| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AISP | Common Stock | Other | +74.7K | +124.53% | 135K | Jan 7, 2025 | Direct | F6 | ||
| holding | AISP | Common Stock | 3.39M | Jan 7, 2025 | See footnote | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AISP | Earnout Rights | Other | -74.7K | -4.09% | 1.75M | Jan 7, 2025 | Common Stock | 74.7K | See footnote | F2, F6 | |||
| holding | AISP | Options | 1.75M | Jan 7, 2025 | Common Stock | 1.75M | $0.12 | See footnote | F2, F3 | |||||
| holding | AISP | Stock Appreciation Rights | 1.76M | Jan 7, 2025 | Common Stock | 1.76M | $0.12 | See footnote | F2, F4 | |||||
| holding | AISP | Warrants | 1.34M | Jan 7, 2025 | Common Stock | 1.34M | $1.77 | Direct | F5 | |||||
| holding | AISP | Options | 100K | Jan 7, 2025 | Common Stock | 100K | $2.86 | Direct | F7 | |||||
| holding | AISP | Warrant | 220K | Jan 7, 2025 | Common Stock | 220K | $2.36 | Direct |
| Id | Content |
|---|---|
| F1 | Represents shares of common stock of the Issuer received on December 21, 2023, as consideration pursuant to that certain Merger Agreement, dated as of June 27, 2023 (as amended on September 22, 2023 and as may be further amended and/or restated from time to time, the "Merger Agreement"), by and among Airship AI Holdings, Inc., a Delaware corporation (the "Issuer") (formerly known as BYTE Acquisition Corp., a Cayman Island exempted company limited by shares, prior to its domestication as a Delaware corporation), BYTE Merger Sub, Inc., a Washington corporation and a direct, wholly-owned subsidiary of the Issuer, and Airship AI, Inc., a Washington company (formerly known as Airship AI Holdings, Inc., "Airship AI"). The Reporting Person received the reported shares in exchange for shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. |
| F2 | Airship Kirkland Family Limited Partnership is the record holder of the securities reported herein. Victor Huang is the managing partner of Airship Kirkland Family Limited Partnership and as such has voting and dispositive power over these securities. Mr. Huang disclaims beneficial ownership of the securities held by Airship Kirkland Family Limited Partnership, except to the extent of his pecuniary interest therein. |
| F3 | Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of options to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. |
| F4 | Represents stock appreciation rights denominated in shares of common stock of the Issuer received on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of stock appreciation rights denominated in shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. |
| F5 | Represents warrants to purchase shares of common stock of the Issuer received by the Reporting Person on December 21, 2023, pursuant to the Merger Agreement, upon the conversion of warrants to purchase shares of common stock of Airship AI at the Conversion Ratio, as defined in the Merger Agreement, as of the Effective Time of the Merger. |
| F6 | Pursuant to earnout provisions in the Merger Agreement, the holder of such Earnout Rights is entitled to receive shares of common stock of the Issuer upon the occurrence of certain operating performance and share price performance milestones during the applicable earnout periods set forth in the Merger Agreement. |
| F7 | Options vest quarterly over 4 years. |
The Reporting Person files this Amendment No. 1 to its original Form 4 dated 01/07/2025 to correctly reflect the transaction and ending balance.