Welcome to our dedicated page for AIB Acquisition Corporation Unit news (Ticker: AIBBU), a resource for investors and traders seeking the latest updates and insights on AIB Acquisition Corporation Unit stock.
AIB Acquisition Corporation Unit (AIBBU) provides investors with a dedicated news hub for tracking this SPAC's merger activities and capital market developments. Our curated feed delivers official press releases, regulatory filings, and strategic updates directly related to AIBBU's blank-check company operations.
Access timely information on potential acquisition targets, management team announcements, and investor communications. This resource consolidates essential updates including SEC Form 8-K filings, merger prospectuses, and shareholder meeting details – all critical for monitoring this SPAC's progress toward identifying a business combination.
Key coverage areas: merger negotiations, capital structure changes, leadership appointments, and regulatory compliance updates. Bookmark this page for streamlined access to AIBBU's evolving corporate narrative, with verified information presented in clear financial context.
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.
