Highest-materiality recent filing
Q4 net revenues $6.5M, gross profit $3.3M (51.2% margin, +169% YoY).
Airship AI Q3: $1.2M revenue, $2.9M operating loss, $166M pipeline
Q3 net revenues $1.2M; gross profit $0.6M (51% margin); operating loss $2.9M.
Airship AI raises $9.7M via warrant exercise inducement; issues new warrants at $6.20
Gross proceeds of $9,729,729 from cash exercise of 2,162,162 existing warrants at $4.50 per share.
Airship AI Q1 revenue $5.5M, net income $23.7M; guides 30% growth
Net revenues $5.5M, gross profit $2.2M (40% margin); operating loss $1.7M.
Airship AI raises $7.6M through warrant exercise; issues inducement warrants at $4.50
Existing warrant holder exercises 2,882,883 shares at $2.65 per share, yielding ~$7.64M gross proceeds.
Airship AI permanently reduces warrant exercise price to $4.50 for 16.7M warrants
Permanently reduced exercise price of 16,159,012 public warrants and 515,000 private warrants from $7.80 to $4.50 per share.
Airship AI prices $8M public offering of common stock and warrants at $2.775/unit
Offering: 2,882,883 shares plus warrants to purchase same number; exercise price $2.65, 5-year term.
Airship AI Q2 2024: Revenue $6.4M, Gross Profit $4.5M, Operating Income $1.0M, Pipeline ~$150M
Net revenue $6.4M, gross profit $4.5M (70% margin), operating income $1.0M for Q2 ended June 30, 2024.
Airship AI extends $2M convertible note to June 2025; issues 232,360 shares as interest
Extended maturity of $2M senior secured convertible note from June 22, 2024 to June 22, 2025.
Airship AI permanently reduces warrant exercise price from $11.50 to $7.80
16,184,612 public warrants and 515,000 private warrants exercise price reduced to $7.80.
Airship AI Q1 revenue $10.6M, 84.5% of FY2023; DOJ contract $2.35M
Net revenues $10.6M in Q1 2024, up from $12.5M full-year 2023; represents 84.5% of prior fiscal-year total.
Airship AI FY 2023 revenue $12.3M; guides triple-digit growth in 2024
Revenue $12.3M, gross profit $5.8M (47% margin); operating loss $6.6M includes $2.9M stock comp.
Airship AI amends 8-K to reclassify earnout shares as liability in pro forma statements
Amendment corrects classification of up to 5M Earnout Shares from equity to liability; shows $46.2M earnout liability.
Airship AI refinances $2M secured convertible note with Platinum Capital
Issued amended $2M senior secured convertible note; repayment amount 110% ($2.2M) due June 22, 2024.
Airship AI closes SPAC merger with BYTE; begins trading on Nasdaq as AISP
Merger consideration of $225M in stock at $10.00/share; up to 5M earnout shares contingent on revenue and stock price milestones.
BYTE Acquisition completes merger with Airship AI; to trade as AISP on Nasdaq
Completion of business combination; combined company to trade as "AISP" on Nasdaq from Dec 22, 2023.
Extraordinary general meeting reconvenes virtually at 4:30 p.m. ET on December 19, 2023.
BYTE Acquisition Corp. shareholders approve extension to Dec 26, 2023; 525,624 shares redeemed
Extension proposal approved: business combination deadline moved from Sept 25, 2023 to Dec 26, 2023; board may extend to Mar 26, 2024.
BYTE Acquisition enters non-redemption agreements for $7M of shares to support Airship AI merger
Sponsor Byte Holdings LP agreed to acquire $6M in public shares, waive redemption rights, and abstain from voting in exchange for $0.033/share/month fee.
BYTE Acquisition Corp. enters merger agreement with Airship AI Holdings for AI-driven edge platform
Aggregate merger consideration of 22.5M Parent Common Shares, plus up to 5M earnout shares based on revenue and stock price milestones.
BYTE Acquisition Corp. restates Q1 2023 financials due to $0.02/share redemption error
Audit committee concluded Q1 2023 financials should no longer be relied upon due to a $0.02/share redemption miscalculation.
Shareholders approved extension of business combination deadline from March 23 to September 25, 2023.
BYTE Acquisition Corp. signs LOI for business combination with Airship AI at $290M EV
Non-binding LOI for SPAC merger; pro forma enterprise value of $290M (assuming 98% public redemptions).
BYTE Acquisition Corp. enters non-redemption agreements to secure extension through Sep 2023
Existing shareholders holding 1M Class A shares each agree not to redeem and to vote for extension to Sep 25, 2023.
BYTE Acquisition restates financials to reclassify all public shares as temporary equity
Non-reliance on audited balance sheet as of March 23, 2021, and Q1/Q2 2021 interim financials.
On March 1, 2024, Airship AI Holdings, Inc. (the “Company”) appointed Mark E. Scott (age 70), our interim Chief Financial Officer, as the Chief Financial Officer of the Company, effective March 1, 2024.
Simultaneously with Mr. Yamin’s resignation, the Board elected Sam Gloor to serve as a member of the Board.
On February 15, 2023, Danny Yamin, a member of the board of directors (the “Board”) of Byte Acquisition Corp., a Cayman Islands exempted company (the “Company”), resigned as a director of the Board.
On November 30, 2022, Danny Yamin, Chief Executive Officer of Byte Acquisition Corp., a Cayman Islands exempted company (the “Company”), resigned as Chief Executive Officer of the Company.
Simultaneously with Mr. Yamin’s resignation, the Board appointed Sam Gloor to serve as the Company’s Chief Executive Officer.
Max materiality 0.85 · Median 0.60 · Most common event other_material