In a recent transaction, George Parmer, a director at Amesite Inc. (NASDAQ:AMST), purchased a substantial amount of the company's common stock. According to a filing with the Securities and Exchange Commission, Parmer acquired 83,333 shares at a price of $3.00 per share, notably above the current trading price of $2.70. The timing is interesting, as InvestingPro data shows the stock has declined over 41% in the past week. This acquisition, valued at approximately $249,999, was part of a confidentially marketed public offering, as detailed in the final prospectus filed by Amesite with the SEC on January 7, 2025.
Following this transaction, Parmer's total holdings in Amesite increased to 189,166 shares. The purchase reflects a significant investment in the company, which specializes in prepackaged software services.
In other recent news, Amesite Inc. has announced a series of significant developments. The AI technology firm has set the pricing for its public offering of 1,201,667 common shares at $3.00 each, aiming to raise around $3.6 million. The proceeds are intended for general corporate use, including capital expenditures, working capital, and administrative expenses, with Laidlaw & Company and Craft Capital Management LLC managing the transaction.
Amesite also reported board member resignations, with no indication of potential replacements or changes to the board's composition. The company has experienced significant growth in the marketing and sales of its AI-powered NurseMagic™ app, with a surge in social media engagement reaching over 12.7 million accounts.
InvestingPro analysts project substantial revenue growth of over 200% for the current fiscal year for Amesite. The company has welcomed Sarah Berman as Principal Financial (NASDAQ:PFG) and Accounting Officer, following the non-renewal of Sherlyn W. Farrell's contract. Amesite continues to collaborate with the EWIE Group of Companies and Volunteer State Community College, providing AI-enhanced enterprise upskilling and non-degree AI and technical training programs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.