we are a special purpose acquisition company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. we intend to focus our search on the traditional and non-traditional restaurant sectors in north america. our team has over 100 years of combined experience in north america as founders, owners, executives and advisors in the restaurant industry. we have been involved in all facets of traditional and non-traditional, franchised and internal restaurant categories, including quick service restaurants (“qsr”), fast casual, polished casual dining, and fine dining. our management team members have extensive exposure to the industry trends and acquisition opportunities in the restaurant industry with a focus and dedication to creating timely value for their stakeholders. we are routinely sought after by key market participants du
![Bite Acquisition logo](/files/LOGO/1831270-BITE.png)
Company profile
Ticker
BITE.UN
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
853307316
Latest filings (excl ownership)
25-NSE
Exchange delisting
1 Jul 24
425
Business combination disclosure
28 Jun 24
425
Business combination disclosure
11 Jun 24
10-K/A
2023 FY
Annual report (amended)
21 May 24
10-Q
2024 Q1
Quarterly report
20 May 24
NT 10-Q
Notice of late quarterly filing
15 May 24
8-K
Submission of Matters to a Vote of Security Holders
30 Apr 24
425
Business combination disclosure
10 Apr 24
DEFM14A
Proxy related to merger
9 Apr 24
425
Business combination disclosure
13 Mar 24
Latest ownership filings
4
JULIA A STEWART
5 Jul 24
4
Alberto Ardura Gonzalez
5 Jul 24
4
Joseph C. Essa
5 Jul 24
4
Alejandre Luis Doporto
5 Jul 24
4
Change in insider ownership
3 Jul 24
SC 13G/A
Yakira Capital Management, Inc.
23 Feb 24
SC 13G
MIZUHO FINANCIAL GROUP INC
13 Feb 24
SC 13G
Yakira Capital Management, Inc.
26 Jan 24
3/A
Alejandre Luis Doporto
27 Dec 23
3
Jose Luis Guerrero Cortes
16 Feb 23
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.28 k | 4.28 k | 4.28 k | 4.28 k | 4.28 k | 4.28 k |
Cash burn (monthly) | (no burn) | 2.93 k | 190.15 k | 221.95 k | 196.39 k | 138.13 k |
Cash used (since last report) | n/a | 11.36 k | 738.38 k | 861.84 k | 762.58 k | 536.36 k |
Cash remaining | n/a | -7.08 k | -734.10 k | -857.56 k | -758.30 k | -532.08 k |
Runway (months of cash) | n/a | -2.4 | -3.9 | -3.9 | -3.9 | -3.9 |
Institutional ownership, Q1 2024
34.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 36 |
Opened positions | 34 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 442.58 mm |
Total shares | 9.89 mm |
Total puts | 0.00 |
Total calls | 437.09 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Smart Dine | 5.48 mm | $0.00 |
Periscope Capital | 544.10 k | $38.09 mm |
NMR Nomura | 481.99 k | $33.74 mm |
Linden Advisors | 466.19 k | $31.93 mm |
Aristeia Capital | 457.89 k | $31.34 mm |
Shaolin Capital Management | 246.43 k | $17.25 mm |
Rivernorth Capital Management | 231.61 k | $16.21 mm |
Owl Creek Asset Management | 212.50 k | $14.88 mm |
Cowen And | 200.40 k | $14.03 mm |
Yakira Capital Management | 175.00 k | $12.25 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
28 Jun 24 | Smart Dine | Common stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 0 | 2,293,616 | 0.00 | 0 |
28 Jun 24 | Smart Dine | Warrants Common Stock | Sale back to company | Dispose D | No | No | 11.5 | 231,000 | 2.66 mm | 0 |
28 Jun 24 | Joseph C. Essa | Common stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 0 | 83,333 | 0.00 | 0 |
28 Jun 24 | Luis Doporto Alejandre | Common stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 0 | 820,037 | 0.00 | 0 |
28 Jun 24 | Alberto Ardura Gonzalez | Common stock, par value $0.0001 per share | Sale back to company | Dispose D | Yes | No | 0 | 2,293,616 | 0.00 | 0 |
28 Jun 24 | Stewart Julia A | Common stock, par value $0.0001 per share | Sale back to company | Dispose D | No | No | 0 | 83,333 | 0.00 | 0 |
27 Jun 24 | Smart Dine | Common stock, par value $0.0001 per share | Other | Dispose J | No | No | 0 | 3,306,385 | 0.00 | 2,293,616 |
27 Jun 24 | Smart Dine | Common stock, par value $0.0001 per share | Other | Acquire J | No | No | 0 | 150,000 | 0.00 | 5,600,001 |
27 Jun 24 | Smart Dine | Common stock, par value $0.0001 per share | Other | Acquire J | No | No | 0 | 520,000 | 0.00 | 5,450,001 |
27 Jun 24 | Smart Dine | Warrants Common Stock | Other | Dispose J | No | No | 11.5 | 104,000 | 1.20 mm | 231,000 |