Airship AI Holdings (AISP) filed a registration statement Friday for the potential sale of up to roughly 2.2 million common shares underlying warrants by certain shareholders from time to time.

All shares and warrants were originally issued to certain selling shareholders as part of a private placement that closed on Dec. 24, the company said.

The company will not receive proceeds from the sale of the common shares by these shareholders. However, it may receive roughly $9.7 million in gross cash proceeds if the warrants are fully exercised, according to the company.

Such proceeds will be used for working capital and general corporate purposes, it added.