Airship AI Holdings, Inc. Files S-1/A Amendment

TL;DR

<b>Airship AI Holdings, Inc. has filed an S-1/A amendment, providing updated corporate and financial information.</b>

AI Summary

Airship AI Holdings, Inc. (AISPW) filed a Amended IPO Registration (S-1/A) with the SEC on March 6, 2024. Filing is an S-1/A amendment for Airship AI Holdings, Inc. The company was formerly known as BYTE Acquisition Corp. Incorporated in Delaware with fiscal year end December 31. Business and mailing address located at 8210 154TH AVE NE, REDMOND, WA 98052. Contact phone number is (877) 462-4250.

Why It Matters

For investors and stakeholders tracking Airship AI Holdings, Inc., this filing contains several important signals. This filing indicates ongoing corporate actions and disclosures required for public companies. The amendment may contain updated details on business operations, financial status, or strategic plans relevant to investors.

Risk Assessment

Risk Level: low — Airship AI Holdings, Inc. shows low risk based on this filing. The filing is an S-1/A amendment, which is a routine update and does not inherently signal significant positive or negative developments.

Analyst Insight

Review the S-1/A amendment for any material changes in business strategy, financial performance, or risk factors that could impact investment decisions.

Financial Highlights

revenue

7614666

total Assets

2367369

net Income

898882

Key Numbers

• 1231 — Fiscal Year End (Fiscal year end date)
• 333-276932 — SEC File Number (SEC file number for the registration)
• 24726202 — Film Number (Film number associated with the filing)

Key Players & Entities

• Airship AI Holdings, Inc. (company) — Filer name
• BYTE Acquisition Corp. (company) — Former company name
• DE (jurisdiction) — State of incorporation
• 8210 154TH AVE NE, REDMOND, WA 98052 (address) — Business and mailing address
• (877) 462-4250 (phone) — Business phone number

FAQ

Industry Context

Airship AI Holdings, Inc. operates in the prepackaged software services industry.

Regulatory Implications

The filing is made under the Securities Act of 1933, which governs the registration of securities.

What Investors Should Do

1. Analyze the specific details within the S-1/A amendment for any new financial data or operational updates.
2. Cross-reference information with previous filings to identify significant changes.
3. Monitor future filings for continued disclosures and potential market impact.

Year-Over-Year Comparison

This is an S-1/A filing, indicating an amendment to a previous registration statement.

Key Financial Figures

• $0.0001 — 12,406,202 shares of our common stock, $0.0001 par value per share ("Common Stock"), c
• $10.00 — shares were issued at a deemed value of $10.00 per share pursuant to the terms of the
• $0 — by the Sponsor at a price per share of $0.003, and (c) 532,945 shares of Common S
• $1.77 — Stock at an exercise price per share of $1.77 issued in connection with the Business
• $0.12 — Stock at an exercise price per share of $0.12 issued in connection with the Business
• $2,000,000 — uary 2, 2024 in the principal amount of $2,000,000 (and $120,000 of accrued interest) at a
• $120,000 — the principal amount of $2,000,000 (and $120,000 of accrued interest) at an assumed conv
• $2.27518 — n assumed conversion price per share of $2.27518 (the "Platinum Convertible Note"); and
• $3.69717 — rrant at an exercise price per share of $3.69717 issued by us to Platinum on February 2,
• $11.50 — rants at an exercise price per share of $11.50 (the "Public Warrants" or the "Warrants
• $1.65 — ted sales price of our Common Stock was $1.65. The exercise price per share of the Pu
• $11 — ice per share of the Public Warrants is $11.50, the exercise price per share of the
• $0.10 — f our Public Warrants was approximately $0.10 per warrant. The shares of Common Stoc
• $225.0 million — lders in connection with the Merger was $225.0 million in the form of shares of Common Stock (
• $2,200,000 — e Note is 110% of the principal amount ($2,200,000) and matures in full on June 22, 2024.

Filing Documents

• airsp_s1a.htm (S-1/A) — 3335KB
• airsp_ex231.htm (EX-23.1) — 2KB
• 0001654954-24-002732.txt (&nbsp;) — 8379KB
• airsp-20230930.xsd (EX-101.SCH) — 55KB
• airsp-20230930_lab.xml (EX-101.LAB) — 364KB
• airsp-20230930_cal.xml (EX-101.CAL) — 17KB
• airsp-20230930_pre.xml (EX-101.PRE) — 298KB
• airsp-20230930_def.xml (EX-101.DEF) — 180KB
• airsp_s1a_htm.xml (XML) — 946KB

USE OF PROCEEDS

USE OF PROCEEDS 30 MARKET INFORMATION OF OUR SECURITIES 31 UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION 32

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF AIRSHIP AI

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF AIRSHIP AI 48 DESCRIPTION OF AIRSHIP AI'S BUSINESS 58 DIRECTORS AND EXECUTIVE OFFICERS 65

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 70 BENEFICIAL OWNERSHIP OF SECURITIES 77 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS, AND DIRECTOR INDEPENDENCE 79 DESCRIPTION OF OUR SECURITIES 82 MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES 93 SELLING STOCKHOLDERS 97 PLAN OF DISTRIBUTION 99 EXPERTS 101 LEGAL MATTERS 101 WHERE YOU CAN FIND MORE INFORMATION 101 INDEX TO FINANCIAL STATEMENTS F-1 No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date. For investors outside the United States: We have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. You are required to inform yourselves about and to observe any restrictions relating to this offering and the distribution of this prospectus. 1 Table of Contents FREQUENTLY USED TERMS Unless otherwise indicated or the context otherwise requires, references in this prospectus to the " Company ," " we ," " our ," " us " or similar terms refer to Airship AI Holdings, Inc., a Delaware corporation, and its subsidiaries, including Airship AI, Inc., a Washington corporation. In addition, in this prospectus: " Airship AI " refers to Airship AI, Inc. (formerly known as Airship AI Holdings, Inc.), a Washington corporation. " Airship Common Stock " refers to the common stock of Airship AI held by the Airship securityholders prior to the Closing. " Board " refers to the board of directors of the Company. " Business Combination " refers to the transactions contemplated by the Merger Agreement, including the Domestication and the Merger, which closed on December 21, 2023. " BYTS " refers to BYTE Acquisition Corp., a

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View this S-1/A filing on SEC EDGAR