M&A - Airship AI Holdings, Inc.

Form Type: POS AM

Filing Date: 2025-06-06

Corporate Action: Merger

Type: Update

Accession Number: 000165495425006697

Filing Summary: Airship AI Holdings, Inc. filed Post-Effective Amendment No. 1 on Form S-3 to convert its previously filed Registration Statement on Form S-1, which was initially filed on February 7, 2024, and declared effective on May 8, 2024. This filing updates the prospectus related to the resale of shares of common stock by identified selling securityholders, including up to 18,092,575 shares, and details the issuance of shares upon the exercise of public warrants. The document highlights the securities issued as merger consideration from a merger completed in December 2023, with specific numbers of shares associated with converted options and warrants. The common stock is listed on The Nasdaq Global Market under the symbol 'AISP', and it outlines the implications for the selling securityholders and provides information on the execution of warrants.

Form Type: 10-Q

Filing Date: 2025-05-15

Corporate Action: Merger

Type: Update

Accession Number: 000165495425005754

Filing Summary: Airship AI Holdings, Inc. filed its quarterly report for the period ended March 31, 2025, reporting significant business activity including the completion of a merger with BYTE Acquisition Corp. on December 21, 2023, which resulted in Airship AI becoming a wholly-owned subsidiary. The report highlights financial performance with net revenues of $5,503,028, a gross profit of $2,235,004, and a net income of $23,707,985 for the quarter. The company’s total assets decreased to $12.93 million from $13.71 million, and total liabilities stand at $36.44 million, down from $66.73 million. Key liabilities include an earnout liability and a warrant liability reflecting fair value adjustments. The company faces operational challenges indicated by a history of accumulated deficits totaling $51,233,605, which has decreased from a previous high. The management discussion suggests ongoing efforts to enhance operational efficiency despite the substantial losses recorded in previous periods.

Form Type: 10-K

Filing Date: 2025-02-28

Corporate Action: Merger

Type: New

Accession Number: 000165495425002153

Filing Summary: Airship AI Holdings, Inc. completed a merger on December 21, 2023, wherein its wholly-owned subsidiary, Airship AI, merged with and into BYTE Acquisition Corp.'s Merger Sub, resulting in Airship AI as the surviving entity. Subsequently, Airship AI changed its name from Airship AI Holdings, Inc. The company positions itself as a leader in AI-driven data management solutions, specializing in structuring unstructured data generated from edge-based sensors for real-time decision-making. Its products, including Outpost AI, Acropolis, and Airship Command, are designed to handle complex data challenges for large institutions, particularly in dynamic environments. As of February 28, 2025, there were 31,749,319 shares of common stock outstanding. The report includes forward-looking statements regarding operational strategies, expected market conditions, product demand, and financial performance, alongside identified risks.