5 Best AI Penny Stocks Under $1

4. Amesite Inc. (NASDAQ:AMST)

Number of Hedge Fund Holders: 3     

Share Price as of December 3: $0.31

Amesite Inc. (NASDAQ:AMST) is an artificial intelligence-driven platform and course designer that provides online products in the United States. On August 30, Amesite noted that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 4,181,821 shares of common stock and warrants to purchase 4,181,821 shares of common stock at a combined purchase price of $0.55. The gross proceeds to Amesite from this offering are expected to be approximately $2.3 million.

At the end of the third quarter of 2022, 3 hedge funds in the database of Insider Monkey held stakes worth $47,000 in Amesite Inc. (NASDAQ:AMST), compared to 1 in the previous quarter worth $27,000.