Byte Acquisition Corp extends deadline to Sep 25, 2023; 30M shares redeemed for ~$10.18, trust drops to ~$24M

Airship AI Holdings, Inc.

Shareholders approved extension of business combination deadline from March 23 to September 25, 2023.
Founder share amendment approved, allowing Class B to Class A conversion on one-for-one basis pre-combination.
Final vote: Extension proposal 28,248,645 for, 898,679 against; Founder amendment same tally.
Holders of 30,006,034 Class A shares redeemed at ~$10.18/share, leaving ~$24M remaining in trust.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Airship AI Holdings, Inc.: Extended deadline for initial business combination from March 23, 2023 to September 25, 2023 (effective 2023-03-16).

Change: charter amendment
Effective: 2023-03-16

Exact text from the filing

A proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Articles”) to extend the date by which the Company must (1) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination (an “initial business combination”), (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem all of the Class A ordinary shares, from March 23, 2023, to September 25, 2023 (the “Extended Date”).

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Airship AI Holdings, Inc.: Granted Class B ordinary shareholders right to convert shares to Class A on a one-for-one basis prior to closing of initial business combination (effective 2023-03-16).

Change: charter amendment
Effective: 2023-03-16

Exact text from the filing

A proposal to amend the Company’s Articles to provide for the right of a holder of the Company’s Class B ordinary shares to convert into Class A ordinary shares on a one-for-one basis prior to the closing of an initial business combination at the election of the holder.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Airship AI Holdings, Inc. shareholders approved Amend the Articles to provide for conversion of Class B ordinary shares into Class A ordinary shares on a one-for-one basis prior to the closing of an initial business combination at the 2023-03-16 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-16

Exact text from the filing

The Founder Share Amendment Proposal . A proposal to amend the Company’s Articles to provide for the right of a holder of the Company’s Class B ordinary shares to convert into Class A ordinary shares on a one-for-one basis prior to the closing of an initial business combination at the election of the holder. The Founder Share Amendment Proposal was approved. The final voting tabulation for this proposal was as follows: For Against Abstain 28,248,645 898,679 0

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Airship AI Holdings, Inc. shareholders approved Amend the Company's Articles to extend the business combination deadline from March 23, 2023 to September 25, 2023 at the 2023-03-16 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-03-16

Exact text from the filing

The Extension Proposal . A proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Articles”) to extend the date by which the Company must (1) consummate a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination (an “initial business combination”), (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem all of the Class A ordinary shares, from March 23, 2023, to September 25, 2023 (the “Extended Date”). The Extension Proposal was approved. The final voting tabulation for this proposal was as follows: For Against Abstain 28,248,645 898,679 0

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

Airship AI Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-022064

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