secwatch.observer — SEC 8-K summary
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Issuer:     Airship AI Holdings, Inc. (AISP)
CIK:        0001842566
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001213900-23-097727
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BYTE Acquisition completes merger with Airship AI; to trade as AISP on Nasdaq
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1842566/000121390023097727/0001213900-23-097727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1842566/000121390023097727/ea190364-8k_byteacq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-097727

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