8-K
filed December 21, 2023, 6:59 PM ET
ticker AISP
CIK 0001842566
M&A
confidence high
sentiment positive
materiality 0.80
BYTE Acquisition completes merger with Airship AI; to trade as AISP on Nasdaq
Airship AI Holdings, Inc.
- Completion of business combination; combined company to trade as "AISP" on Nasdaq from Dec 22, 2023.
- Pre-money equity value of Airship AI ~$225M.
- Historical 2022A revenue $14.5M, gross margin 57.9%, positive EBITDA.
- NTM forecast revenue $39M, gross margin 65%, EBITDA $9M.
- $163M pipeline; begun delivery of $10.9M DHS contracts.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Airship AI Holdings, Inc. shareholders approved To approve the Domestication (continuation out of Cayman Islands into Delaware) at the 2023-12-19 meeting.
- Outcome
- passed
- Meeting
- 2023-12-19
Exact text from the filing
The Domestication Proposal was approved. The final voting tabulation for this proposal was as follows: Votes For Votes Against Abstentions 1 0 0 1
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Airship AI Holdings, Inc. shareholders approved Advisory approval of change in authorized capital stock (Advisory Organizational Documents Proposal A) at the 2023-12-19 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-12-19
Exact text from the filing
Advisory Organizational Documents Proposal A was approved. The final voting tabulation for this sub-proposal was as follows: Votes For Votes Against Abstentions 9,702,224 22,252 22,201
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Airship AI Holdings, Inc. shareholders approved Advisory approval of exclusive forum provisions (Advisory Organizational Documents Proposal B) at the 2023-12-19 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-12-19
Exact text from the filing
Advisory Organizational Documents Proposal B was approved. The final voting tabulation for this sub-proposal was as follows: Votes For Votes Against Abstentions 9,702,244 22,232 22,201
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Airship AI Holdings, Inc. shareholders approved To approve the Proposed Charter and Proposed Bylaws of Airship Pubco (Organizational Documents Proposal) at the 2023-12-19 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-12-19
Exact text from the filing
The Organizational Documents Proposal was approved. The final voting tabulation for this proposal was as follows: Votes For Votes Against Abstentions 9,702,224 22,232 22,221
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Airship AI Holdings, Inc. shareholders approved To approve and adopt the Merger Agreement and the Business Combination with Airship AI Holdings, Inc. at the 2023-12-19 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-12-19
Exact text from the filing
The Business Combination Proposal was approved. The final voting tabulation for this proposal was as follows: Votes For Votes Against Abstentions 9,702,244 22,232 22,201
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.98
Airship AI Holdings, Inc. shareholders approved Advisory approval of supermajority vote requirement to amend certain charter provisions (Advisory Organizational Documents Proposal C) at the 2023-12-19 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-12-19
Exact text from the filing
Advisory Organizational Documents Proposal C was approved. The final voting tabulation for this sub-proposal was as follows: Votes For Votes Against Abstentions 9,702,244 22,232 22,201
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.99
Airship AI Holdings, Inc. shareholders approved To approve the issuance of shares of Airship Pubco Common Stock and convertible securities in connection with the Business Combination (Stock Issuance Proposal) at the 2023-12-19 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-12-19
Exact text from the filing
The Stock Issuance Proposal was approved. The final voting tabulation for this proposal was as follows: Votes For Votes Against Abstentions 9,702,244 22,232 22,201
View on SEC.gov
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See methodology for how this pipeline works.