M&A - Investcorp AI Acquisition Corp.

Form Type: DEF 14A

Filing Date: 2025-04-24

Corporate Action: Merger

Type: New

Accession Number: 000119312525093653

Filing Summary: Investcorp AI Acquisition Corp. is holding its 2025 Annual General Meeting of Shareholders on May 12, 2025. The primary purpose of this meeting is to consider and vote on several proposals, with the main proposal being the Extension Amendment Proposal. This proposal seeks shareholder approval to amend the company's articles of association to extend the deadline for completing a business combination from May 12, 2025, to May 12, 2027. This extension is deemed necessary as the board believes it is unlikely to complete a merger, share exchange, or similar business combination by the original deadline. Additionally, shareholders will vote on the election of two Class I directors, the appointment of an auditor, and the option to adjourn the meeting if necessary. If the Extension Amendment is not approved, the company may be forced to liquidate and redeem public shares. Shareholders are also given the option to redeem their shares for a per-share price based on the Trust Account funds, which is currently anticipated to be approximately $12.03 per share. As of the latest information, there are 7,944,130 ordinary shares outstanding, with specific voting intentions expressed by the company's Sponsor. Proxy materials for the meeting will be mailed on or about April 28, 2025.

Form Type: 10-K

Filing Date: 2025-04-16

Corporate Action: Acquisition

Type: Update

Accession Number: 000119312525082806

Filing Summary: Investcorp AI Acquisition Corp. is a blank check company formed for the purpose of executing an Initial Business Combination, primarily targeting companies in India with high growth potential. The company reports a change in name from Investcorp India Acquisition Corp. to Investcorp AI Acquisition Corp. as of October 15, 2024. The company has identified Bigtincan Holdings Limited as a candidate for a business combination, with a business combination agreement formalized in October 2024. However, as of December 5, 2024, the scheme implementation deed with Bigtincan was terminated, prompting the company to search for alternative business combination opportunities. They also conducted an extraordinary general meeting in August 2023 and August 2024 to approve extensions for completing their Initial Business Combination due to ongoing operations. As of the latest report, the company has not yet commenced operations or generated revenues, relying mainly on interest income from funds held in a trust account from their Initial Public Offering.

Form Type: PRE 14A

Filing Date: 2025-04-14

Corporate Action: Merger

Type: New

Accession Number: 000119312525079558

Filing Summary: Investcorp AI Acquisition Corp is holding its Annual General Meeting of Shareholders on May 12, 2025, to consider several proposals. The key proposal is the Extension Amendment Proposal, which seeks to extend the deadline for consummating a business combination from May 12, 2025, to May 12, 2027. This extension aims to provide additional time for the company to negotiate and finalize a merger or other business combination. If the extension is not approved, the company will cease operations and liquidate if it cannot consummate a business combination by the original deadline. Other votes will include the election of two Class I Directors, the ratification of CBIZ, Inc. as the independent public accounting firm, and the potential adjournment of the meeting. Shareholders can also elect to redeem their shares under the terms related to the Extension Amendment. The record date for voting is set for April 28, 2025, with 7,944,130 ordinary shares outstanding at that time.