Welcome to our dedicated page for AIB Acquisition Corporation news (Ticker: AIB), a resource for investors and traders seeking the latest updates and insights on AIB Acquisition Corporation stock.
AIB Acquisition Corporation (NYSE: AIB) is a Special Purpose Acquisition Company (SPAC) focused on identifying innovative businesses for merger opportunities. This page serves as the definitive source for all official announcements, financial disclosures, and strategic developments related to AIB's acquisition pipeline.
Investors and analysts will find timely updates on potential mergers, leadership changes, and regulatory milestones. Our curated collection includes press releases detailing due diligence progress, partnership announcements, and filings with the SEC. Key areas of coverage include target company evaluations, shareholder communications, and post-merger integration plans.
Bookmark this page to monitor AIB's progress in bringing private companies to public markets through its SPAC framework. Check regularly for verified updates about acquisition targets in technology-driven sectors and other high-growth industries.
PS International Group (PSI), a global logistics service provider, and AIB Acquisition (Nasdaq: AIB), a special purpose acquisition company, announced the completion of their business combination on July 18, 2024.
Following the merger, PSI's ordinary shares will begin trading on Nasdaq under the ticker symbol PSIG on July 19, 2024. PSI specializes in cross-border air freight services and aims to expand its reach in the logistics industry, including e-commerce logistics.
The transaction marks a significant milestone for PSI, emphasizing their commitment to enhancing capabilities and delivering sustainable growth. Details about the business combination will be available in a Form 8-K filed by AIB and a Form 6-K filed by PSI with the SEC.
AIB Acquisition Corporation has successfully closed its initial public offering (IPO) of 8,625,000 units at $10.00 per unit, providing gross proceeds of $86,250,000. The units started trading on Nasdaq under the ticker symbol AIBBU on January 19, 2022. Each unit comprises one Class A ordinary share and one right to receive one-tenth of a Class A ordinary share upon the business combination's completion. Maxim Group LLC served as the book-running manager for this offering, with a registration statement declared effective by the SEC on January 18, 2022.
AIB Acquisition Corporation announced the pricing of its initial public offering (IPO) of 7,500,000 units at $10.00 per unit, to be traded under the ticker symbol AIBBU starting January 19, 2022. Each unit includes one Class A ordinary share and a right to receive one-tenth of a share upon completing a business combination. The offering is set to close on January 21, 2022, pending customary conditions. Maxim Group LLC is the sole underwriter, with a 45-day option for an additional 1,125,000 units to cover over-allotments.
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