Streetbeat News

BYTS

BYTE Acquisition Corp

Open

9.42

Mkt cap

71M

Volume

320K

High

9.42

P/E Ratio

-108.17

52-wk high

13.36

Low

5.28

Div yield

N/A

52-wk low

5.28

Airship AI Holdings, Inc. (AISP) issued a stockholder letter reflecting on 2023 achievements, including a Nasdaq listing through a merger with BYTE Acquisition Corp. (BYTS). The company anticipates triple-digit revenue growth and positive EBITDA in 2024, backed by a $11.8M backlog and a $140M pipeline. Demand from Fortune 500 and government agencies, especially for border protection technologies, is driving growth. Investments in internal capabilities and new product launches, such as the Outpost AI edge appliance, are expected to capitalize on the $7.0 billion edge AI market.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 1:46 pm

CarMax, Inc. (NYSE:KMX) shares rose by approximately 8% following its quarterly earnings report, which showed an EPS of $0.52, surpassing the consensus estimate of $0.44, despite a 5.5% year-on-year sales decline. Other stocks experienced significant movements in Thursday's mid-day session, with various companies reporting investments, acquisitions, and regulatory updates that influenced their stock prices.

Portfolio Pulse from Avi Kapoor

December 21, 2023 | 6:01 pm

Airship AI Holdings has completed its business combination with BYTE Acquisition Corp., and the combined company will trade on Nasdaq under the ticker 'AISP' starting December 22, 2023. Airship AI, which provides AI-driven surveillance solutions, has a $163 million pipeline and recently secured $10.9 million in contracts from the Department of Homeland Security. The company targets a rapidly growing edge AI market, projected to reach over $40 billion by 2030, and boasts a blue-chip customer base including federal agencies and Fortune 500 companies. The business combination is expected to enhance Airship AI's visibility, growth, and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 5:06 pm

Motus GI Holdings, Inc. (MOTS) shares plummeted by 46.5% in pre-market trading after announcing a $5 million public offering. Other stocks experienced significant movement in pre-market trading, with notable gainers including Infobird Co., Ltd. (IFBD), Jin Medical International Ltd. (ZJYL), and SOBR Safe, Inc. (SOBR), among others. Conversely, several companies saw their shares decline, such as ETAO International Co., Ltd. (ETAO), bluebird bio, Inc. (BLUE), and Ebix, Inc. (EBIX), which filed for Chapter 11 bankruptcy.

Portfolio Pulse from Avi Kapoor

December 19, 2023 | 1:09 pm

BYTE Acquisition has adjourned its shareholder meeting, initially set to approve a business combination with Airship AI, to December 19, 2023, at 4:00 p.m. ET. Additionally, the company has extended the deadline for IPO Class A ordinary shareholders to demand redemption rights to the same date and time.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 10:00 pm

Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) shares increased by approximately 25% in pre-market trading following the FDA's approval of its ZORYVE topical foam for seborrheic dermatitis. Other stocks experienced significant movement in pre-market trading, with various gainers such as Banzai International, Inc. (NASDAQ:BNZI) and losers like Minerva Surgical, Inc. (NASDAQ:UTRS), which intends to delist from Nasdaq.

Portfolio Pulse from Avi Kapoor

December 18, 2023 | 1:10 pm

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.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:40 pm

BYTE Acquisition Corp. (NASDAQ:BYTS) and Airship AI Holdings, Inc. announced a definitive agreement for a business combination, with Airship AI expected to become a public company and list on Nasdaq under the ticker symbol 'AISP'. The transaction is expected to close in Q3 2023.

Portfolio Pulse from Happy Mohamed

June 27, 2023 | 12:33 pm

Byte Acquisition's board has concluded that the company's financial statements for the quarter ended March 31, 2023, should no longer be relied upon.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 8:05 pm

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