Aimfinity Investment Corp. I Files 8-K on Financial Obligations

TL;DR

AIMFINITY FILES 8-K: DETAILS FINANCIAL OBLIGATIONS & EQUITY SALES, WARRANTS AT $11.50

AI Summary

Aimfinity Investment Corp. I filed an 8-K on August 28, 2024, reporting on the creation of a direct financial obligation and unregistered sales of equity securities. The filing details the company's units, consisting of ordinary shares and redeemable warrants, with exercise prices of $11.50 for both Class 1 and Class 2 warrants, effective August 26, 2024.

Why It Matters

This filing provides insight into Aimfinity Investment Corp. I's financial structure and potential future equity dilution through warrant exercises.

Risk Assessment

Risk Level: medium — The filing involves financial obligations and unregistered equity sales, which can indicate potential dilution and financial risk for investors.

Key Numbers

• $11.50 — Warrant Exercise Price (This is the price at which holders can exercise their Class 1 and Class 2 redeemable warrants.)

Key Players & Entities

• Aimfinity Investment Corp. I (company) — Filer of the 8-K
• 0001213900-24-073092 (dollar_amount) — Accession Number for the filing
• August 26, 2024 (date) — Effective date for units and warrants
• $11.50 (dollar_amount) — Exercise price for Class 1 and Class 2 warrants

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, one Class 1 redeemable warra
• $11.50 — ordinary share at an exercise price of $11.50 AIMAW The Nasdaq Stock Market LLC
• $60,000 — he " Trust Account ") the lesser of (i) $60,000 for all public shares and (ii) $0.035 f
• $0.035 — $60,000 for all public shares and (ii) $0.035 for each public share for each one-mont
• $10.00 — al amount payable to the Sponsor by (y) $10.00. The issuance of the Note was made pur

Filing Documents

• ea0212564-8k425_aimfin1.htm (8-K) — 56KB
• ea021256401ex10-1_aimfin1.htm (EX-10.1) — 31KB
• ea021256401ex99-1_aimfin1.htm (EX-99.1) — 15KB
• 0001213900-24-073092.txt ( ) — 355KB
• aimau-20240827.xsd (EX-101.SCH) — 4KB
• aimau-20240827_def.xml (EX-101.DEF) — 27KB
• aimau-20240827_lab.xml (EX-101.LAB) — 38KB
• aimau-20240827_pre.xml (EX-101.PRE) — 26KB
• ea0212564-8k425_aimfin1_htm.xml (XML) — 9KB

03 Creation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On April 23, 2024, Aimfinity Investment Corp. I, a Cayman Islands exempted company (the " Company "), held an extraordinary general meeting (the " Shareholder Meeting "), where the shareholders of the Company approved to amend the Company's amended and restated memorandum and articles of associations (the " Charter ") to allow the Company until April 28, 2024 to consummate an initial business combination and may elect to extend the period to consummate an initial business combination up to nine times, each by an additional one-month period (each, a " Monthly Extension "), for a total of up to nine months to January 28, 2025, by depositing to the Company's trust account (the " Trust Account ") the lesser of (i) $60,000 for all public shares and (ii) $0.035 for each public share for each one-month extension. On August 26, 2024, the Company issued an unsecured promissory note of $60,000 (the " Note ") to I-Fa Chang, a member and manager of Aimfinity Investment LLC, the sponsor of the company (the " Sponsor "), as the Sponsor's designee, to evidence the payments made for $60,000 (the " New Monthly Extension Payment ") to the Trust Account for the public shareholders, which enables the Company to extend the period of time it has to consummate its initial business combination by one month from August 28, 2024 to September 28, 2024 (the " New Extension "). The New Extension is the fifth of the up to nine Monthly Extensions permitted under the amended Charter. The Note bears no interest and is payable in full upon the earlier to occur of (i) the consummation of the Company's business combination (the " Business Combination ") or (ii) the date of expiry of the term of the Company (the " Maturity Date "). The following shall constitute an event of default: (i) a failure to pay the principal within five business days of the Maturity Date; (ii) the com

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. The information disclosed under Item 2.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02 to the extent required herein. The Private Units (and the underlying securities) issuable upon conversion of the Note, if any, (1) may not, subject to certain limited exceptions, be transferable or salable by the Sponsor until the completion of the Company's initial Business Combination and (2) are entitled to registration rights.

01 Regulation

Item 7.01 Regulation FD Disclosure. On July 29, 2024, the Company issued a press release (the " Press Release ") announcing that the New Extension. A copy of the Press Release is furnished as Exhibit 99.1 hereto. The information in this Item 7.01 and Exhibit 99.1 hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act of 1934, both as amended, except as expressly set forth by specific reference in such filing. 1 IMPORTANT NOTICES Important Notice Regarding Forward-Looking As disclosed previously on the Current Report on Form 8-K filed on October 16, 2023, on October 13, 2023, AIMA entered into that certain Agreement and Plan of Merger (as may be amended, supplemented or otherwise modified from time to time, the " Merger Agreement "), with Docter Inc., a Delaware corporation (" Docter "), Aimfinity Investment Merger Sub I, a Cayman Islands exempted company and wholly-owned subsidiary of AIMA (" Purchaser "), and Aimfinity Investment Merger Sub II, Inc., a Delaware corporation and wholly-owned subsidiary of Purchaser (" Merger Sub "), pursuant to AIMA will enter into a business combination with Docter that involves a reincorporation merger and an acquisition merger. This Current Report on Form 8-K contains certain "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the pending transactions described above, and the parties' perspectives and expectations, are forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction, including the anticipated initial enterprise value and post-closing equ

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit No. Description 10.1 Promissory Note, dated August 27, 2024, issued by Aimfinity Investment Corp. I to I-Fa Chang 99.1 Press Release, dated August 27, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Aimfinity Investment Corp. I By: /s/ I-Fa Chang Name: I-Fa Chang Title: Chief Executive Officer Date: August 27, 2024 4

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View this 8-K filing on SEC EDGAR