Figma Shares Indicated To Open $105/$110
Ann Marie Sastry, Chief Executive Officer of Amesite Inc. (NASDAQ:AMST), has acquired 333,333 shares of the company's common stock in a recent transaction valued at approximately $999,999. The shares were purchased at a price of $3.00 each, as part of a confidentially marketed public offering. The purchase comes as the stock has experienced a significant 41% decline over the past week, according to InvestingPro data. Following this transaction, Sastry holds a total of 875,431 shares, according to the filing with the Securities and Exchange Commission. The purchase was executed through the Ann Marie Sastry Declaration of Trust. This insider purchase represents a significant commitment to the micro-cap company, currently valued at $7.62 million. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with additional metrics and insights available to subscribers.
In other recent news, Amesite Inc. has announced a public offering of 1,201,667 common shares at $3.00 each, with the intention of raising approximately $3.6 million. The offering, managed by Laidlaw & Company and Craft Capital Management LLC, is part of Amesite's strategy to strengthen its financial position for ongoing and future projects. Analysts at InvestingPro project a revenue growth of over 200% for Amesite in fiscal year 2025.
In parallel, the company is experiencing substantial growth in the marketing and sales of its AI-powered NurseMagic™ app. The app's success is attributed to a surge in social media engagement, reaching more than 12.7 million accounts. This surge aligns with predictions from InvestingPro of significant revenue growth for Amesite.
Amesite recently welcomed Sarah Berman as Principal Financial (NASDAQ:PFG) and Accounting Officer, following the non-renewal of Sherlyn W. Farrell's contract. Berman's appointment coincides with the company's recent financial statements as part of its 8-K filing.
Amesite has also announced board member resignations, with no indication of potential replacements or changes to the board's composition. The company continues its collaborative efforts with the EWIE Group of Companies and Volunteer State Community College, offering AI-enhanced enterprise upskilling and non-degree AI and technical training programs respectively. These are some of the recent developments for Amesite.
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