secwatch.observer — SEC 8-K summary
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Issuer:     AIB Acquisition Corp (—)
CIK:        0001882963
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001013762-23-006289
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 5.03, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AIB Acquisition Corp extends deadline to Jan 2025, secures $750K sponsor loan; shareholders approve
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- Shareholders approved extension of business combination deadline from Oct 21, 2023 to Jan 21, 2025.
- Sponsor AIB LLC provides up to $750,000 promissory note to fund monthly trust deposits of $50,000.
- 2,156,249 Class B ordinary shares converted to Class A ordinary shares by sponsor.
- 16,501 shares redeemed for ~$185,030 ($11.21 per share) after extension vote.
- First $50,000 installment deposited into trust; account holds ~$11.26 per remaining public share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1882963/000101376223006289/0001013762-23-006289-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1882963/000101376223006289/ea187129-8k_aibacquis.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-006289

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