Aimfinity Investment Corp. I extends business combination deadline to October 2024
- Aimfinity Investment Corp. I extended its deadline for an initial business combination to October 28, 2024, with a $60,000 deposit into the Trust Account.
- The company is pursuing a merger with Docter Inc., which involves a reincorporation and acquisition merger.
- This extension allows Aimfinity to continue its efforts in securing a suitable business combination while adhering to regulatory requirements.
On September 27, 2024, Aimfinity Investment Corp. I announced an extension of its deadline for completing an initial business combination from September 28, 2024, to October 28, 2024. This extension was made possible by a $60,000 deposit into the Trust Account by I-Fa Chang, the manager of the company's sponsor. The company is allowed to extend the deadline on a monthly basis until January 28, 2025, by making similar deposits. Aimfinity Investment Corp. I, a special purpose acquisition company incorporated in the Cayman Islands, is not limited to a specific industry or geographic region for its target acquisitions. However, it will not pursue a business combination with any company headquartered in China or conducting a majority of its business there. The company is currently in the process of a proposed business combination with Docter Inc., which involves a reincorporation merger and an acquisition merger. This agreement was entered into on October 13, 2023, and is subject to various conditions, including regulatory approvals. The announcement highlights the ongoing efforts of Aimfinity to secure a suitable business combination while navigating the complexities of regulatory requirements and market conditions. Stakeholders are encouraged to review forthcoming proxy statements and other documents for detailed information regarding the proposed transaction and its implications.