---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-018998"
form_type: "8-K"
ticker: "AISP"
cik: "0001842566"
company_name: "Airship AI Holdings, Inc."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:49:47.922207+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BYTE Acquisition Corp. signs LOI for business combination with Airship AI at $290M EV

## Summary
- Non-binding LOI for SPAC merger; pro forma enterprise value of $290M (assuming 98% public redemptions).
- Airship AI shareholders roll 100% of equity; earnout milestones: $12.50/$15.00 share price or $30M/$100M revenue targets.
- Airship AI expects ~$14.5M revenue (2022E), ~57.9% gross margin, positive EBITDA; $162M pipeline.
- BYTE seeks shareholder approval to extend deadline from March 23 to September 25, 2023; non-redemption agreements signed.
- Airship AI serves DHS, DOJ, FedEx, Home Depot; $4M pre-transaction bridge secured; PIPE expected.

## SEC filing metadata
- accession: 0001213900-23-018998
- form_type: 8-K
- ticker: AISP
- cik: 0001842566
- company_name: Airship AI Holdings, Inc.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1842566/000121390023018998/0001213900-23-018998-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1842566/000121390023018998/ea175000-8k425_byteacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-018998
- JSON: https://secwatch.observer/filing/0001213900-23-018998.json
- Plain text: https://secwatch.observer/filing/0001213900-23-018998.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.