Amesite (AMST) IPO Opens Flat

Today's IPO for Amesite Inc. (NASDAQ: AMST) opened for trading at $4.95 after the pricing of its initial public offering of 3,000,000 shares of common stock at an offering price of $5.00 per share.

In addition, Amesite has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of common stock at the public offering price per share, less the underwriting discounts and commissions, to cover over-allotments, if any.

Laidlaw & Company (UK) Ltd. acted as the sole book-running manager for the offering. The Benchmark Company, LLC acted as the co-manager for the offering.

Amesite is a high tech artificial intelligence software company offering a cloud-based platform for college, university and business learning products to be cost-effectively and conveniently delivered to learners online and in hybrid online/on campus formats. Amesite uses artificial intelligence technologies to provide customized environments for learners, easier-to-manage interfaces for instructors, and greater accessibility for learners in the US education market and beyond. The Company leverages existing institutional infrastructures, adding mass customization and cutting-edge technology to provide cost-effective, accessible, scalable and improved experiences to learner.

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