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Posted 28 December, 2023

Airship AI Holdings, Inc. appointed Victor Huang as new CEO

Nasdaq:BYTS appointed new Chief Executive Officer Victor Huang in a 8-K filed on 28 December, 2023.


  Victor Huang was appointed as Chief Executive Officer.  

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Overview of Airship AI Holdings, Inc.
Technology • Emerging Technologies
Airship AI Holdings, Inc. engages in a video, sensor, and data management surveillance platform, that focuses on the provision of software services. Its products include Airship Acropolis OS, Airship Command, and Airship Outpost. The company was founded in 2003, and is headquartered in Redmond, WA.
Market Cap
$114M
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Airship AI Holdings, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


Directors and Executive Officers


Effective December 21, 2023, each of the following BYTS' board members resigned in connection with the Business Combination: Kobi Rozengarten, Samuel Gloor, Vadim Komissarov, and Oded Melamed. Effective December 21, 2023, Victor Huang, Derek Xu, Amit Mital, Peeyush Ranjan and Louis Lebedin were appointed to the Company's Board of Directors.


Further, in connection with the Business Combination and effective December 21, 2023, Samuel Gloor resigned from his position as Chief Executive Officer and Chief Financial Officer. Victor Huang was appointed as Chief Executive Officer. Derek Xu was appointed as Chief Operating Officer, Secretary, and Treasurer. Mark E. Scott was appointed as Chief Financial Officer. Paul Allen was appointed President. Yanda Ma was appointed Chief Technology Officer.


The information set forth above in the sections titled "Directors and Executive Officers," "Director and Executive Compensation," "Committees of the Board," "Director Independence," "Certain Relationships and Related Transactions, and Director Independence" and "Indemnification of Directors and Officers" in Item 2.01 of this Report are incorporated herein by reference.


Airship AI Holdings, Inc. 2023 Equity Incentive Plan


In connection with the Business Combination, the Company adopted the Airship AI Holdings, Inc. 2023 Equity Incentive Plan (the "2023 Plan") described in the Proxy Statement/Prospectus in the section entitled "The Airship Pubco Equity Incentive Plan Proposal" beginning on page 160 and incorporated herein by reference. That summary of the 2023 Plan does not purport to be complete and is qualified in its entirety by reference to the text of the 2023 Plan, which is filed as Annex C to the Proxy Statement/Prospectus and is incorporated herein by reference. The plan allows the Company to make equity and equity-based incentive awards, as well as cash awards, to employees, directors and consultants.


Decisions with respect to the compensation of the Company's directors and executive officers will be made by the compensation committee of the Board