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December 22, 2023

Airship AI Holdings

Airship AI Holdings, an AI-driven video, sensor and data management surveillance platform, and BYTE Acquisition Corp., a special purpose acquisition company, have completed the previously announced business combination. BYTE's shareholders approved the business combination at an extraordinary general meeting held on December 19, 2023. In connection with the business combination closing, the combined company has been renamed Airship AI Holdings, Inc. This transaction valued Airship AI at pre-money equity value of approximately $225 million. As a public company, the company will have enhanced visibility, selling opportunities and financial flexibility to perform its business plan and broaden its customer base. Airship AI leverages AI at the edge to help improve public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur. Existing customers include federal government agencies across the Department of Homeland Security, Department of Justice, Department of Defense, and Intelligence Community, along with state and local law enforcement agencies and Fortune 500 companies FedEx and Home Depot. Roth Capital Partners served as exclusive M&A advisor to Airship AI. Loeb & Loeb acted as legal advisor to Airship AI, and White & Case acted as legal advisor to BYTE. Founded in 2006, Airship AI is headquartered in Redmond.


 
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