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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
Dec 28, 2023
Stated deal value
$200M
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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