Summary by Futu AI
Airship AI Holdings, Inc., previously known as BYTS, has filed an amended version of its Form 8-K/A with the SEC, correcting its unaudited pro forma condensed combined financial information. The amendment, dated February 6, 2024, reclassifies a portion of the Earnout Shares as a liability. This follows the company's merger with Airship AI, which was completed on December 21, 2023, after BYTS domesticated as a Delaware corporation on December 20, 2023. The merger was accounted for as a reverse recapitalization, with Airship AI being the accounting acquirer. The unaudited pro forma financial statements combine historical financial information of both companies, adjusted for the business combination and related transactions, as if they had occurred at the beginning of the earliest period presented. The financial results...Show More