Current Report Filing (8-k)
28 January 2022 - 9:22AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
January 21, 2022
AIB Acquisition Corporation
(Exact name of registrant as specified in its charter)
Cayman Islands
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001- 41230
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N/A
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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875 Third Avenue, Suite M204A
New York, New York 10022
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: (212) 380-8128
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Units, each consisting of one Class A Ordinary Share and one Right to receive one-tenth (1/10) of one Class A Ordinary Share upon the consummation of an initial business combination
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AIBBU
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The Nasdaq Stock Market LLC
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Class A Ordinary Share, par value $0.0001 per share
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AIB
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The Nasdaq Stock Market LLC
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Rights, every ten (10) rights entitles the holder to receive one Class A Ordinary Share upon the consummation of an initial business combination
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AIBBR
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company þ
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On January 21, 2022, AIB Acquisition Corporation,
a Cayman Islands exempted company (the “Company”), consummated its initial public offering (the “IPO”)
of 8,625,000 units (the “Units”), including 1,125,000 Units issued to the underwriters upon the full exercise of the
over-allotment option. Each Unit consists of one of the Company’s Class A Ordinary Share, par value $0.0001 per share (“Class
A Ordinary Shares”) and one right to receive one-tenth (1/10) of one Class A Ordinary Share upon the consummation of an initial
business combination (“Right”), with every ten (10) rights entitling the holder thereof to receive one Class A Ordinary Share
at the closing of the Company’s initial business combination. The Units were sold at a price of $10.00 per Unit, generating gross
proceeds to the Company of $86,250,000.
On January 21, 2022, simultaneously
with the closing of the IPO, the Company completed the private sale (the “Private Placement”) of an aggregate of 388,750
units (the “Private Placement Units”) to AIB LLC and Maxim Group LLC at a purchase price of $10.00 per Private Placement
Unit, generating gross proceeds to the Company of $3,887,500.
A total of $87,112,500, comprised
of $83,225,000 of the proceeds from the IPO (which amount includes $3,018,750 of the underwriters’ deferred discount) and $3,887,500
of the proceeds of the sale of the Private Placement Units, was placed in a U.S.-based trust account maintained by Continental Stock Transfer
& Trust Company, acting as trustee.
An audited balance sheet as
of January 21, 2022 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company
and is included as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statement and Exhibits.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: January 27, 2022
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AIB ACQUISITION CORPORATION
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By:
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/s/ Eric Chen
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Eric Chen
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Chief Executive Officer
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2
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