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Airship AI Holdings will present at the 35th Annual Roth Conference from March 12-14, 2023 in Dana Point, CA. This event highlights the company's AI-driven surveillance technology aimed at enhancing public safety. A significant update involves a non-binding letter of intent for a business combination with BYTE Acquisition Corp. (NASDAQ: BYTS), announced on March 10, 2023. The completion of this merger is contingent upon due diligence, negotiations, and approvals from both companies' boards and shareholders. No guarantees exist regarding the agreement's finalization or terms.
BYTE Acquisition Corporation has announced the partial exercise of an over-allotment option by Citigroup Global Markets Inc., resulting in the issuance of 2,369,251 additional units at $10.00 each, garnering gross proceeds of approximately $23.7 million. Combined with an earlier IPO of 30,000,000 units, the total gross proceeds reached $323.7 million. The units, trading under the ticker symbol BYTSU, consist of one Class A ordinary share and half a redeemable warrant, with expectations for separate trading under BYTS and BYTSW.
BYTE Acquisition Corporation has successfully closed its initial public offering (IPO) of 30,000,000 units at $10.00 each, yielding gross proceeds of $300,000,000. The IPO began trading on Nasdaq under the ticker symbol 'BYTSU' on March 19, 2021. Each unit comprises one Class A ordinary share and one-half warrant, with the latter allowing purchase of a full share at $11.50. Citigroup Global Markets acted as the sole book-running manager and has an option to purchase an additional 4,500,000 units to cover over-allotments.
BYTE Acquisition Corporation has priced its IPO at $10.00 per unit, offering 30,000,000 units on Nasdaq under the symbol 'BYTSU'. Trading begins on March 19, 2021, with the offering closing expected on March 23, 2021. Each unit includes one Class A ordinary share and half a warrant to purchase another share at $11.50. The company aims to pursue mergers or acquisitions, particularly in the Israeli technology sector, focusing on areas like AI, fintech, and cybersecurity. Citigroup Global Markets Inc. serves as the sole book-running manager for the offering.
