NEW
YORK, Jan. 3, 2023 /PRNewswire/ -- Bite
Acquisition Corp. (NYSE: BITE) (the "Company," or "BITE") announced
today that Rafael Felipe de Jesus Aguirre
Gomez and Randall Hiatt,
Chair and Independent Director of the Company respectively,
resigned from BITE's board of directors (the "Board") effective
December 31, 2022. Mr. Alberto Ardura, CEO and board member of BITE
will assume the role of BITE's Chair of the Board, and the Board
expects to appoint a new independent Board member in place of Mr.
Hiatt in the coming days. Concurrently with his resignation, Mr.
Aguirre has sold his participation in BITE's Sponsor.
Mr. Alberto Ardura stated that,
"we thank Mr. Aguirre and Mr. Hiatt for their highly valued insight
and leadership as the Company actively searches for a business
combination in the restaurant industry since its founding and IPO
in 2021." The Company will broaden its targets to include
industries outside restaurant operations.
Both Mr. Aguirre and Mr. Hiatt wish the Company success in their
future endeavors and believe there will be a bright future for the
Company as it continues its search for a successful business
combination.
About Bite Acquisition
Corp.
Bite Acquisition Corp. is a blank check company, also commonly
referred to as a special purpose acquisition company, or SPAC,
formed for the purpose of entering into a merger, capital stock
exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or
more businesses. While the Company may pursue an initial business
combination with a company in any sector or geography, it intends
to focus its search on the traditional and non-traditional
restaurant sectors in North
America.
Forward-Looking
Statements
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Certain of these
forward-looking statements can be identified by the use of words
such as "believes," "expects," "intends," "plans," "estimates,"
"assumes," "may," "should," "will," "seeks," or other similar
expressions. Such statements may include, but are not limited to,
statements regarding the Company's plan to appoint a new
independent board member. These statements are based on current
expectations on the date of this Current Report on Form 8-K and
involve a number of risks and uncertainties that may cause actual
results to differ significantly. The Company does not assume any
obligation to update or revise any such forward-looking statements,
whether as the result of new developments or otherwise. Readers are
cautioned not to put undue reliance on forward-looking
statements.
Company Contact:
Bite Acquisition Corp.
Alberto Ardura Gonzalez
alberto@biteacquisitioncorp.com
+1 (212) 608-2923
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SOURCE Bite Acquisition Corp.