Amesite (AMST) Registration Filing summary

Company overview and business model

• Specializes in B2C and B2B AI-driven solutions, including a higher education platform for professional learning and mobile applications for nursing and personal safety.

• Leverages proprietary AI infrastructure to deliver applications for individual and professional users.

• Incorporated in 2017, reorganized in 2020, and headquartered in Detroit, Michigan.

• Operates as an emerging growth company and a smaller reporting company, utilizing related regulatory exemptions.

Financial performance and metrics

• As of December 10, 2024, public float was approximately $9.122 million, with 2,116,527 shares held by non-affiliates at $4.31 per share.

• 2,792,440 shares of common stock were issued and outstanding as of December 12, 2024.

Use of proceeds and capital allocation

• Net proceeds are intended for general corporate purposes, capital expenditures, working capital, and administrative expenses.

• May also be used to repay debt or invest in/acquire businesses, products, or technologies, with no current commitments.

• Management retains broad discretion over allocation of proceeds.