Amesite (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform that delivers 99% learner retention for business and education markets, has received notice that it has regained compliance with NASDAQ’s minimum bid price requirement of $1.00 per share. The notice also stated that the company meets the stockholders’ equity requirement and all other applicable NASDAQ criteria for continued listing. The announcement noted that almost a year ago, on March 8, 2022, the company’s common stock failed to meet the minimum $1 bid price, and therefore AMST was no longer in compliance with the exchange’s rules. The minimum requirement rule notes that complying companies maintain a minimum closing bid price of $1 or higher for at least 10 consecutive trading days. The company received noticed that, as of March 7, 2023, it had met this requirement. “We are pleased to regain compliance with the NASDAQ listing requirements and continue to focus on generating greater revenue through larger deals, as we drive to profitability,” said Amesite CEO Dr. Ann Marie Sastry in the press release. “Leveraging generative AI is enabling us to simultaneously grow our platform capabilities, and drive scale and efficiency for our customer base.”
To view the full press release, visit https://ibn.fm/FG6d4
About Amesite Inc.
Amesite delivers its scalable, customizable, white-labeled online learning platform to universities, businesses, museums and government agencies, enabling them to deliver outstanding digital learning. Amesite provides a single system that combines eCommerce, instruction, engagement, analytics and administration using best-in-class infrastructure to serve multibillion-dollar online learning markets. For more information about the company, please visit www.Amesite.io.
NOTE TO INVESTORS: The latest news and updates relating to AMST are available in the company’s newsroom at https://ibn.fm/AMST
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