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Bite Acquisition Corp. - BITE STOCK NEWS

Welcome to our dedicated page for Bite Acquisition news (Ticker: BITE), a resource for investors and traders seeking the latest updates and insights on Bite Acquisition stock.

Bite Acquisition Corp. (NYSE: BITE) is a special purpose acquisition company (SPAC) created to effect mergers, stock exchanges, asset acquisitions, stock purchases, recapitalizations, reorganizations, or other similar business combinations with one or more entities. The company primarily targets opportunities in the traditional and non-traditional restaurant sectors in North America.

Led by Chair and CEO Alberto Ardura, Bite Acquisition Corp. boasts a management team with over 100 years of combined experience in various facets of the restaurant industry. This experience spans quick service restaurants (QSR), fast casual, polished casual dining, and fine dining. The team is known for its deep industry insights and commitment to creating timely value for stakeholders.

Recently, Bite Acquisition Corp. announced that it received a letter from NYSE American LLC on February 20, 2024, stating that the exchange staff has determined to commence proceedings to delist the company's securities. This action is due to the company's failure to consummate a business combination within 36 months of its initial public offering registration statement. Bite Acquisition Corp. intends to request a review of this delisting determination, and until then, the securities will continue to trade.

The company’s seasoned leadership and strategic focus position it well to navigate the complex landscape of the restaurant industry, while its broad experience in various dining segments offers a solid foundation for future business combinations.

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Bite Acquisition Corp. (BITE) faces potential delisting by NYSE American due to failure to consummate a business combination within the specified timeframe. The company has the option to request a review of the delisting determination by the Exchange's Board of Directors. As of now, trading of the Securities remains unaffected.
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Bite Acquisition Corp. (NYSE: BITE) announced its transfer of listing from the New York Stock Exchange to NYSE American, effective February 13, 2023. The company will continue trading under the same ticker symbols: BITE, BITE.U, and BITE WS. As a SPAC, Bite focuses on potential mergers in the restaurant sector across North America. The transition aims to enhance trading liquidity and access to capital for future business combinations.

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Bite Acquisition Corp. (NYSE: BITE) announced plans to transfer its common stock, units, and warrants listing from the New York Stock Exchange to NYSE American LLC, effective February 13, 2023. The company's ticker symbols will remain the same: BITE, BITE.U, and BITE WS. As a special purpose acquisition company (SPAC), Bite Acquisition Corp. focuses on mergers and business combinations, particularly in the restaurant sectors across North America. This move aims to enhance trading opportunities for investors as the company prepares for future business ventures.

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Bite Acquisition Corp. (NYSE: BITE) announced the resignation of Board Chair Rafael Aguirre and Independent Director Randall Hiatt, effective December 31, 2022. CEO Alberto Ardura will replace Aguirre as Chair. The company expressed gratitude for their contributions while planning to explore business combinations beyond the restaurant sector, broadening its targets. The search for a new independent board member is underway. The company, formed for mergers and acquisitions, aims to identify opportunities in traditional and non-traditional restaurant sectors across North America.

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Bite Acquisition Corp. (NYSE: BITE.U, BITE, BITE.WS) announced an amendment to its proxy statement related to a special meeting on December 15, 2022. The amendment alters the Extension Payment calculation to $0.05 per public share, capped at $150,000, allowing for extensions of up to six months. If stockholders approve the Early Termination Proposals, all public shares will be redeemed by December 22, 2022, due to the failure to complete a business combination within the charter's timeframe. The per-share redemption price is expected to be ~$10.00, pending approval, after which the company may proceed with dissolution.

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Alurx has appointed Dr. Erum Ilyas, a Board Certified Dermatologist, and Dr. Alexis Peraino, a Board Certified Internist, to its Medical & Expert Council. Both doctors bring extensive experience and a commitment to wellness and disease prevention. Dr. Ilyas is recognized for her work in dermatology and has founded a line of sun-protective clothing. Dr. Peraino focuses on exercise physiology and preventive care. Together, they will contribute to Alurx's mission of developing wellness products and providing expert guidance.

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Bite Acquisition Corp. announced the partial exercise of the over-allotment option related to its initial public offering (IPO), resulting in the issuance of an additional 2,500,000 units at $10.00 each. This brings the total units issued to 20,000,000, totaling $200,000,000. Each unit includes one share of common stock and one redeemable warrant. The units are listed on the NYSE under ticker symbol 'BITE.U,' and the common stock and warrants are expected to trade under 'BITE' and 'BITE WS' respectively.

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Bite Acquisition Corp. announced the pricing of its upsized initial public offering (IPO) of 17,500,000 units at $10.00 per unit on February 11, 2021. Trading is expected to commence on February 12, 2021, under the symbol 'BITE.U' on the New York Stock Exchange. Each unit consists of one share of common stock and a half warrant, with whole warrants exercisable at $11.50 each. The IPO aims to merge or acquire businesses, focusing on the restaurant sector in North America. The offering is set to close around February 17, 2021, pending customary conditions.

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FAQ

What is the current stock price of Bite Acquisition (BITE)?

The current stock price of Bite Acquisition (BITE) is $12.5 as of August 21, 2024.

What is the market cap of Bite Acquisition (BITE)?

The market cap of Bite Acquisition (BITE) is approximately 100.0M.

What is Bite Acquisition Corp.?

Bite Acquisition Corp. is a special purpose acquisition company focused on mergers and acquisitions in the restaurant sector in North America.

What sectors does Bite Acquisition Corp. target?

The company targets traditional and non-traditional restaurant sectors, including QSR, fast casual, polished casual dining, and fine dining.

Who leads Bite Acquisition Corp.?

The company is led by Chair and CEO Alberto Ardura, along with a team of experienced executives and investors.

What recent news has been announced by Bite Acquisition Corp.?

The company recently received a delisting notice from NYSE American LLC due to not completing a business combination within the required timeframe.

What actions is Bite Acquisition Corp. taking regarding the delisting notice?

Bite Acquisition Corp. plans to request a review of the delisting determination and will continue to trade its securities until then.

What is a SPAC?

A SPAC, or special purpose acquisition company, is a company formed to raise capital through an IPO with the purpose of acquiring an existing company.

How experienced is the management team at Bite Acquisition Corp.?

The management team has over 100 years of combined experience in the restaurant industry.

What types of dining does Bite Acquisition Corp. have experience in?

The company has experience in quick service restaurants, fast casual, polished casual dining, and fine dining.

Is Bite Acquisition Corp. currently trading its securities?

Yes, Bite Acquisition Corp. is currently trading its securities despite the delisting notice.

What is the focus of Bite Acquisition Corp.'s acquisitions?

The focus is on creating timely value for stakeholders within the restaurant industry through strategic acquisitions.

Bite Acquisition Corp.

NYSE:BITE

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BITE Stock Data

99.99M
8.00M
68.71%
24.82%
0.02%
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