BYTE Acquisition (BYTS)
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BYTE Acquisition (BYTS) - 2022 Q1 - Quarterly Report
2022-05-11 16:00
Financial Performance - As of March 31, 2022, the company reported a net income of approximately $5.3 million, primarily due to a noncash gain from changes in fair value of derivative warrant liabilities[116]. - The company has not generated any operating revenues to date and will only do so after completing its initial Business Combination[115]. - As of March 31, 2022, the company had cash of $1.5 million, with liquidity needs previously satisfied through loans and contributions from the Sponsor[118]. Initial Public Offering (IPO) - The company completed its Initial Public Offering (IPO) on March 23, 2021, raising gross proceeds of $300 million from the sale of 30 million units at $10.00 per unit[110]. - An additional $23.7 million was generated from the partial exercise of the over-allotment option, bringing total gross proceeds to approximately $323.7 million[110]. - The underwriters are entitled to a deferred fee of $0.35 per unit, totaling approximately $11.3 million, payable only upon completion of a Business Combination[124]. Business Strategy - The company is focused on identifying business combination targets in the Israeli technology industry, including sectors such as cybersecurity and fintech[109]. - If a Business Combination is not completed by March 23, 2023, the company will redeem 100% of the outstanding public shares at a cash price equal to the amount in the Trust Account[114]. Operational Concerns - The company incurs a monthly fee of $10,000 to the Sponsor for office space and administrative services, which began on March 23, 2021[123]. - The company has determined that the mandatory liquidation raises substantial doubt about its ability to continue as a going concern if a Business Combination is not completed[120].
BYTE Acquisition (BYTS) - 2021 Q4 - Annual Report
2022-04-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ________ TO ________ COMMISSION FILE NUMBER 001-40222 BYTE ACQUISITION CORP. (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdi ...
BYTE Acquisition (BYTS) - 2021 Q3 - Quarterly Report
2021-11-17 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to BYTE ACQUISITION CORP. (Exact name of registrant as specified in its charter) | --- | --- | --- | |---------------------------------------------------| ...
BYTE Acquisition (BYTS) - 2021 Q2 - Quarterly Report
2021-08-19 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to BYTE ACQUISITION CORP. (Exact name of registrant as specified in its charter) | --- | --- | --- | |-----------------------------------------|--------------- ...
BYTE Acquisition (BYTS) - 2021 Q1 - Quarterly Report
2021-05-26 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to BYTE ACQUISITION CORP. (Exact name of registrant as specified in its charter) | --- | --- | |-------------------------------------------------------------- ...