0001161697-24-000208.txt : 20240419
0001161697-24-000208.hdr.sgml : 20240419
20240419162549
ACCESSION NUMBER: 0001161697-24-000208
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240418
FILED AS OF DATE: 20240419
DATE AS OF CHANGE: 20240419
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ma Yanda
CENTRAL INDEX KEY: 0002004300
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40222
FILM NUMBER: 24858106
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 04-18-2024
X0508
4
2024-04-18
0
0001842566
Airship AI Holdings, Inc.
AISP
0002004300
Ma Yanda
C/O AIRSHIP AI HOLDINGS, INC.
8210 154TH AVE NE
REDMOND
WA
98052
0
1
0
0
Chief Technology Officer
0
Options
0.12
2023-12-21
2032-01-15
Common Stock
797698
797698
D
Earnout Rights
Common Stock
177266
177266
D
Options
7.61
2024-04-18
4
A
0
50000
0
A
2034-04-18
Common Stock
50000
50000
D
Represents options to purchase shares of common stock of the Issuer received on December 21, 2023, 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 options 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.
Pursuant to earnout provisions in the Merger Agreement and subject to the Reporting Person's continued service to the Issuer, 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.
Options granted are subject to a four (4) year vesting period, vesting quarterly starting July 18, 2024.
By: /s/ Yanda Ma
2024-04-19