PS International Completes Business Combination with AIB Acquisition Corp.
Ticker: PSIG · Form: 6-K · Filed: Jul 19, 2024 · CIK: 1997201
Sentiment: bullish
Topics: business-combination, spac, listing, nasdaq
TL;DR
PS International & AIB Acquisition Corp. are officially combined, shares set for Nasdaq debut.
AI Summary
PS International Group Ltd. announced on July 18, 2024, the completion of its business combination with AIB Acquisition Corporation. This event paves the way for the company's ordinary shares to begin trading on the Nasdaq stock exchange.
Why It Matters
The completion of this business combination is a significant step for PS International Group Ltd., potentially leading to increased visibility and access to capital through its planned Nasdaq listing.
Risk Assessment
Risk Level: medium — The risk level is medium due to the inherent uncertainties associated with a business combination and a new stock exchange listing.
Key Players & Entities
- PS International Group Ltd. (company) — Registrant
- AIB Acquisition Corporation (company) — Acquisition Target
- Nasdaq (company) — Stock Exchange
- July 18, 2024 (date) — Announcement Date
FAQ
What is the primary purpose of this Form 6-K filing?
This Form 6-K filing is to report the completion of PS International Group Ltd.'s business combination with AIB Acquisition Corporation and the subsequent planned trading of its ordinary shares on Nasdaq.
When was the business combination between PS International Group Ltd. and AIB Acquisition Corporation completed?
The business combination was completed on July 18, 2024.
Where will PS International Group Ltd.'s ordinary shares be traded following the business combination?
PS International Group Ltd.'s ordinary shares are planned to be traded on the Nasdaq stock exchange.
What is the filing number for PS International Group Ltd.'s Form 6-K?
The commission file number for PS International Group Ltd. is 001-42182.
Does PS International Group Ltd. file annual reports under Form 20-F or Form 40-F?
PS International Group Ltd. files annual reports under Form 20-F, as indicated by the checkmark next to 'Form 20-F'.
Filing Stats: 249 words · 1 min read · ~1 pages · Grade level 10.9 · Accepted 2024-07-19 06:21:30
Filing Documents
- ea0209494-6k_psinternational.htm (6-K) — 15KB
- ea020949401ex99-1_psinter.htm (EX-99.1) — 20KB
- 0001213900-24-062727.txt ( ) — 37KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of July 2024 Commission File Number: 001-42182 PS International Group Ltd. Unit 1002, 10/F Join-in Hang Sing Centre No.2-16 Kwai Fung Crescent, Kwai Chung New Territories, Hong Kong (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Announcement of Completion of its Business Combination with AIB Acquisition Corporation and Planned Trading of Ordinary Shares on Nasdaq On July 18, 2024, PS International Group Ltd. (the “ Company ”) issued a press release announcing the completion of its business combination with AIB Acquisition Corporation, and that the ordinary shares of the Company are expected to commence trading on Nasdaq Stock Market on July 19, 2024. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 6-K and is incorporated by reference herein. 1 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated July 18, 2024 2 Signature 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, thereunto duly authorized. PS International Group Ltd. By: /s/ Yee Kit Chan Name: Yee Kit Chan Title: Director Date: July 19, 2024 3