SCHEDULE: Highbridge Capital Discloses 7.9% Stake in Airship AI

Highbridge Capital Management, LLC has reported a 7.9% beneficial ownership stake in Airship AI Holdings, Inc., primarily through warrants.

Summary

• Highbridge Capital Management, LLC, an investment adviser, has filed a Schedule 13G disclosing beneficial ownership of 2,723,175 shares of Common Stock in Airship AI Holdings, Inc.
• This ownership represents 7.9% of Airship AI Holdings, Inc.'s Common Stock outstanding.
• The shares are issuable upon the exercise of warrants directly held by Highbridge Funds.
• The percentage is calculated based on 31,844,471 shares of Common Stock outstanding as of May 15, 2025, as reported in Airship AI's Quarterly Report on Form 10-Q.
• Highbridge Capital Management, LLC holds sole voting power and sole dispositive power over all 2,723,175 shares.
• Highbridge Tactical Credit Master Fund, L.P., a Highbridge Fund, has the right to receive or direct the receipt of dividends or proceeds from the sale of more than 5% of the Common Stock.

Sentiment

Score: 7

Explanation: The disclosure of a significant beneficial ownership stake by a reputable investment firm like Highbridge Capital Management, LLC, suggests institutional confidence in Airship AI Holdings, Inc.

Positives

• A significant beneficial ownership stake by a reputable institutional investor like Highbridge Capital Management, LLC may signal confidence in Airship AI Holdings, Inc.'s future prospects.
• The investment firm's position could attract further institutional interest and potentially improve liquidity for the stock.

Risks

• No specific company risks are detailed in this beneficial ownership filing, as its primary purpose is to disclose ownership rather than operational risks.

Future Outlook

This filing, a beneficial ownership report, does not provide forward-looking statements or guidance from the Issuer.

Management Comments

• Highbridge Capital Management, LLC certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

The disclosure of a significant stake by an investment adviser like Highbridge Capital Management in Airship AI Holdings, Inc., a company likely operating in the AI and surveillance technology sector, indicates growing institutional interest in companies leveraging advanced technologies for security and data analysis.

Stakeholder Impact

• Shareholders may view the significant institutional investment as a positive signal, potentially increasing investor confidence and liquidity.

Key Dates

Recommendation

The filing indicates a significant beneficial ownership stake by Highbridge Capital Management, LLC, a notable institutional investor. While this signals confidence and potential future liquidity, a Schedule 13G alone does not provide sufficient operational or financial performance data to warrant a 'buy' or 'sell' recommendation. It primarily serves as a disclosure of a substantial holding, suggesting a 'hold' for existing investors who may see this as a positive validation.

Keywords

Airship AI Holdings, Highbridge Capital Management, Beneficial Ownership, Schedule 13G, Common Stock, Warrants, Institutional Investor, AI, Surveillance