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
Portfolio Pulse from Benzinga Newsdesk
BYTE Acquisition Corp. (NASDAQ:BYTS) and Airship AI Holdings, Inc. have announced the filing of a definitive proxy statement for their proposed business combination. The Extraordinary General Meeting for BYTE shareholders to vote on the merger is scheduled for December 15, 2023. If approved, the combined entity will be listed on Nasdaq under the ticker symbol 'AISP'. Shareholders as of November 21, 2023, are urged to vote, with BYTE's board recommending approval of the merger.
December 07, 2023 | 1:40 pm
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POSITIVE IMPACT
BYTE Acquisition Corp. is preparing for a merger with Airship AI, with a shareholder vote scheduled for December 15, 2023. If the merger is approved, the new entity will trade under the ticker 'AISP'.
The announcement of the definitive proxy statement and the upcoming shareholder vote is a significant step towards the completion of the merger. If the merger is approved, it is likely to have a positive impact on BYTS's stock price in the short term as it progresses towards becoming a publicly traded company under the new ticker 'AISP'. The board's unanimous recommendation to vote 'FOR' the merger adds to the positive sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100