AIB Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights Commencing February 23, 2022
February 22 2022 - 4:05PM
AIB Acquisition Corporation (NASDAQ: AIBBU) (the “Company”)
today announced that, commencing February 23, 2022, holders of the
units sold in the Company’s initial public offering of 8,625,000
units completed on January 21, 2022, may elect to separately trade
the Company’s Class A ordinary shares (“Class A Ordinary
Shares”) and rights included in the units. No fractional rights
will be issued upon separation of the units and only whole rights
will trade. Class A Ordinary Shares and rights that are
separated will trade on the Nasdaq Global Market under the symbols
“AIB” and “AIBBR,” respectively. Those units not separated will
continue to trade on the NASDAQ Global Market under the symbol
“AIBBU.”This press release shall not constitute an offer to sell or
the solicitation of an offer to buy the securities of the Company,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About AIB Acquisition
Corporation
AIB Acquisition Corporation is a newly
incorporated blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses.
Forward-Looking Statements
This press release may include, and oral
statements made from time to time by representatives of the Company
may include, “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as
amended. Statements regarding possible business combinations and
the financing thereof, and related matters, as well as all other
statements other than statements of historical fact included in
this press release are forward-looking statements. When used in
this press release, words such as “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,”
“might,” “plan,” “possible,” “potential,” “predict,” “project,”
“should,” “would” and similar expressions, as they relate to us or
our management team, identify forward-looking statements. Such
forward-looking statements are based on the beliefs of management,
as well as assumptions made by, and information currently available
to, the Company’s management. Actual results could differ
materially from those contemplated by the forward-looking
statements as a result of certain factors detailed in the Company’s
filings with the Securities and Exchange Commission (“SEC”). All
subsequent written or oral forward-looking statements attributable
to us or persons acting on our behalf are qualified in their
entirety by this paragraph. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and prospectus for the
Company’s initial public offering filed with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Company Contact: Eric ChenChief Executive
OfficerEmail: Eric.Chen@aibspac.comTelephone: (212) 380-8128
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