BYTE Acquisition Corp.
BYTS
NASDAQ Capital Market6.49
USD
-3.97
- -
CIK
0001842566
ISIN
KYG1R25Q1059
CUSIP
G1R25Q105
Return %
Stock
S&P500
1Y
-35.93
18.21
3Y
-33.78
64.38
5Y
-33.78
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Samuel Gloor
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 445 Park Avenue New York City NY United States of America 10022
- IPO Date
- May 10, 2021
- CIK
- 0001842566
- Website
- bytespac.com
- Similar Companies
- Business
- BYTE Acquisition Corp. (NASDAQ: BYTS) operates as a blank check company whose primary business centers on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses, with a targeted focus on high-growth Israeli technology firms in sectors including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics that feature differentiated technology platforms and products. Incorporated in 2021 and headquartered in New York, the company has no current operations or revenues and maintains a management team with deep ties to Israel's innovation ecosystem, leveraging extensive local networks to identify and add value to targets post-combination. In a pivotal development, BYTE Acquisition Corp. completed a business combination with Airship AI Holdings, Inc. on December 20, 2023, following shareholder approval on December 19, 2023, with the combined entity commencing trading on Nasdaq under the ticker AISP on December 22, 2023, thereby transitioning from a special purpose acquisition company to a provider of AI-driven video, sensor, and data management surveillance platforms serving government agencies and enterprises. Prior to closing, the merger process involved a definitive agreement approved by BYTE's board on June 26, 2023, a non-binding letter of intent announced on March 10, 2023 valuing Airship AI at a $290 million pro forma enterprise value, sponsor commitments for $4 million in pre-transaction bridge financing and non-redemption agreements supporting a minimum $7 million cash condition, and multiple adjournments of extraordinary general meetings in December 2023 to facilitate redemptions and approvals. The transaction strategically positions the post-merger entity in the edge AI software and hardware market, building on BYTE's original intent to pursue Israeli tech opportunities while integrating Airship AI's offerings such as Outpost AI edge hardware/software, Acropolis enterprise management software, and Command visualization tools for predictive event analysis and intelligence.