Bite Acquisition Corp. extends business combination deadline to Aug 2024; shareholders redeem ~$5.55M

the Company filed a certificate of amendment to its amended and restated certificate of incorporation (the “ Charter ”) with the Delaware Secretary of State on February 13, 2024 (the “ Charter Amendment ”), to extend the date by which the Company has to consummate a business combination from February 17, 2024 (the “ Termination Date ”) to up to August 17, 2024

The stockholders approved the proposal to amend the Company’s Charter to extend the date by which Bite has to consummate a business combination from Termination Date to up to August 17, 2024, by electing to extend the date to consummate an initial business combination on a monthly basis for up to six times by an additional one month each time after the Termination Date until August 17, 2024, or a total of up to six months after the Termination Date, or such earlier date as may be determined by the Board, provided that the Sponsor (or its affiliates or permitted designees) will deposit into the Trust Account an amount determined by multiplying $0.025 by the number of public shares then outstanding for each such one-month extension unless the closing of the Company’s initial business combination shall have occurred in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination.