Airship AI Holdings Files S-1/A Amendment

TL;DR

Airship AI Holdings S-1/A: $4.8M rev, $19.3M loss YTD. 200M shares authorized.

AI Summary

Airship AI Holdings, Inc. filed an S-1/A amendment on August 22, 2024, detailing its financial performance. For the six months ended June 30, 2024, the company reported revenue of $4.81 million and a net loss of $19.36 million. The filing also indicates a total of $200 million in authorized shares.

Why It Matters

This filing provides updated financial information for Airship AI Holdings, Inc., offering insights into their revenue, losses, and share structure as they navigate their business operations.

Risk Assessment

Risk Level: medium — The company has a significant net loss relative to its revenue, indicating potential financial instability.

Key Numbers

• $4.81M — Revenue (For the six months ended June 30, 2024)
• $19.36M — Net Loss (For the six months ended June 30, 2024)
• 200,000,000 — Authorized Shares (Total shares authorized)

Key Players & Entities

• Airship AI Holdings, Inc. (company) — Filer
• 20240822 (date) — Filing Date
• $4.81 million (dollar_amount) — Revenue for six months ended June 30, 2024
• $19.36 million (dollar_amount) — Net loss for six months ended June 30, 2024
• 200 million (dollar_amount) — Authorized shares
• BYTE Acquisition Corp. (company) — Former Company Name

FAQ

Key Financial Figures

• $0.0001 — 0 shares of our common stock, par value $0.0001 per share ("common stock") together wit
• $3.57 — sumed combined public offering price of $3.57 per share and common warrant (the last
• $0.01 — ic offering price per common warrant of $0.01. (2) We have agreed to pay the place
• $39 m — any on a consolidated basis is at least $39 million, or (2) the aggregate value of ne
• $11.50 — ate warrants, previously exercisable at $11.50 per share, to an exercise price of $7.8
• $7.80 — 1.50 per share, to an exercise price of $7.80 per share. The purpose of this reduced
• $2,000,000 — , Inc. to extend the maturity date of a $2,000,000 senior secured convertible promissory n
• $0.12 — options at exercise prices ranging from $0.12 to $1.64 per share. Smaller Reporting
• $1.64 — t exercise prices ranging from $0.12 to $1.64 per share. Smaller Reporting Company
• $250 million — on stock held by non-affiliates exceeds $250 million as of the prior June 30, or (2) our ann
• $100 million — 30, or (2) our annual revenues exceeded $100 million during such completed fiscal year and t
• $700 million — on stock held by non-affiliates exceeds $700 million as of the prior June 30. Corporate Inf

Filing Documents

• airsp_s1.htm (S-1/A) — 2978KB
• airsp_ex45.htm (EX-4.5) — 107KB
• airsp_ex46.htm (EX-4.6) — 102KB
• airsp_ex47.htm (EX-4.7) — 104KB
• airsp_ex51.htm (EX-5.1) — 15KB
• airsp_ex1016.htm (EX-10.16) — 20KB
• airsp_ex1017.htm (EX-10.17) — 196KB
• airsp_ex1018.htm (EX-10.18) — 95KB
• airsp_ex231.htm (EX-23.1) — 2KB
• airsp_ex107.htm (EX-FILING FEES) — 33KB
• airsp_ex51img3.jpg (GRAPHIC) — 3KB
• airsp_ex51img2.jpg (GRAPHIC) — 2KB
• 0001654954-24-011038.txt ( ) — 11568KB
• airsp-20240630.xsd (EX-101.SCH) — 93KB
• airsp-20240630_lab.xml (EX-101.LAB) — 502KB
• airsp-20240630_cal.xml (EX-101.CAL) — 25KB
• airsp-20240630_pre.xml (EX-101.PRE) — 419KB
• airsp-20240630_def.xml (EX-101.DEF) — 229KB
• airsp_s1_htm.xml (XML) — 1861KB

USE OF PROCEEDS

USE OF PROCEEDS 32 CAPITALIZATION 33

DILUTION

DILUTION 34 MARKET INFORMATION OF OUR SECURITIES 35

DESCRIPTION OF SECURITIES BEING OFFERED

DESCRIPTION OF SECURITIES BEING OFFERED 36

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

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 38 DESCRIPTION OF AIRSHIP AI'S BUSINESS 47 DIRECTORS AND EXECUTIVE OFFICERS 54

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 60 BENEFICIAL OWNERSHIP OF SECURITIES 67 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS, AND DIRECTOR INDEPENDENCE 69 DESCRIPTION OF OUR SECURITIES 73 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS 85 PLAN OF DISTRIBUTION 90 EXPERTS 92 LEGAL MATTERS 92 WHERE YOU CAN FIND MORE INFORMATION 92 INDEX TO FINANCIAL STATEMENTS F-1 1 Table of Contents ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the U.S. Securities and Exchange Commission (the "SEC"). You should carefully read this prospectus and any prospectus supplement, as well as additional information described under " Where You Can Find More Information ," before deciding to invest in our securities. We have not, and the placement agents have not, authorized anyone to provide any information or to make any representations other than those contained in this prospectus or in any free writing prospectuses prepared by or on behalf of us or to which we have referred you. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This prospectus is an offer to sell only the securities offered hereby, and only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus or in any applicable free writing prospectus is current only as of its date, regardless of its time of delivery or any sale of our securities. Our business, financial condition, results of operations and prospects may have changed since that date. The information provided in this prospectus contains statistical data and estimates, including those relating to market size and competitive position of the markets in which we participate, that we obtained from our own internal estimates and research, as well as from industry and general publications and research, surveys and studies conducted by third parties. I

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View this S-1/A filing on SEC EDGAR