Bite Acquisition Corp.

Bite Acquisition Corp.

BITE
Bite Acquisition Corp.US flagNew York Stock Exchange
12.50
USD
+3.80
- -
99.99MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
-0.18
0.18
- -
-0.04
Free Cash Flow per Basic Share
- -
-0.22
-0.17
- -
-0.25
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
- -
44.42
4.51
- -
3.03
Tangible Book Value per Share
- -
45.62
5.16
- -
3.21
Basic Weighted Avg Shares
- -
4
6
- -
7
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
Net Income, GAAP
- -
-1
1
-1
- -
Effective Tax Rate (%)
- -
- -
32.51
- -
180.99
Profit Margin (%)
- -
- -
- -
- -
- -
Working Capital
- -
- -
-1
-4
-4
LT Debt
- -
- -
- -
- -
- -
Total Equity
- -
200
29
27
21
Return on Invested Capital (%)
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
0.9
-3.9
-1.17

Capital Structure

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
8
Market Capitalization
69
70
71

Working Capital

FRC

in mil. unless spec.
Sep'23
Dec'23
Mar'24
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
- -
- -
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
3
4
4
Payables & Accruals
3
3
3
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-7.77%
Free Cash Flow
- -
- -
36.94%
Net Income, GAAP
- -
- -
-199.61%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
-0.04
0.01
0.02
- -
0.18
2023
-0.13
-0.1
0.01
- -
- -
2024
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Jeff Alberto Ardura Gonzalez
Full Time Employees
2
Sector
Financial Services
Industry
Shell Companies
Address
30 West Street New York City NY United States of America 10004
IPO Date
Apr 8, 2021
Business
Bite Acquisition Corp. is a special purpose acquisition company (SPAC) formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more target businesses, primarily focusing on the traditional and non-traditional restaurant sectors in North America. Incorporated in 2020 and headquartered in New York, New York, the company leverages a management team with extensive experience in the restaurant industry, including quick service, fast casual, polished casual dining, and fine dining categories. Bite Acquisition Corp. does not independently generate revenues but aims to identify and combine with a target business in its focus sectors. The company completed a significant business combination in June 2024, merging with Above Food Inc., a vertically integrated food enterprise that provides unique plant-based ingredients and consumer products. Above Food operates a complex supply chain with ownership and management of production facilities, serving over 260 customers and distributing to approximately 35,000 retail locations globally. This merger marked a strategic expansion for Bite Acquisition Corp., transitioning it from a blank check company to an operating entity focused on sustainable and innovative plant-based food solutions. The merger enabled Above Food to become publicly traded on Nasdaq under ticker symbols “ABVE” and “ABVE.W.” Above Food's vertically integrated model includes sourcing, traceability systems, and regenerative supply chain operations, targeting a market opportunity exceeding $200 billion in plant-based substitute products and related markets. The company emphasizes product quality and integrity, verified by certifications such as BRC, Organic, GFSI, USDA Kosher, and Non-GMO verification. The merger supports Above Food's growth strategy with enhanced operational efficiency, production capacity doubling, and expansion into high-margin markets driven by consumer trends in health, sustainability, and supply chain transparency. Recent operational changes include Above Food's continued strategic growth initiatives post-merger, leveraging Bite Acquisition Corp.'s experienced management team and financial structuring capabilities to scale the business. The company is positioned to capitalize on secular trends in food innovation, supply chain risk management, and consumer demand for plant-based alternatives with a focus on North American and international markets. Bite Acquisition Corp., through its transformation via the merger with Above Food, currently operates in the financial services and food sectors, combining SPAC expertise with a leading food technology company to deliver value for shareholders and stakeholders in the evolving food industry landscape.

Company News

APIChat
  • Above Food and Bite Acquisition Corp. Announce Completion of Business Combination

  • TAKE A BITE OUT OF SUMMER AT DENNY'S WITH THREE NEW DELICIOUS SANDWICHES

  • Above Food Presenting at Centurion One Capital's 5th Los Angeles Summit

  • Above Food Corp. to Present at the LD Micro Invitational XIV

  • Bite Acquisition Corp. Receives Commencement of Delisting Notice from the NYSE

  • Above Food Corp., a Vertically Integrated Specialty Ingredients and Food Company, to List on NYSE Through Business Combination with Bite Acquisition Corp.

  • Bite Acquisition Corp. Announces Receipt of NYSE Continued Listing Standard Notice Stemming from SEC Guidance Concerning Accounting Treatment of Warrants

  • Bite Acquisition Corp. Announces Exercise of Underwriters’ Over-allotment Option in Connection With Its Initial Public Offering