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SPAC · Merger completed

AIB Acquisition Corp

Business combination with PSI Group Holdings Ltd

AIB Acquisition Corp is a blank-check company (SPAC) that raised $75M in its initial public offering on Jan 19, 2022, listing on Nasdaq Global Market. It completed its business combination with PSI Group Holdings Ltd on Jul 18, 2024; the combined company is PS International Group Ltd. (PSIG). Ellenoff Grossman & Schole advised the SPAC and Loeb & Loeb advised the underwriters on the IPO.

Status
Merger completed
IPO date
Jan 19, 2022
IPO size
$75M
IPO exchange
Nasdaq Global Market
Target
PSI Group Holdings Ltd
Announced
Jan 3, 2024
Closed
Jul 18, 2024
Combined company
PS International Group Ltd. (PSIG)
SPAC counsel (IPO)
Ellenoff Grossman & Schole
Underwriters' counsel (IPO)
Loeb & Loeb

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