UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): June
6, 2024 (June 5, 2024)
AIMFINITY INVESTMENT CORP. I
(Exact name of registrant as specified in its charter)
| Cayman Islands |
|
001-41361 |
|
N/A |
| (State or other jurisdiction |
|
(Commission File Number) |
|
(IRS Employer |
| of incorporation) |
|
|
|
Identification Number) |
|
221 W 9th St, PMB 235
Wilmington, Delaware 19801 |
| (Address of principal executive offices) |
(425) 365-2933
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed since last
report.)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☒ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act.
| Title of each class |
|
Trading Symbol |
|
Name of each exchange on which
registered |
| Units, consisting of one Class A ordinary share, $0.0001 par value, one Class 1 redeemable warrant and one-half of one Class 2 redeemable warrant |
|
AIMAU |
|
The Nasdaq Stock Market LLC |
| Class A ordinary shares, $0.0001 par value |
|
AIMA |
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The Nasdaq Stock Market LLC |
| Class 1 redeemable warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50 |
|
AIMAW |
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The Nasdaq Stock Market LLC |
| Class 2 redeemable warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50 |
|
AIMAW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an
emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark
if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01. Entry into
a Material Definitive Agreement.
As disclosed
previously on the Current Report on Form 8-K filed on October 16, 2023, on October 13, 2023, Aimfinity Investment Corp. I (“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 which AIMA will enter into a business combination
(the “Business Combination”) with Docter that involves a reincorporation merger and an acquisition merger. The Purchaser shall
survive the Business Combination and be referred as “PubCo” after the Business Combination.
On April
5, AIMA, Purchaser, Merger Sub and Docter entered into an amendment to the Merger Agreement (the “Amendment No. 1”) to modify
the composition of PubCo ’s board of directors upon and immediately following the completion of the Business Combination.
Before Amendment No. 1 was adopted, the Merger Agreement provides that,
upon and immediately following the closing of the Business Combination, PubCo’s board of directors shall consist of five (5) directors,
among which four (4) directors will be designated by Aimfinity Investment LLC, the sponsor of the AIMA’s initial public offering
(the “Sponsor”), until the second general meeting of shareholders of PubCo, and one (1) director will be designated by Docter
until the first general meeting of shareholders of PubCo
Pursuant
to the Amendment No. 1, upon and immediately following the closing of the Business Combination, PubCo’s board of directors shall
consist of five (5) directors, among which three (3) directors will be designated by Docter until the first general meeting of shareholders
of PubCo, and two (2) directors will be designated by the Sponsor until the second general meeting of shareholders of PubCo.
A copy
of the Amendment No.1 is attached to this Current Report on Form 8-K as Exhibit 2.1 and is incorporated herein by reference.
IMPORTANT NOTICES
Important Notice Regarding Forward-Looking Statements
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 Merger Agreement, with Docter, Purchaser, and Merger
Sub, pursuant to which 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 equity value, the benefits of the proposed transaction, integration
plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates
for growth, the expected management and governance of the combined company, and the expected timing of the transactions. The words “expect,”
“believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking
statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties,
assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause
the actual results to vary materially from those indicated or anticipated.
Such risks and uncertainties include, but are not
limited to: (i) risks related to the expected timing and likelihood of completion of the pending business combination, including the risk
that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as regulatory
approvals not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or refused to grant approval
for the consummation of the transaction or required certain conditions, limitations or restrictions in connection with such approvals;
(ii) risks related to the ability of AIMA and Docter to successfully integrate the businesses; (iii) the occurrence of any event, change
or other circumstances that could give rise to the termination of the applicable transaction agreements; (iv) the risk that there may
be a material adverse change with respect to the financial position, performance, operations or prospects of Docter or AIMA; (v) risks
related to disruption of management time from ongoing business operations due to the proposed transaction; (vi) the risk that any announcements
relating to the proposed transaction could have adverse effects on the market price of AIMA’s securities; (vii) the risk that the
proposed transaction and its announcement could have an adverse effect on the ability of Docter to retain customers and retain and hire
key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (viii):
risks relating to the medical device industry, including but not limited to governmental regulatory and enforcement changes, market competitions,
competitive product and pricing activity; and (ix) risks relating to the combined company’s ability to enhance its products and
services, execute its business strategy, expand its customer base and maintain stable relationship with its business partners. A further
list and description of risks and uncertainties can be found in the prospectus filed on April 26, 2022 relating to AIMA’s initial
public offering (the “IPO Prospectus”), the annual report of AIMA on Form 10-K for the fiscal year ended on December 31, 2023,
filed on April 12, 2024 (the “Annual Report”), and in the registration statement on Form S-4 or Form F-4/proxy statement that
will be filed with the SEC by Purchaser in connection with the proposed transactions, and other documents that the parties may file or
furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.
Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only
to the date they were made, and AIMA, Docter and their subsidiaries undertake no obligation to update forward-looking statements to reflect
events or circumstances after the date they were made except as required by law or applicable regulation.
Additional Information and Where to Find It
In connection with the transaction described herein,
Purchaser will file relevant materials with the SEC including the registration statement on Form S-4 or Form F-4 and a proxy statement
(the “Registration Statement”). The proxy statement and a proxy card will be mailed to shareholders as of a record
date to be established for voting at the stockholders’ meeting of AIMA shareholders relating to the proposed transactions. Shareholders
will also be able to obtain a copy of the Registration Statement and proxy statement without charge from AIMA. The Registration Statement
and proxy statement, once available, may also be obtained without charge at the SEC’s website at www.sec.gov. INVESTORS AND SECURITY
HOLDERS OF AIMA ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN
CONNECTION WITH THE TRANSACTIONS THAT AIMA WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT AIMA, THE COMPANY AND THE TRANSACTIONS DESCRIBED HEREIN.
Participants in Solicitation
AIMA, Docter, and their respective directors, executive
officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of AIMA’s
ordinary shares stock in respect of the proposed transaction. Information about AIMA’s directors and executive officers and their
ownership of AIMA ordinary shares is set forth in the IPO Prospectus and the Annual Report. Other information regarding the interests
of the participants in the proxy solicitation will be included in the proxy statement pertaining to the proposed transaction when it becomes
available. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This Current Report on Form 8-K is not a proxy statement
or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described above
and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of AIMA or Docter, nor shall there be any
sale of any such 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 such state or jurisdiction. No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Item 9.01 Financial Statements and Exhibits.
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.
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Aimfinity Investment Corp. I |
| |
|
| Date: June 6, 2024 |
By: |
/s/ I-Fa Chang |
| |
Name: |
I-Fa Chang |
| |
Title: |
Chief Executive Officer |
Exhibit 1.1
AMENDMENT NO. 1 TO THE
AGREEMENT AND PLAN OF MERGER
This
AMENDMENT NO. 1 TO THE AGREEMENT AND PLAN OF MERGER (this “Amendment”), dated as of June 5, 2024, by and among
Docter Inc., a Delaware corporation (the “Company”), Aimfinity Investment Corp. I, a Cayman Islands exempted company
(“Parent”), Aimfinity Investment Merger Sub I, a Cayman Islands exempted company and wholly-owned subsidiary of Parent
(“Purchaser”), and Aimfinity Investment Merger Sub II, Inc., a Delaware corporation and wholly-owned subsidiary of
Purchaser (“Merger Sub”). Capitalized terms not otherwise defined in this Amendment shall have the meaning given to
them in the Merger Agreement (as defined below).
W I T N E S S E T H:
WHEREAS,
Parent, Purchaser, Merger Sub, and the Company are parties to a certain Agreement and Plan of Merger dated as of October 13, 2023 (the
“Merger Agreement”); and
WHEREAS,
in accordance with the terms of Section 14.2 of the Merger Agreement, Parent, Purchaser, Merger Sub and the Company desire to amend the
Merger Agreement as set forth herein to modify the composition the PubCo’s board of directors upon and immediately following the
Effective Time.
NOW,
THEREFORE, in consideration of the foregoing and the respective covenants and agreements set forth below, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, Parent, Purchaser, Merger Sub and the Company agree as follows:
Section 1. Amendment
to the Merger Agreement. Section 3.3(a) of the Merger Agreement shall hereby be deleted in its entirety and replaced with the
following:
“3.3 Directors
and Officers.
(a)
Directors and Officers of the PubCo. Upon and immediately following the Effective Time, the PubCo’s board of directors shall consist
of five (5) directors. Sponsor shall have the right, but not the obligation, to designate, or cause to be designated, two (2) directors
until the second annual shareholder meeting of the PubCo that takes place after the Effective Time, and the Company shall have the right,
but not the obligation, to designate, or cause to be designated, the remaining three (3) directors to serve until the first annual shareholder
meeting of the PubCo that takes place after the Effective Time. Immediately after the Effective Time, the executive officers of Pubco
shall be the Persons mutually agreed by the Parent and the Company, provided that each of them shall enter into customary employment agreement
with PubCo prior to the Effective Time.”
Section 2. Effectiveness
of Amendment. Upon the execution and delivery hereof, the Merger Agreement shall thereupon be deemed to be amended as set forth herein
and with the same effect as if the amendment made hereby was originally set forth in the Merger Agreement, and this Amendment and the
Merger Agreement shall henceforth respectively be read, taken and construed as one and the same instrument, but such amendment shall not
operate so as to render invalid or improper any action heretofore taken under the Merger Agreement. Upon the effectiveness of this Amendment,
each reference in the Merger Agreement to “this Agreement,” “hereof,” “hereunder” or words of like
import referring to the Merger Agreement shall refer to the Merger Agreement as amended by this Amendment.
Section 3. General
Provisions.
(a) Miscellaneous.
This Amendment may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall
be considered one and the same agreement and shall become effective when counterparts have been signed by each of the parties hereto and
delivered to the other parties, it being understood that all parties need not sign the same counterpart. This Amendment may be executed
and delivered by facsimile or PDF transmission. The terms, agreements and provisions of Article XIV of the Merger Agreement shall apply
to this Amendment, as applicable.
(b) Merger
Agreement in Effect. Except as specifically and explicitly provided for in this Amendment, the Merger Agreement shall remain unmodified
and in full force and effect.
IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and year first above written.
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AIMFINITY INVESTMENT CORP. I |
| |
|
|
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By: |
/s/ I-Fa Chang |
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Name: |
I-Fa Chang |
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Title: |
Chief Executive Officer and Chairman |
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AIMFINITY INVESTMENT MERGER SUB I |
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|
|
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By: |
/s/ I-Fa Chang |
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Name: |
I-Fa Chang |
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Title: |
Director |
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AIMFINITY INVESTMENT MERGER SUB II, INC. |
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|
|
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By: |
/s/ I-Fa Chang |
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Name: |
I-Fa Chang |
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Title: |
Director |
IN WITNESS
WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the day and year first above written.
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DOCTER INC. |
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By: |
/s/ Hsin-Ming Huang |
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Name: |
Hsin-Ming Huang |
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Title: |
Chief Executive Officer |
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