UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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The Stock Market LLC | ||||
The Stock Market LLC | ||||
The Stock Market LLC |
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Item 8.01 Other Events.
As previously disclosed, in connection with the approval by the shareholders of BYTE Acquisition Corp. (the “Company”) of amendments to the Company’s Amended and Restated Memorandum and Articles of Association to extend the date by which the Company must complete its initial business combination, the holders of 30,006,034 of the Company’s Class A ordinary shares (the “Redeeming Shareholders”) properly exercised their right to redeem their shares for cash, and such Redeeming Shareholders were paid approximately $10.20 per share properly redeemed. Due to a third-party administrative error in the calculation of accrued interest earned on the trust account, it was later determined that the Redeeming Shareholders were entitled to a redemption payment of approximately $10.22 per share instead of approximately $10.20 per share. Accordingly, the trustee of the trust account, Continental Stock Transfer & Trust Company (“CST”), will promptly make an additional redemption payment to the Redeeming Shareholders of approximately $0.02 per share. Anyone with questions about the contents of this report can reach out to CST at spacredemptions@continentalstock.com.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BYTE ACQUISITION CORP. | |||
By: | /s/ Sam Gloor | ||
Name: | Sam Gloor | ||
Title: | Chief Executive Officer and Chief Financial Officer |
Date: May 15, 2023