Amesite Inc Stock Price, News & Analysis

Amesite has announced a securities purchase agreement with institutional investors to sell 4,181,821 shares of common stock and corresponding warrants at a price of $0.55 each, generating approximately $2.3 million in gross proceeds. The warrants, exercisable after six months, have an exercise price of $0.82 and will expire in 5.5 years. This offering is expected to close on or about September 1, 2022, subject to standard conditions. A prospectus supplement will provide further details and is available from Laidlaw & Company.

Amesite, Inc. (NASDAQ: AMST) announced a securities purchase agreement with institutional investors for the sale of 4,181,821 shares of common stock and warrants at a combined price of $0.55, expecting gross proceeds of approximately $2.3 million. The warrants, exercisable in six months at $0.82 per share, will expire in five years. This offering is scheduled to close on or about September 1, 2022. The transaction complies with an effective shelf registration statement filed with the SEC. Laidlaw & Company (UK) Ltd. is the sole placement agent involved in the offering.

Amesite (NASDAQ: AMST) has partnered with the National Association for Equal Opportunity in Higher Education (NAFEO) to launch an Enterprise Learning Community Environment (LCE^SM) aimed at Historically Black Colleges and Universities (HBCUs). This initiative will offer a complete system for learner enrollment, program delivery, and certificate issuance, enhancing learning opportunities. With NAFEO supporting over 700,000 students and a significant economic impact of $15 billion from HBCUs, this collaboration aims to address skill gaps and expand access to education for professional learners.

Amesite Inc. (NASDAQ: AMST) CEO, Dr. Ann Marie Sastry, discussed the rising costs of education and the importance of affordable online learning during her interview on Newsy Tonight, aired on August 25, 2022. The interview highlighted the Biden Administration’s student loan forgiveness program and how Amesite's platform can reduce education costs while promoting skill development. Amesite offers a customizable online learning platform for various sectors, aiming to enhance accessibility and retention in education. For more details, visit www.amesite.io.

Amesite Inc. (NASDAQ: AMST) is set to launch the Conner Prairie Learning Portal on August 29, 2022, offering eLearning solutions focused on storytelling. The platform will feature K-12 programs delivered through an interactive Learning Community Environment (LCE). New enhancements include a 3D virtual tour and an eCommerce solution for subscription-based access to digital content. This initiative aims to expand Conner Prairie's educational outreach and revenue potential, leveraging Amesite's AI-driven technology to transform museum experiences.

Amesite Inc. (NASDAQ: AMST) has partnered with Central Michigan University (CMU) to create a comprehensive Enterprise Learning Community Environment (LCE) aimed at enhancing online learning and upskilling. The LCE will streamline processes from marketing outreach to enrollment and certificate issuance, enabling CMU to better address employee skill gaps and meet alumni needs. The global higher education market is projected to grow significantly, reaching $169.72 billion by 2028. Amesite's technology is expected to facilitate this transition effectively, supporting both the university and its learners.

Amesite Inc. (NASDAQ: AMST) has expanded its partnership with Wayne State University (WSU) to integrate its V5 eCommerce solution. This partnership enhances the online learning experience by enabling streamlined registration and payment processes directly through WSU's Warrior Tech Source website. The initiative aims to engage the university's network of 30,000 alumni across 48 countries. Key university officials expressed satisfaction with the advancements made through Amesite's technology, emphasizing the need for scalable digital learning solutions.

Amesite Inc. (NASDAQ: AMST) announced the launch of Version 5.0 of its AI-driven online learning platform, expanding its capabilities to cater to over 65,000 medium and large U.S. companies. The updated platform offers features such as ecommerce solutions, best-in-class security, and streamlined deployment, allowing enterprises to efficiently onboard and upskill employees. The workplace training industry in the U.S. was valued at approximately $165 billion in 2020, with global eLearning revenue projected to reach $1 trillion by 2028. This expansion aims to meet the increasing demand for efficient upskilling solutions.

Amesite Corp. (Nasdaq: AMST) provides an update detailing their commitment to expanding online learning amid economic challenges. CEO Dr. Ann Marie Sastry emphasizes the importance of adapting education through partnerships with institutions like CUNY, Conner Prairie, and Wayne State University. Recent successes include a 29% year-to-date revenue growth and a significant reduction in cash burn to $1.35 million, the lowest since their IPO. The company aims to secure additional clients and enhance shareholder value, underscoring their innovative SaaS platform's role in the future of online education.