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BYTE Acquisition Corp.

BYTS · Nasdaq

Trust settledAirship AI Holdings, Inc. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from Byte Holdings LP, listed on Nasdaq in March 2021.
What it's doing now
It agreed to buy Airship AI Holdings, Inc., an AI-powered video surveillance and data management company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
Airship AI Holdings, Inc. — AI Holdings, Inc.
Industry
Information Technology — AI-powered video surveillance and data management
Deal value
not stated in the filings we hold
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
19 March 2021
size not on file
Headquarters
8210 154TH AVE NE, REDMOND, WA, 98052
registered in Delaware
Lead underwriter
not extracted from the prospectus yet
Key officers
Huang Victor (CEO and Chairman of the BOD) · Ma Yanda (Chief Technology Officer) · Xu Derek (Chief Operating Officer)
Listed securities
BYTS common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 19 March 2021IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

  • Airship AI Holdings, Inc.—
    closedInformation Technology

    What Airship AI Holdings, Inc. does — read from airship.ai on 26 August 2026

    Airship AI Holdings, Inc. provides an intelligence layer for security operations that delivers video intelligence, autonomous robotics, and agentic security operations to federal agencies and commercial enterprises. The platform is designed to integrate with existing Video Management Systems (VMS) such as Genetec, Milestone, Avigilon, Hanwha, and Bosch, rather than replacing them. The company operates through four layers: Federal Core, Commercial Expansion, Airship Robotics, and Ask Airship.

    Redmond, WashingtonSecurityFederal GovernmentCommercial EnterpriseRobotics
    Deal structureSEC-primary — BCA 8-K / S-4 / DEFM14A
    Min-cash condition
    $7M
    stated in:0001013762-23-004620 opens on sec.gov in a new tab

The score

deterministic, from filed fields

BYTS is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

BYTE Acquisition Corp. was a blank-check company whose common stock traded on the Nasdaq Stock Market under the ticker AISP. The Securities and Exchange Commission assigned it CIK 0001842566 and SIC industry code 7372 (Services-Prepackaged Software). Its initial public offering was priced on March 19, 2021, under SEC file number 333-253618, pursuant to an S-1 registration statement filed on February 26, 2021, with shares sold for cash. The company described itself as a blank-check company in its 424B4 pricing prospectus, filed under accession number 0001213900-21-016628. The vehicle completed a business combination and no longer files as a separate entity; its closure is established by an 8-K filed on December 28, 2023 (accession 0001654954-23-016064), reporting a change in shell company status under Item 5.06. EDGAR now files CIK 0001842566 under the name Airship AI Holdings, Inc.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • 8-K6 August 20260001654954-26-007329opens on sec.gov in a new tab

    Revenue growth is strong but the company remains unprofitable with a stockholders' deficit of $8.62M; warrant and earnout liabilities create ongoing fair-value volatility on the income statement. Management guided to cash-flow-positive operations by end of 2026, contingent on federal funding flows from the Secure America Act and OB3.

  • 10-Q6 August 20260001654954-26-007328opens on sec.gov in a new tab

    Stock at $2.39 remains well below the $4.50 warrant strike, making 16.15M public warrants and 515K private warrants (expiring Dec 21, 2028) deeply underwater with only 2 exercised in 6 months. Revenue growth is strong but the company is still loss-making, and 3.75M unvested earnout shares remain contingent on milestones not yet achieved.

  • S-4/A22 November 20230001213900-23-089356opens on sec.gov in a new tab

    The reoffer tranche is the part that reaches the market: 9,207,868 shares and 515,000 warrants are registered for resale by existing holders rather than issued in the merger, so they are supply available after closing on top of the 54,159,532 shares issued. Immediately before the domestication the Sponsor, Byte Holdings LP, surrenders BYTS's sole issued and outstanding Class B ordinary share to the company for no consideration, so the founder class is eliminated rather than converted. Airship AI survives the merger as a wholly owned subsidiary under Washington law.

  • S-4/A7 November 20230001213900-23-084384opens on sec.gov in a new tab

    The reoffer tranche is what a public holder should notice: 9,207,868 shares and 515,000 warrants are registered for resale by existing holders rather than issued in the deal, so they are supply that can reach the market on effectiveness. Immediately before the domestication the Sponsor, Byte Holdings LP, surrenders to BYTS for no consideration the sole issued and outstanding Class B ordinary share of $0.0001 par value — the founder class is extinguished rather than converted. The merger itself is governed by the Washington Business Corporation Act.

  • S-4/A18 October 20230001013762-23-004620opens on sec.gov in a new tab

    The registered total splits into two different things: securities issued in the deal, and 9,207,868 shares plus 515,000 warrants registered for reoffer — resale by existing holders, which can reach the market as soon as the statement is effective. Immediately before the domestication the Sponsor, Byte Holdings LP, surrenders to BYTS for no consideration the sole issued and outstanding Class B ordinary share of $0.0001 par value, extinguishing the founder class rather than converting it. The merger itself is governed by the Washington Business Corporation Act.

  • S-411 September 20230001213900-23-075787opens on sec.gov in a new tab

    This first version already carries a reoffer tranche — 9,137,313 shares and 515,000 warrants registered for resale by existing holders rather than issued in the deal, so that supply can reach the market as soon as the statement is effective. Immediately before the domestication the Sponsor, Byte Holdings LP, surrenders to BYTS for no consideration the sole issued and outstanding Class B ordinary share of $0.0001 par value, extinguishing the founder class rather than converting it, and each Class A ordinary share converts one-for-one into Airship Pubco common stock.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

  • 8-K6 August 20260001654954-26-007329opens on sec.gov in a new tab

    What changed: Airship AI (post-BYTS merger, now AISP) reported Q2 2026 net revenues of $4.12M (up 92% YoY) with 75% gross margin, but a net loss of $2.4M. Cash stood at $12.37M as of June 30, 2026, with warrant liability of $12.66M and earnout liability of $3.54M on the balance sheet. Why it matters: Revenue growth is strong but the company remains unprofitable with a stockholders' deficit of $8.62M; warrant and earnout liabilities create ongoing fair-value volatility on the income statement. Management guided to cash-flow-positive operations by end of 2026, contingent on federal funding flows from the Secure America Act and OB3.

  • 10-Q6 August 20260001654954-26-007328opens on sec.gov in a new tab

    What changed: Airship AI (post-BYTS merger) reported Q2 2026 revenue of $4.12M (up 92% YoY) but a net loss of $2.4M; cash stood at $12.4M with 34.4M shares outstanding. Earnout liability rose to $3.54M (from $2.62M) due to increased volatility assumption (76.8% vs 55.8%), while warrant liability held at ~$12.7M with stock at $2.39 vs $4.50 exercise price. Why it matters: Stock at $2.39 remains well below the $4.50 warrant strike, making 16.15M public warrants and 515K private warrants (expiring Dec 21, 2028) deeply underwater with only 2 exercised in 6 months. Revenue growth is strong but the company is still loss-making, and 3.75M unvested earnout shares remain contingent on milestones not yet achieved.

    going-concern doubtnothing moved · 1 with no prior record of ours
    Going-concern doubt
    stated · unchanged

    The clause …“management to perform assessments of an entity’s ability to continue as a going concern within one year of the date of issuance of the entity’s consolidated financial statements (or within one year after the date on which the”…

    Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.

  • 44 June 20260001161697-26-000130opens on sec.gov in a new tab
  • EFFECT19 May 20269999999995-26-001708opens on sec.gov in a new tab
  • CORRESP15 May 20260001654954-26-004948opens on sec.gov in a new tab
Show the other 10 filings

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001654954-25-013300

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Services-Prepackaged Software (7372)
Registered inDelaware
Exchange · CIKNasdaq · 0001842566

All filings on EDGARopens on sec.gov in a new tab

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

11 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

News

company wires and the financial press

Reporting we have matched to this ticker. Headlines belong to the outlets that wrote them.

Show the headlines

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

35 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail4 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

BYTS — company record
UNIVERSE-IPO-INDEX2026-08-17

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7372 (Services-Prepackaged Software). The screen found it by filing SHAPE instead — S-1 2021-02-26 → 8-A12B 2021-03-16 → 424B4 2021-03-19 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7372 + self-described blank check in 424B4 0001213900-21-016628; 424B 0001213900-21-016628 priced 2021-03-19 under S-1 0001213900-21-012151 (file 333-253618, an offering for cash); common ticker BYTS off 10-Q 0001213900-23-082206 (2023-11-01); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-253618, which belongs to S-1 0001213900-21-012151 (2021-02-26) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-03-19). Ending PROVEN, not inferred: CLOSED per 8-K 0001654954-23-016064 (2023-12-28) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,3.02,3.03,4.01,5.01,5.02,5.03,5.05,5.06,8.01,9.01). EDGAR now files this CIK as "Airship AI Holdings, Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "Byte Holdings LP" (SEC CIK 0001849379) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-21-016458.

Deal — Airship AI Holdings, Inc.
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001842566 records "BYTE Acquisition Corp." ending 2023-12-21; the registrant continues as "Airship AI Holdings, Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2023-12-21. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] minCashM=7 from primary filings (0001013762-23-004620).

SEGMENT-FROM-FILING2023-11-22

OTHER -> AI, on S-4/A 0001213900-23-089356: "Airship AI Holdings, Inc., a Washington company (“Airship AI”)"

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