Airship AI Announces Pricing of $8.0 Million Public Offering Priced at Market Rate Under Nasdaq Rules Page 1

REDMOND, Wash., Aug. 29, 2024 (GLOBE NEWSWIRE) — Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor and data management surveillance solutions, today announced the pricing of a public offering at market price under Nasdaq rules of 2,882,883 shares of its common stock and warrants to purchase up to an aggregate of 2,882,883 shares of its common stock at a combined public offering price of $2.775 per share and associated common warrant. Each share of common stock is being sold together with one warrant to purchase one share of common stock. The warrants have an exercise price of $2.65 per share, are exercisable immediately upon issuance and expire five years from the date of issuance. The closing of the offering is expected to occur on or about September 3, 2024, subject to the satisfaction of customary closing conditions.

Roth Capital Partners and The Benchmark Company, LLC are acting as co-placement agents for the offering.