Amesite Sets December 10 Vote on 1-for-250 Reverse Split and $25M Discounted Offering
AMST is trading near its 52-week low of $0.77 (9.4% above the low) on light trading volume (0.2× avg).
Summary
Amesite's definitive proxy sets a December 10, 2026 shareholder vote on a reverse stock split up to 1-for-250 and authorization for up to $25M in discounted offerings — both critical to Nasdaq compliance and cash runway.
Key Events · Corporate Governance and Compliance · AMST
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Reverse Split Vote Up to 1-for-250
Shareholders will vote December 10, 2026 on a reverse stock split at a ratio between 1-for-2 and 1-for-250, with the board holding discretion to set the exact ratio within one year of approval.
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$25M Discounted Offering Authorization
Proposal 4 seeks approval for non-public offerings up to $25M in aggregate proceeds at discounts of up to 80% to market, subject to Nasdaq Rule 5635(d) — a potential source of significant dilution.
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Nasdaq Compliance Pressure
The reverse split is explicitly aimed at raising the per-share bid price to meet Nasdaq Capital Market listing requirements, with the stock trading at $0.8425 as of today.
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Going-Concern Backdrop
The proxy follows the September 10-K that disclosed a going-concern warning, a $3.1M annual loss, and only $2.4M in cash — roughly one year of runway at current burn rates.
Analysis · AMST · Technology
Amesite's definitive proxy finalizes the shareholder vote on two survival measures: a reverse stock split up to 1-for-250 to regain Nasdaq compliance, and authorization for up to $25M in discounted non-public offerings. With only $2.4M in cash and a going-concern warning from the September 10-K, these approvals are the company's primary path to maintaining its listing and funding operations. The record date of October 13, 2026 locks in 6,549,851 shares outstanding, and the December 10 meeting date gives shareholders roughly eight weeks to weigh in.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.5% of the 1750 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AMST was trading at $0.84 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5M. The 52-week trading range was $0.77 to $3.90. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.