BYTE Acquisition Corp. (NASDAQ: BYTS), a special purpose
acquisition company ("BYTE"), and Airship AI Holdings, Inc.
("Airship AI"), a robust AI-driven data management platform that
solves complex data challenges for large institutions operating in
dynamic and mission-critical environments with rapidly increasing
volumes of data being ingested from a similarly rapidly growing
number of data sources, today announced that management will attend
the ROTH 12th Annual New York Technology Conference taking place
November 15, 2023 at the Yale Club in New York City.
Sam Gloor, BYTE’s Chief Executive Officer and Chief Financial
Officer, and Paul Allen, Airship AI’s President, are scheduled to
participate in one-on-one investor meetings at the conference.
ROTH 12th Annual New York Technology Conference Date:
November 15, 2023 Location: Yale Club, New York City Format:
In-person one-on-one meetings Conference Website: Click here
For more information on ROTH 12th Annual New York Technology
Conference, please contact your ROTH representative or you may also
email your request to BYTS@mzgroup.us or call Chris Tyson at (949)
491-8235.
On June 27, 2023, Airship AI and BYTE entered into a definitive
business combination agreement. The transaction contemplated by the
business combination agreement has been unanimously approved by the
boards of directors of Airship AI and BYTE and remains subject to
stockholder approval, and other customary closing conditions.
It is currently expected that the proposed business combination
will be consummated in the fourth quarter of 2023, and the combined
company is expected to list on Nasdaq under the ticker symbol
"AISP."
See Amendment No. 1 to the Registration Statement on Form S-4
filed by BYTE with the SEC on October 18, 2023 for additional
information regarding the proposed business combination, including
a copy of the business combination agreement and other relevant
materials. The filing can be viewed on the SEC's website at
www.sec.gov.
About Airship AI Holdings, Inc.
Founded in 2006, Airship AI is a U.S. owned and operated
technology company headquartered in Redmond, Washington. Airship AI
is an AI-driven video, sensor and data management surveillance
platform that improves public safety and operational efficiency for
public sector and commercial customers by providing predictive
analysis of events before they occur and meaningful intelligence to
decision makers. Airship AI’s product suite includes Outpost AI
edge hardware and software offerings, Acropolis enterprise
management software stack, and Command family of visualization
tools.
For more information, visit https://airship.ai.
About BYTE Acquisition Corp.
BYTE is a technology-focused blank check company whose business
purpose is to effect a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization, or similar business
combination with one or more businesses or entities.
Additional Information and Where to Find It
This press release is provided for information purposes only and
contains information with respect to a proposed business
combination (the “Proposed Business Combination”) among Airship AI,
BYTE and BYTE Merger Sub, Inc., a wholly-owned subsidiary of BYTE,
in connection with the transactions contemplated in the business
combination agreement. In connection with the Proposed Business
Combination, BYTE has filed with the SEC a Registration Statement
on Form S-4, which includes a proxy statement to be sent to BYTE
shareholders and a prospectus for the registration of BYTE
securities in connection with the Proposed Business Combination (as
amended from time to time, the “Registration Statement”). A full
description of the terms of the Proposed Business Combination is
provided in the Registration Statement. BYTE urges investors,
shareholders and other interested persons to read the Registration
Statement as well as other documents filed with the SEC because
these documents contain important information about BYTE, Airship
AI and the Proposed Business Combination. If and when the
Registration Statement is declared effective by the SEC, the
definitive proxy statement/prospectus and other relevant documents
will be mailed to shareholders of BYTE as of a record date to be
established for voting on the Proposed Business Combination.
Shareholders and other interested persons will also be able to
obtain a copy of the Registration Statement, without charge, by
directing a request to: BYTE Acquisition Corp., 445 Park Avenue,
9th Floor, New York, NY 10022. The preliminary and definitive proxy
statement/prospectus, once available, can also be obtained, without
charge, at the SEC’s website (www.sec.gov). The information
contained on, or that may be accessed through, the websites
referenced in this press release is not incorporated by reference
into, and is not a part of, this press release.
No Offer or Solicitation
This press release shall not constitute an offer to sell, or a
solicitation of an offer to buy, or a recommendation to purchase,
any securities in any jurisdiction, or the solicitation of any
vote, consent or approval in any jurisdiction in respect of the
Proposed Business Combination, nor shall there be any sale,
issuance or transfer of any securities in any jurisdiction where,
or to any person to whom, such offer, solicitation or sale may be
unlawful under the laws of such jurisdiction. This press release
does not constitute either advice or a recommendation regarding any
securities. No offering of securities shall be made except by means
of a prospectus meeting the requirements of the Securities Act of
1933, as amended, or an exemption therefrom.
Participants in the Solicitation
BYTE and Airship AI and their respective directors and executive
officers may be considered participants in the solicitation of
proxies with respect to the Proposed Business Combination described
herein under the rules of the SEC. Information about the directors
and executive officers of BYTE and a description of their interests
in BYTE and the Proposed Business Combination are set forth in
BYTE’s Annual Report on Form 10-K for the year ended December 31,
2022, which was filed with the SEC on March 31, 2023, and in the
Registration Statement and the other documents that BYTE has filed,
or will file, with the SEC relating to the Proposed Business
Combination, and which can be obtained free of charge from the
sources indicated above. Information regarding the persons who may,
under SEC rules, be deemed participants in the solicitation of
proxies to BYTE’s shareholders in connection with the Proposed
Business Combination will be set forth in the proxy
statement/prospectus for the Proposed Business Combination, when
available. Additional information regarding the interests of
participants in the solicitation of proxies in connection with the
Proposed Business Combination will be included in the proxy
statement/prospectus that BYTE intends to file with the SEC. You
may obtain free copies of these documents as described above.
Forward-Looking Statements
The disclosure herein includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “project,” “forecast,”
“predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, but the
absence of these words does not mean that a statement is not
forward looking. These forward-looking statements include, but are
not limited to, (1) statements regarding estimates and forecasts of
other financial, performance and operational metrics and
projections of market opportunity; (2) references with respect to
the anticipated benefits of the Proposed Business Combination and
the projected future financial performance of Airship AI following
the Proposed Business Combination; (3) changes in the market for
Airship AI’s services and technology, expansion plans and
opportunities; (4) Airship AI’s unit economics; (5) the sources and
uses of cash in connection with the Proposed Business Combination;
(6) the anticipated capitalization and enterprise value of the
combined company following the consummation of the Proposed
Business Combination; (7) the projected technological developments
of Airship AI; (8) current and future potential commercial and
customer relationships; (9) the ability to operate efficiently at
scale; (10) anticipated investments in capital resources and
research and development, and the effect of these investments; (11)
the amount of redemption requests made by BYTE’s public
shareholders; (12) the ability of the combined company to issue
equity or equity-linked securities in the future; (13) the failure
to achieve the minimum cash at closing requirements; (14) the
inability to obtain or maintain the listing of the combined
company’s common stock on Nasdaq following the Proposed Business
Combination, including but not limited to redemptions exceeding
anticipated levels or the failure to meet Nasdaq's initial listing
standards in connection with the consummation of the Proposed
Business Combination; and (15) expectations related to the terms
and timing of the Proposed Business Combination. These statements
are based on various assumptions, whether or not identified in this
press release, and on the current expectations of BYTE’s and
Airship AI’s management and are not predictions of actual
performance. These forward-looking statements are provided for
illustrative purposes only and are not intended to serve as, and
must not be relied on by any investor as, a guarantee, an
assurance, a prediction or a definitive statement of fact or
probability. Actual events and circumstances are difficult or
impossible to predict and will differ from assumptions. Many actual
events and circumstances are beyond the control of BYTE and Airship
AI. These forward-looking statements are subject to a number of
risks and uncertainties, as set forth in the section entitled “Risk
Factors” and “Cautionary Note Regarding Forward-Looking Statements”
in BYTE’s Annual Report on Form 10-K for the year ended December
31, 2022, which was filed with the SEC on March 31, 2023 and in
BYTE’s IPO prospectus, filed with the SEC on March 19, 2021, and in
the Registration Statement and the other documents that BYTE has
filed, or will file, with the SEC relating to the Proposed Business
Combination. If any of these risks materialize or our assumptions
prove incorrect, actual results could differ materially from the
results implied by these forward-looking statements. The risks and
uncertainties above are not exhaustive, and there may be additional
risks that neither BYTE nor Airship AI presently know or that BYTE
and Airship AI currently believe are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward looking statements
reflect BYTE’s and Airship AI’s expectations, plans or forecasts of
future events and views as of the date of this press release. BYTE
and Airship AI anticipate that subsequent events and developments
will cause BYTE’s and Airship AI’s assessments to change. However,
while BYTE and Airship AI may elect to update these forward-looking
statements at some point in the future, BYTE and Airship AI
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing BYTE’s and Airship AI’s assessments as of any date
subsequent to the date of this press release. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231101799472/en/
Sam Gloor CEO & CFO BYTE Acquisition Corp.
sam.gloor@bytespac.com +1 (917) 969-9250
Airship AI Investor Contact: Chris Tyson/Larry Holub MZ
North America 949-491-8235 AISP@mzgroup.us
BYTE Acquisition (NASDAQ:BYTS)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
BYTE Acquisition (NASDAQ:BYTS)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
