0001161697-24-000188.txt : 20240404
0001161697-24-000188.hdr.sgml : 20240404
20240404161524
ACCESSION NUMBER: 0001161697-24-000188
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240328
FILED AS OF DATE: 20240404
DATE AS OF CHANGE: 20240404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Huang Victor
CENTRAL INDEX KEY: 0002004301
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40222
FILM NUMBER: 24823299
MAIL ADDRESS:
STREET 1: C/O AIRSHIP AI HOLDINGS, INC.
STREET 2: 8210 154TH AVE NE
CITY: REDMOND
STATE: WA
ZIP: 98052
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Airship AI Holdings, Inc.
CENTRAL INDEX KEY: 0001842566
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 03 Life Sciences
IRS NUMBER: 934974766
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 8210 154TH AVE NE
CITY: REDMOND
STATE: WA
ZIP: 98052
BUSINESS PHONE: (877) 462-4250
MAIL ADDRESS:
STREET 1: 8210 154TH AVE NE
CITY: REDMOND
STATE: WA
ZIP: 98052
FORMER COMPANY:
FORMER CONFORMED NAME: BYTE Acquisition Corp.
DATE OF NAME CHANGE: 20210128
FORMER COMPANY:
FORMER CONFORMED NAME: Byte Acquisition Corp.
DATE OF NAME CHANGE: 20210126
4
1
form_4.xml
FORM 4 FOR 03-28-2024
X0508
4
2024-03-28
0
0001842566
Airship AI Holdings, Inc.
AISP
0002004301
Huang Victor
C/O AIRSHIP AI HOLDINGS, INC.
8210 154TH AVE NE
REDMOND
WA
98052
1
1
1
0
CEO and Chairman of the BOD
0
Common Stock
3384353
I
See footnote
Common Stock
60000
D
Options
0.12
2023-12-21
2032-01-15
Common Stock
1758105
1758105
I
See footnote
Stock Appreciation Rights
0.12
2023-12-21
2032-02-16
Common Stock
1758105
1758105
I
See footnote
Warrants
1.77
2023-12-21
2027-05-08
Common Stock
1344951
1344951
D
Earnout Rights
Common Stock
1533458
1533458
I
See footnote
Earnout Rights
Common Stock
298878
298878
D
Options
6.59
2024-03-28
4
A
0
75000
0
A
2034-03-31
Common Stock
75000
75000
D
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.
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.
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.
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.
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.
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.
Commencing on March 31, 2024, the options (4,687.50 per quarter) will vest on the last day of each calendar quarter for four (4) consecutive years with each option vesting on (March 31st, June 30th, September 30th and December 31st).
By: /s/ Victor Huang
2024-04-04