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BYTE Acquisition Corp. - $BYTS STOCK NEWS

Welcome to our dedicated page for BYTE Acquisition news (Ticker: $BYTS), a resource for investors and traders seeking the latest updates and insights on BYTE Acquisition stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BYTE Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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News
Airship AI Holdings Completes Business Combination with BYTE Acquisition Corp.
Rhea-AI Summary
Airship AI Holdings, Inc. (AISP) will begin trading on Nasdaq on December 22, 2023. The company's $163 million pipeline includes firm fixed price contracts worth $10.9 million from an agency within the Department of Homeland Security. Airship AI leverages AI at the edge to improve public safety and operational efficiency. The company has a visible and robust pipeline predominantly with the U.S. government and new growth opportunities within the commercial sector. In 2022, Airship AI had $14.5 million in revenue with a 57.9% gross margin and positive EBITDA. For the next twelve months, it forecasts $39 million revenue with a 65% gross margin and $9 million EBITDA. The edge AI software and hardware addressable market is projected to grow to over $40 billion in 2030.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-38.18%
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acquisition AI
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News
BYTE Acquisition Corp. Announces Adjournment of Shareholder Meeting to Approve Business Combination with Airship AI
Rhea-AI Summary
BYTE Acquisition Corp. (BYTS) extends redemption deadline to December 18, 2023, for shareholder approval of business combination with Airship AI Holdings, Inc. Shareholders of record as of November 21, 2023, are entitled to vote at the Meeting.
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News
Airship AI Starts Delivery of $10.9 Million US Government Contracts for Advanced Video and Sensor Management
Rhea-AI Summary
Airship AI Holdings, a leader in video, sensor, and data management surveillance solutions, has announced the delivery of multiple firm fixed price contracts worth $10.9 million awarded by an agency within the Department of Homeland Security for advanced integrated solutions supporting real-time intelligence collection operations along the United States’ borders. The contracts will utilize the Company’s edge IoT appliance, Outpost AI, to provide highly efficient edge analytic processing and secure data transmission in rugged operational environments. Airship AI is expected to become publicly listed through a merger transaction with BYTE Acquisition Corp, trading on the Nasdaq under the ticker symbol 'AISP'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.16%
Tags
AI
News
BYTE Acquisition Corp. and Airship AI Holdings, Inc. Announce Filing of Definitive Proxy Statement and Extraordinary General Meeting on December 15, 2023 to Vote on Business Combination
Rhea-AI Summary
BYTE Acquisition Corp. (NASDAQ: BYTS) and Airship AI Holdings, Inc. are holding an Extraordinary General Meeting on December 15, 2023, to approve the proposed business combination. BYTE's board recommends voting 'FOR' the proposals. The Business Combination aims to list Airship AI on Nasdaq under the ticker symbol 'AISP'.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
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acquisition AI
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News
BYTE Acquisition Corp. and Airship AI to Attend the ROTH 12th Annual New York Technology Conference
Rhea-AI Summary
BYTE Acquisition Corp. and Airship AI Holdings, Inc. announced that management will attend the ROTH 12th Annual New York Technology Conference on November 15, 2023. The proposed business combination between Airship AI and BYTE is expected to be consummated in Q4 2023, with the combined company listing on Nasdaq under the ticker symbol 'AISP.'
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conferences acquisition AI
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Airship AI Holdings, Inc. to List on NASDAQ through Business Combination with BYTE Acquisition Corp.
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.82%
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acquisition AI
News
Airship AI to Present at the 35th Annual Roth Conference
Rhea-AI Summary
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End-of-Day
0.2%
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conferences
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BYTE Acquisition Corp. and Airship AI Holdings, Inc. Announce Letter of Intent for a Business Combination
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
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acquisition
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BYTE Acquisition Corp. Announces Postponement of Extraordinary General Meeting Date
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Stock BYTS logo
BYTE Acquisition Corp.

Nasdaq:BYTS

BYTS Rankings

N/A Ranked by Market Cap
#1517 Ranked by Stock Gains
N/A Ranked by Dividends

BYTS Stock Data

71.13M
2.30M
88.44%
15.66%
Shell Companies
Financial Services
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United States
New York