efforts" underwritten public offering of its common stock. The offering's size and terms remain uncertain, contingent on market conditions. Proceeds will be allocated for general corporate purposes and working capital. Laidlaw & Company (UK) Ltd. is the sole book-running manager for this offering. The company had previously filed a shelf registration statement with the SEC, which was declared effective on November 1, 2021.

Positive

• Intended use of proceeds for general corporate purposes and growth.

Negative

• Uncertainty around the offering terms and market conditions may lead to share dilution.

DETROIT, Feb. 11, 2022 /PRNewswire/ -- Amesite Inc. (Nasdaq: AMST), a leading artificial intelligence software company offering a cloud-based learning platform and content creation services for business, university, nonprofit, and government agency learning and upskilling, today announced that  it intends to offer shares of its common stock in a "best efforts" underwritten public offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Laidlaw & Company (UK) Ltd. is acting as sole book-running manager for the offering.

The Company intends to use the net proceeds from the offering for general corporate purposes, capital expenditures, working capital and general and administrative expenses.

A shelf registration statement on Form S-3 (Registration No. 333-260666) relating to the public offering of the shares of common stock described above was previously filed with the Securities and Exchange Commission (SEC) and declared effective on November 1, 2021. A preliminary prospectus supplement and accompanying prospectus relating to the underwritten public offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Copies of the preliminary prospectus supplement (when available) and accompanying prospectus relating to the offering may be obtained from Laidlaw & Company (UK) Ltd., 521 Fifth Ave., 12^th Floor, New York, NY 10175, Attention: Syndicate Dept.; email: syndicate@laidlawltd.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other 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 other jurisdiction. Any offer, if at all, will be made only by means of the prospectus supplement and accompanying prospectus forming a part of the effective registration statement.

About Amesite Inc.

Amesite delivers the world's most effective online learning systems for employees, students, and job seekers. Artificial intelligence drives the platform: Amesite delivers clean, accessible interfaces, best-in-class technology, and unparalleled scalability and integration capabilities. Our partners give us the best reviews in the industry, with customer-branded learning community environments that integrate with your existing tools – and deliver outstanding results. The future of learning is here: Amesite delivers systems for businesses, universities, non-profits, and government agencies, branded to you, in as little as 24h. 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.

Investor Relations Contact:
CORE IR
info@amesite.com  
516-222-2560

Media Contact: 
Jules Abraham
Julesa@COREIR.com  

View original content:https://www.prnewswire.com/news-releases/amesite-announces-proposed-public-offering-of-common-stock-301481007.html

SOURCE Amesite

FAQ

What is the purpose of Amesite's public offering of common stock?

Amesite intends to use the net proceeds for general corporate purposes, capital expenditures, and working capital.

When was the shelf registration statement for Amesite's offering filed?

The shelf registration statement was filed with the SEC and declared effective on November 1, 2021.

Who is managing Amesite's public offering?

Laidlaw & Company (UK) Ltd. is acting as the sole book-running manager for the offering.

What are the potential risks associated with Amesite's stock offering?

The offering's uncertainty regarding its size and terms may lead to potential dilution of existing shares for investors.

What company is conducting the public stock offering?

Amesite Inc. is conducting the proposed public offering of common stock.