---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-067359"
form_type: "8-K"
ticker: null
cik: "0001852889"
company_name: "Investcorp AI Acquisition Corp."
filed_at: "2025-03-31T23:59:59+00:00"
generated_at: "2026-05-24T02:27:57.599149+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Investcorp AI amends convertible note with sponsor for up to $3M working capital

## Summary
- Sponsor ICE I Holdings loans up to $3.0M under amended convertible promissory note.
- Loan is non-interest bearing, repayable upon business combination or May 12, 2025.
- Up to $3M may be converted into warrants at $1.00 per warrant; warrants identical to private placement warrants.
- Warrants exercisable for Class A ordinary shares at $11.50 per share, non-redeemable while held by sponsor.
- Proceeds for working capital; note amends prior December 2023 convertible note.

## SEC filing metadata
- accession: 0001193125-25-067359
- form_type: 8-K
- cik: 0001852889
- company_name: Investcorp AI Acquisition Corp.
- filed_at: 2025-03-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1852889/000119312525067359/0001193125-25-067359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1852889/000119312525067359/d848905d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-067359
- JSON: https://secwatch.observer/filing/0001193125-25-067359.json
- Plain text: https://secwatch.observer/filing/0001193125-25-067359.txt

## Key facts
- Debt Financings
  Investcorp AI Acquisition Corp. amended convertible notes of up to $3.0 million with ICE I Holdings Pte. Ltd. at will not bear any interest maturing upon the later date of the consummation of the Company's initial business combination or May 12, 2025.
  - Instrument: convertible notes
  - Principal: up to $3.0 million
  - Counterparty: ICE I Holdings Pte. Ltd.
  - Rate: will not bear any interest
  - Maturity: upon the later date of the consummation of the Company's initial business combination or May 12, 2025
  - Event: amendment
  source text: On March 28, 2025, Investcorp AI Acquisition Corp. (the " Company ") amended and restated its Convertible Promissory Note (the " Amended and Restated Working Capital Loan ") with its sponsor, ICE I Holdings Pte. Ltd. (the " Sponsor "). Pursuant to the Amended and Restated Working Capital Loan, the Sponsor has agreed to loan the Company up to $3.0 million to be used for working capital purposes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1852889/000119312525067359/0001193125-25-067359-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.