03:38 PM EST, 01/07/2025 (MT Newswires) -- Amesite's ( AMST ) shares slumped 33% in recent Tuesday trading after the company priced a "best efforts" underwritten public offering of 1.2 million common shares at $3 apiece to raise $3.6 million.

Certain officers and directors are participating in the offering with subscriptions of around $1.26 million, the company said Tuesday in a statement. The offering is expected to close Wednesday.

Amesite ( AMST ) plans to use net proceeds for general corporate purposes, capital expenditures, working capital, and general and administrative expenses.

Price: 2.71, Change: -1.34, Percent Change: -33.09