Byte Holdings LP - Mar 27, 2023 Form 4 Insider Report for BYTE Acquisition Corp. (BYTS)

Signature
/s/ Audrey Bae, Attorney-in-Fact for Byte Holdings LP
Stock symbol
BYTS
Transactions as of
Mar 27, 2023
Transactions value $
$0
Form type
4
Date filed
5/8/2023, 08:47 PM
Next filing
Aug 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BYTS Class A Ordinary Shares, par value $0.0001 per share Conversion of derivative security +8.09M 8.09M Mar 27, 2023 Direct F1, F3, F4, F5
holding BYTS Class A Ordinary Shares, par value $0.0001 per share 1.03M Mar 27, 2023 Direct F3, F4, F5, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BYTS Class B Ordinary Shares, par value $0.0001 per share Conversion of derivative security $0 -8.09M -100% $0.00* 0 Mar 27, 2023 Class A Ordinary Shares 8.09M Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the amended and restated memorandum and articles of association, as amended (the "Articles") of BYTE Acquisition Corp. (the "Issuer"), the Reporting Person elected to convert its Class B ordinary shares, par value $0.0001 per share (the "Class B Shares"), into Class A ordinary shares, par value $0.0001 per share (the "Class A Shares") on a one-for-one basis for no consideration.
F2 Pursuant to the Articles, the Class B Shares had no expiration date and were voluntarily convertible into shares of Class A Shares at the Reporting Persons' election at any time and automatically convertible into Class A Shares at the time of the closing of the Issuer's initial business combination, in each case on a one-for-one basis, subject to adjustment.
F3 This form is being filed by the following reporting persons: Byte Holdings LP (the "Sponsor") and each of Byte Holdings GP Corp., Vadim Komissaorv and Kobi Rozengarten (and together with the Sponsor, the "Reporting Persons"). Because of the relationships among the Reporting Persons described in footnote 4, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F4 The securities are held directly by the Sponsor and the members of BYTE Acquisition Corp.'s management team are among the limited partners of the Sponsor. Byte Holdings GP Corp. is the general partner of the Sponsor, and Kobi Rozengarten and Vadim Komissarov are the sole directors of Byte Holdings GP Corp. and share voting and investment discretion with respect to the ordinary shares held of record by the Sponsor.
F5 Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of its respective pecuniary interests.
F6 Includes securities underlying 1,030,000 units of the Issuer. Each unit consists of one Class A Share and one-half of one warrant, with each whole warrant exercisable to purchase one Class A Share beginning 30 days after the completion of the Issuer's initial business combination.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.