Amesite, which provides an AI-driven platform for developing online learning products, filed on Monday with the SEC to raise up to $16 million in an initial public offering.
The Detroit, MI-based company plans to raise $16 million by offering 3.1 million shares at a price range of $4.50 to $5.50. At the midpoint of the proposed range, Amesite would command a fully diluted market value of $109 million.
Amesite provides customized, high performance, and scalable online products for customers including businesses, universities and colleges, and K-12 schools.
Amesite was founded in 2017 and plans to list on the Nasdaq under the symbol AMST. The company filed confidentially on April 14, 2020. Laidlaw & Company (UK) is the sole bookrunner on the deal.
