BYTE Acquisition Corp. (NASDAQ: BYTS) announced this morning that it has completed its business combination with video, sensor and data management platform Airship AI. Shareholders already approved the deal at a meeting held on December 19.
The combined company has now been renamed to “Airship AI Holdings, Inc.” Beginning at the open of trading on December 22, the company’s common stock and warrants will trade on Nasdaq under the ticker symbols “AISP” and “AISPW,” respectively.
BYTE has not yet disclosed redemption numbers, but went into its completion vote with an aggregate of 94.32% of its trust already redeemed from previous extensions. Prior to redemptions from this week’s meeting, it had $19.5 million left in its trust.
The SPAC announced its $303 million combination with Airship AI in June, but signed a non-binding letter of intent with the target in March. Redmond, Washington-based Airship AI develops and provides AI-driven video and sensor management software and services to a wide range of government, law enforcement, and commercial customers.
The Airship AI team hopes to utilize this transaction, combined with its $163 million pipeline, to accelerate the delivery of its AI-driven edge video, sensor and data management platform.
As part of that pipeline, the company recently began 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.
Armada Acquisition Corp. II (NASDAQ:AACIU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “AACIU”, Wednesday, May 21, 2025. The new SPAC aims to combine with a target company in the financial services (“FinTech”), Software-as-a-Service (“SaaS”), or generative artificial intelligence (“AI”) industries...
LightWave (NASDAQ:LWACU) has filed for a $150 million SPAC with a team of technology specialists and a Board that has advised many SPACs in the CF series. The new SPAC breaks a streak of seven straight new S-1s filed for vehicles with rights and no warrants in their units. LightWave’s units are to each contain...
SPACInsider contributor Henrique Santa Rosa this week compiled his three favorite potential SPAC targets among potential targets in Brazil. We look at why they are compelling and why each could be a fit for a blank-check merger. Brazil is both South America’s largest economy and most populous, making it a ripe target for SPACs. But,...
At the SPAC of Dawn Welsbach Technology Metals (OTC:WTMA) have given some extra reading material for shareholders ahead of its vote to approve its combination with Evolution Metals next month in the form of the duo’s first investor presentation for the deal. The presentation details Evolution’s plan to build up a rare earth processing facility...
At the SPAC of Dawn A busy week of Fed speaking engagements is set to follow this week after Moody’s late Friday downgrade of US debt, which has left markets in the red through the weekend. SPACs may dodge some of the early fallout from the from the switch from AAA to AA1, as none...