Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 15, 2023, Danny Yamin, a member of the board of directors (the
"Board") of Byte Acquisition Corp., a Cayman Islands exempted company (the
"Company"), resigned as a director of the Board. Mr. Yamin's resignation was not
the result of any dispute or disagreement with the Company or the Board on any
matter relating to the Company's operations, policies or practices. Mr. Yamin
was not a member of any committees of the Board.
Simultaneously with Mr. Yamin's resignation, the Board elected Sam Gloor to
serve as a member of the Board. Mr. Gloor will also continue to act as the
Company's Chief Executive Officer and Chief Financial Officer. Mr. Gloor will
not serve on any committees of the Board.
Sam Gloor, 36, has been our Chief Financial Officer since January 2021 and our
Chief Executive Officer since November 2022. Mr. Gloor is an experienced
investment banker that has transacted in the TMT, consumer, healthcare,
industrial, oil & gas and specialty finance verticals. Since November 2020, Mr.
Gloor has been the Founder and Managing Member of Sagara Group, LLC, where he
specializes in strategic consulting and business services for growth-stage
companies, alternative asset managers and others. From October 2018 to August
2020, Mr. Gloor was a member of the Financial Institutions Group at Nomura
specializing in SPAC and Specialty Finance investment banking. From November
2014 to September 2018, Mr. Gloor was a member of the Advisory & Financing Group
at Societe Generale Corporate & Investment Banking, where he provided
event-driven bridge and term lending and capital structure advisory services to
blue-chip corporate clients and completed several prominent financing
transactions supporting M&A and corporate actions. Mr. Gloor received an M.Sc.
in Accounting and Finance from the London School of Economics and Political
Science in London, United Kingdom and a BBA from the Norwegian Business School
in Oslo, Norway.
Mr. Gloor is not party to any arrangement or understanding with any person
pursuant to which he was elected as a director, nor is he party to any
transactions required to be disclosed under Item 404(a) of Regulation S-K
involving the Company.
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