8-K
filed September 27, 2023, 7:59 PM ET
ticker AISP
CIK 0001842566
other material
confidence high
sentiment neutral
materiality 0.60
BYTE Acquisition Corp. shareholders approve extension to Dec 26, 2023; 525,624 shares redeemed
Airship AI Holdings, Inc.
- Extension proposal approved: business combination deadline moved from Sept 25, 2023 to Dec 26, 2023; board may extend to Mar 26, 2024.
- Redemption limitation amendment approved: eliminates $5,000,001 net tangible asset minimum for redemptions and business combination.
- Louis Lebedin re-elected as Class I director until 2026 annual meeting.
- 525,624 public shares redeemed at ~$10.63/share, leaving ~$24.1M in trust.
- All four proposals passed with >9.7 million votes for each.
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.: Approved amendments to the Amended and Restated Memorandum and Articles of Association to extend the deadline for completing a business combination from September 25, 2023 to December 26, 2023, with a possible further extension to March 26, 2024, and to eliminate the net tangible asset redemption li (effective 2023-09-22).
- Change
- charter amendment
- Effective
- 2023-09-22
Exact text from the filing
On September 22, 2023, the Company adopted the amendments to the Articles, effective the same day.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Airship AI Holdings, Inc. shareholders approved Redemption Limitation Amendment Proposal to amend the Articles to eliminate the limitation on redemption of public shares that would cause net tangible assets to be less than $5,000,001 and the limitation on consummating an initial business combination unless net tangible assets are at least $5,000, at the 2023-09-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-09-22
Exact text from the filing
The Redemption Limitation Amendment Proposal was approved. The final voting tabulation for this proposal was as follows: For Against Abstain 9,765,699 6,031 22,200
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Airship AI Holdings, Inc. shareholders approved Extension Proposal to amend the Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must complete a business combination from September 25, 2023 to December 26, 2023, and to allow the board to further extend to March 26, 2024. at the 2023-09-22 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-09-22
Exact text from the filing
The Extension Proposal was approved. The final voting tabulation for this proposal was as follows: For Against Abstain 9,765,699 6,031 22,200
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Airship AI Holdings, Inc. shareholders approved Adjournment Proposal to approve adjournment of the Extraordinary General Meeting to a later date if necessary to permit further solicitation and vote of proxies. at the 2023-09-22 meeting.
- Outcome
- passed
- Meeting
- 2023-09-22
Exact text from the filing
The Adjournment Proposal was approved. The final voting tabulation for this proposal was as follows: For Against Abstain 9,743,268 28,442 22,220
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.95
Airship AI Holdings, Inc. shareholders approved Election of Louis Lebedin as a Class I director until the general meeting in 2026 or until successor is appointed and qualified. at the 2023-09-22 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-09-22
Exact text from the filing
The Director Election Proposal was approved. The final voting tabulation for this proposal was as follows: For Against Abstain 1 0 0
View on SEC.gov
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