- Aimfinity Investment Corp. I (AIMAU, Financial) extends business combination deadline to June 28, 2025.
- The company deposits $55,823.8 for its fifth monthly extension.
- Aimfinity transitions from Nasdaq to OTC Markets.
Aimfinity Investment Corp. I (AIMAU), a special purpose acquisition company, has announced its decision to extend the deadline for completing its initial business combination from May 28, 2025, to June 28, 2025. This extension, facilitated through a deposit of $55,823.8 into the company's trust account, represents the fifth monthly extension out of a possible nine, as allowed under the company's fourth amended and restated memorandum.
The company's manager, I-Fa Chang, confirmed that the extension equates to a $0.05 per Class A ordinary share held by public shareholders. Under the current charter, AIMAU has the flexibility to seek monthly extensions through October 28, 2025, if needed, allowing for strategic maneuvers as the company progresses toward its business combination goals.
Additionally, AIMAU has announced a transition from Nasdaq to OTC Markets. This move is expected to affect the company's visibility and trading liquidity, aligning with its ongoing efforts to complete its business combination process. Aimfinity, incorporated as a Cayman Islands exempted company, remains focused on merging with high-growth potential businesses.
