secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001213900-23-051861
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BYTE Acquisition Corp. enters merger agreement with Airship AI Holdings for AI-driven edge platform
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- Aggregate merger consideration of 22.5M Parent Common Shares, plus up to 5M earnout shares based on revenue and stock price milestones.
- Airship AI provides AI-driven edge video, sensor and data management platform for government agencies and enterprises.
- Closing conditions: shareholder approval, Nasdaq listing, at least $7M cash in trust after redemptions, non-redemption agreements for $7M.
- Sponsor to forfeit 1M shares and contribute 2.6M shares to secure non-redemption agreements and/or PIPE Financing.
- Outside date initially Sep 25, 2023, extendable to Dec 26, 2023 if needed; registration statement to be filed promptly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000121390023051861/0001213900-23-051861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000121390023051861/ea180900-8k425_byteacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-051861

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer