Amesite Inc. (NASDAQ: AMST) Announces 1-for-12 Reverse Stock Split Effective Pre-Market Opening on February 22, 2023
22 February 2023 - 9:00AM
Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence
software company offering a cloud-based learning platform that
delivers 99% learner retention for business and education
markets, announced today that it will effect a 1-for-12
reverse split of its common stock effective as of the open of
business on February 22, 2023. Commencing with the opening of
trading on the Nasdaq Capital Market on February 22, 2023, the
Company’s common stock will trade on a post-split basis under the
same symbol AMST. The reverse stock split was approved by the
Company’s stockholders at the special meeting held on February 15,
2023, with the final ratio determined by the Company’s board of
directors.
As a result of the reverse stock split, the CUSIP number for the
Company’s common stock will now be 031094204. As a result of the
reverse stock split, every 12 shares of issued and outstanding
common stock will be exchanged for 1 share of common stock, with
any fractional shares being rounded up to the next higher whole
share. Immediately after the reverse stock split becomes effective,
the Company will have approximately 2,533,359 shares of common
stock issued and outstanding.
The reverse stock split is primarily intended to bring the
Company into compliance with Nasdaq’s minimum bid price
requirement.
Additional information concerning the reverse stock split can be
found in Amesite’s definitive proxy statement filed with
the Securities and Exchange Commission on January
23, 2023.
About Amesite Inc.
Amesite delivers its scalable, customizable, white-labeled
online learning platform to universities, businesses, museums, and
government agencies, enabling them to deliver outstanding digital
learning. Amesite provides a single system that combines eCommerce,
instruction, engagement, analytics, and administration using
best-in-class infrastructure to serve multi-billion-dollar online
learning markets. For more information,
visit www.amesite.io.
Forward-Looking StatementsThis 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:
Christine Petraglia
TraDigital IR
(917) 633-8980
christine@tradigitalir.com
Amesite (NASDAQ:AMST)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amesite (NASDAQ:AMST)
Historical Stock Chart
From Apr 2023 to Apr 2024