- PSI to Debut on Nasdaq on July 19, 2024 - PSI Ordinary Shares to Trade Under Ticker "PSIG" NEW YORK and HONG KONG, July 18, 2024 (GLOBE NEWSWIRE) -- PS International Group Ltd. (together with PSI Group Holdings Ltd and its operating subsidiaries, "PSI" or the "Company"), a longestablished global logistics service provider headquartered in Hong Kong specialized in cross-border air freight services, and AIB Acquisition Corporation (NASDAQ:AIB) ("AIB"), a special purpose acquisition company, today announced ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A Ordinary Share and one Right to receive one-tenth (1/10) of one Class A Ordinary Share upon the consummation of an initial business combination AIBBU The Nasdaq Stock Market LLC Class A Ordinary Shares, par value $0.0001 per share AIB The Nasdaq Stock Market LLC Rights, every ten (10) rights entitles the holder to receiv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41230 AIB ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) | Cayman Islands | N/A | | --- | --- | | (State or ot ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41230 AIB ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands NA (State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41230 AIB ACQUISITION CORPORATION | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | -- ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Commission File No. 001-41071 AIB ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands NA (State or other jurisdic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41230 AIB ACQUISITION CORPORATION (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdictio ...

Financial Performance - The company reported a net income of $289,067 for the three months ended September 30, 2022, compared to a loss of $1,939 for the same period in 2021[12]. - Basic and diluted net income per share for Class A redeemable shares was $0.04 for the three months ended September 30, 2022, compared to a loss of $1.25 for the same period in 2021[12]. - The company reported a net loss of $3,264,741 for the nine months ended September 30, 2022, with a basic and diluted net income (loss) per share of $0.41 for Class A shares and $(1.25) for Class B shares[63]. - For the three months ended September 30, 2022, the net loss was $328,872, resulting in a basic and diluted net income (loss) per share of $0.04 for Class A shares and $(0.02) for Class B shares[62]. - The company recorded a net income of $289,067 for the three months ended September 30, 2022, compared to a net loss of $1,939 for the same period in 2021[145]. - The net income for the nine months ended September 30, 2022, was reported at $3,264,741, with a basic and diluted net income per share of $0.41[196]. Assets and Liabilities - Total current assets increased to $226,802,000 as of September 30, 2022, compared to $45,370,000 as of December 31, 2021, representing a significant growth[9]. - Total current liabilities decreased to $58,733,000 from $320,394,000, indicating improved financial stability[10]. - Total liabilities, redeemable Class A ordinary shares, and shareholders' (deficit) equity amounted to $87,951,688 as of September 30, 2022, compared to $322,117 at the end of 2021[10]. - The accumulated deficit increased to $(2,846,002) as of September 30, 2022, from $(23,277) as of December 31, 2021, reflecting ongoing operational challenges[10]. - AIB Acquisition Corporation's total shareholders' equity showed a deficit of $(2,845,740) as of September 30, 2022, compared to a positive equity of $1,723 at the end of 2021[143]. Cash and Liquidity - The company had cash reserves of $127,791,000 as of September 30, 2022, up from $45,370,000 at the end of 2021, indicating a stronger liquidity position[9]. - As of September 30, 2022, the Company had $127,791 in its operating bank account and working capital of $168,069[39]. - The Company had $127,791 in cash and no cash equivalents as of September 30, 2022, compared to $45,370 in cash as of December 31, 2021[49]. - The company reported a net cash used in operating activities of $(627,294) for the period ended September 30, 2022[151]. - The funds in the Trust Account have been held only in U.S. government treasury obligations or money market funds, which may yield minimal interest, impacting the amount public shareholders receive upon redemption or liquidation[120]. Initial Public Offering (IPO) - The proceeds from the initial public offering (IPO) generated gross proceeds of $75,000,000 from the sale of 7,500,000 units at $10.00 per unit[22]. - The Company raised an additional $3,550,000 from the sale of 355,000 private placement units at $10.00 per unit[23]. - Offering costs for the IPO and overallotment units totaled $5,941,695, including $3,018,750 of deferred underwriting fees payable[24]. - The Company sold 8,625,000 Units at a price of $10.00 per Unit during the IPO, generating gross proceeds of $86,250,000[67]. - The total offering costs for the IPO and Overallotment Units amounted to $5,941,695, including $1,725,000 in underwriting fees[157]. Business Operations and Strategy - As of September 30, 2022, the Company had not commenced any operations and will not generate operating revenues until after completing a business combination[22]. - The Company intends to focus on business in the fintech industry but will not pursue targets based in China or Hong Kong[21]. - The Company must complete a business combination with an aggregate fair market value of at least 80% of the assets held in the Trust Account[26]. - If the Company fails to complete a business combination by January 21, 2023, it will redeem public shares at a price equal to the amount in the Trust Account[33]. - The Company has broad discretion regarding the application of net proceeds from the IPO and private placement, primarily aimed at consummating a business combination[26]. Risks and Uncertainties - The Company has 12 months from the closing of the Initial Public Offering on January 21, 2022, to consummate a Business Combination, raising substantial doubt about its ability to continue as a going concern if not completed[42]. - If a Business Combination is not consummated by the deadline, there will be a mandatory liquidation and potential dissolution, raising substantial doubt about the company's ability to continue as a going concern for at least one year[105]. - Management has determined that the potential for mandatory liquidation raises substantial doubt about the Company's ability to continue as a going concern for one year from the issuance of the financial statements[175]. - The company may need to obtain additional financing to complete its business combination or to meet obligations if cash on hand is insufficient[41]. - The company may face limitations in completing a Business Combination due to regulatory approvals required for certain target companies, which could extend the review process beyond the necessary timeframe[123]. Shareholder Information - The Class A ordinary shares are subject to possible redemption at a value of $10.17 per share, with 8,625,000 shares eligible for redemption as of September 30, 2022[143]. - Public Shareholders can redeem their shares for a pro rata portion of the Trust Account, initially anticipated at $10.10 per share, plus any pro rata interest[161]. - The Initial Shareholders have waived their liquidation rights regarding Founder Shares if a Business Combination is not completed within the Combination Period[167]. - Redemptions of Public Shares may be subject to conditions, including minimum cash conditions related to the Business Combination[163]. Management and Governance - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements[178]. - The company is evaluating the benefits of relying on reduced reporting requirements under the JOBS Act, which may exempt it from certain disclosures for up to five years[107]. - The company’s Chief Executive Officer holds approximately 65% interest in the Sponsor, which may classify the company as a "foreign person" under CFIUS rules, potentially affecting its ability to consummate transactions[124]. Miscellaneous - The company adopted ASU 2020-06 on June 18, 2021, which simplifies accounting for convertible instruments, but did not impact its financial position or results of operations[111]. - The Sponsor has agreed to loan the Company up to $300,000 for IPO-related expenses, which was repaid in full on January 21, 2022[74]. - The Company incurred $30,000 and $84,000 in fees for administrative services for the three and nine months ended September 30, 2022, respectively[73].