- 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.