By Chris Wack
Amesite shares were down 29% to $2.88 after the company priced a public offering at $3 a share, offering 1.2 million shares for about $3.6 million.
The AI-driven technology company said Tuesday that certain of its officers and directors are investing $1.26 million in the offering.
The offering is set to close Wednesday, pending standard conditions.
The funds will support general corporate purposes, capital expenditures, working capital and administrative costs.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 07, 2025 11:21 ET (16:21 GMT)
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