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Wilmington, Delaware, July 27, 2023 (GLOBE NEWSWIRE) -- Aimfinity Investment Corp. I (NASDAQ: AIMAU) (the “Company”), a blank check company incorporated as a Cayman Islands exempted company, today announced it held an extraordinary general meeting of the shareholders (the “Extraordinary General Meeting”) and obtained the shareholders’ approval for the proposals.
At the Extraordinary General Meeting, the shareholders of the Company approved, by special resolution, to amend the Company’s Amended and Restated Memorandum and Articles of Association (the “Charter”) to allow the Company until July 28, 2023 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, for a total of up to nine months to April 28, 2024, by depositing to the Company’s trust account (the “Trust Account”) the lesser of (i) $85,000 for all public shares and (ii) $0.04 for each public share for each one-month extension (each such deposit, a “Monthly Extension Payment”).
Pursuant to the shareholders’ approval, the Company may extend on monthly basis from July 28, 2023 until April 28, 2024 or such an earlier date as may be requested by the sponsor of the Company, Aimfinity Investment LLC (the "Sponsor"), and authorized by its board, to complete a business combination by depositing the Monthly Extension Payment for each month into the Trust Account.
Mr. I-Fa Chang, the sole member and manager of the Sponsor, as the designee of the Sponsor, deposited an aggregate of $85,000 into the Trust Account on July 27, 2023. As a result, the Company extended the deadline that it must complete its initial business combination from July 28, 2023 to August 28, 2023.
About Aimfinity Investment Corp. I
Aimfinity Investment Corp. I is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company has not selected any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with it. While the Company will not be limited to a particular industry or geographic region in its identification and acquisition of a target company, it will not complete its initial business combination with a target that is headquartered in China (including Hong Kong and Macau) or conducts a majority of its business in China (including Hong Kong and Macau).