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.