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Filing Details

Accession Number:: 0001213900-23-069412
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-21 16:30:55
Reporting Period:: 2023-08-21

Accepted Time:: 2023-08-21 16:30:55
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1842566	Byte Acquisition Corp.	BYTS	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1739771	Vadim Komissarov	C/O Byte Acquisition Corp. 445 Park Avenue, 9Th Floor New York NY 10022		Yes	No	Yes	No
1849258	Kobi Rozengarten	C/O Byte Acquisition Corp. 445 Park Avenue, 9Th Floor New York NY 10022	Executive Chairman	Yes	Yes	Yes	No
1849379	Byte Holdings Lp	C/O Byte Acquisition Corp. 445 Park Avenue, 9Th Floor New York NY 10022		No	No	Yes	Yes
1850399	Byte Holdings Gp Corp.	C/O Byte Acquisition Corp. 445 Park Avenue, 9Th Floor New York NY 10022		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Ordinary Shares, Par Value $0.0001 Per Share	Acquisiton	2023-08-21	500,000	$10.57	8,592,313	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Ordinary Shares, Par Value $0.0001 Per Share	Class B Ordinary Shares, par value $0.0001 per share	Acquisiton	2023-06-26	1	$0.00	1	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1			No	4	J	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Ordinary Shares, Par Value $0.0001 Per Share	1,030,000	Direct

Footnotes

Pursuant to the Non-Redemption Agreement dated August 1, 2023 between Byte Holdings LP ("Sponsor"), Byte Acquisition Corp. ("Company"), and Airship AI Holdings, Inc., the Sponsor agreed to acquire from shareholders of the Company $6 million in aggregate value of the Company's Class A ordinary shares, par value $0.0001 per share ("Class A Shares"), either in the open market or through privately negotiated transactions, at a price no higher than the redemption price per share that would be payable to public shareholders who exercise their redemption rights. On August 21, 2023, the Sponsor acquired an aggregate of 500,000 Class A Shares in privately negotiated transactions at a price per share of $10.565, for an aggregate purchase price of $5,282,500.
This form is being filed by the following reporting persons: Byte Holdings LP and each of Byte Holdings GP Corp., Vadim Komissaorv and Kobi Rozengarten (and together with the Sponsor, the "Reporting Persons"). Because of the relationships among the Reporting Persons described in footnote 3, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
The securities are held directly by the Sponsor and the members of BYTE Acquisition Corp.'s management team are among the limited partners of the Sponsor. Byte Holdings GP Corp. is the general partner of the Sponsor, and Kobi Rozengarten and Vadim Komissarov are the sole directors of Byte Holdings GP Corp. and share voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of its respective pecuniary interests.
Includes securities underlying 1,030,000 units of the Company. Each unit consists of one Class A Share and one-half of one warrant, with each whole warrant exercisable to purchase one Class A Share beginning 30 days after the completion of the Company's initial business combination.
The Company's Class B ordinary shares, par value $0.0001 per share ("Class B Shares") are (i) convertible into Class A Shares at the holder's election on a one-for-one basis and (ii) automatically convertible into Class A Shares at the time of the closing of Company's initial business combination on a one-for-one basis, in each case subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
On June 26, 2023, the Company issued one Class B Share to the Sponsor for no consideration for administrative purposes. Pursuant to the merger agreement dated as of June 27, 2023 between the Company, Airship AI Holdings, Inc., and the other parties thereto, Sponsor will surrender the Class B Share to the Issuer for no consideration immediately following shareholder approval of the business combination and related matters.