BofA update shows where active managers are putting money
In a recent transaction filed with the Securities and Exchange Commission, Gilbert S. Omenn, a director at Amesite Inc. (NASDAQ:AMST), acquired a significant number of shares in the company. Omenn purchased 3,333 shares of Amesite's common stock at a price of $3.00 per share, amounting to a total investment of $9,999. The purchase comes as the stock has experienced a significant 41% decline over the past week, with shares currently trading at $2.70. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value. This purchase was made through a confidentially marketed public offering, as detailed in the final prospectus filed by Amesite with the SEC on January 7, 2025.
Following this transaction, Omenn holds a total of 9,805 shares indirectly through the Gilbert S. Omenn Revocable Trust. This acquisition reflects Omenn's continued interest in the company, which specializes in prepackaged software services. Amesite is based in Ann Arbor, Michigan, and operates under the ticker symbol AMST on the NASDAQ exchange.
In other recent news, Amesite Inc. has announced a public offering of 1,201,667 common shares at $3.00 each, aiming to raise around $3.6 million. The funds are earmarked for general corporate use, with Laidlaw & Company and Craft Capital Management acting as joint book-running managers. Analysts at InvestingPro forecast a revenue growth of over 200% for fiscal year 2025 for Amesite.
The company has also seen changes to its board, with recent resignations announced but no information about potential replacements. Furthermore, Amesite's AI-powered NurseMagic™ app has seen significant growth in marketing and sales, reaching over 12.7 million accounts on social media.
Amesite recently welcomed Sarah Berman as Principal Financial (NASDAQ:PFG) and Accounting Officer, following the non-renewal of Sherlyn W. Farrell's contract. In partnership with the EWIE Group of Companies and Volunteer State Community College, Amesite continues to offer AI-enhanced enterprise upskilling and non-degree AI and technical training programs. The company also plans to expand into the B2C AI app market with future apps, such as a Public Safety app focusing on active shooter response training. These are recent developments in the company's ongoing growth and expansion.
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