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AIB Acquisition Corp (OQ:AIB)

Business Focus: Shell Companies

Sector:  Financials Industry:  Holding Companies
 
Company Contact
Address: 875 3rd Avenue, Suite M204a
NEW YORK NY 10022
Tel: 1-787-5239000
Website: https://www.aibspac.com
IR: See website
Key People
Axel Hoerger
Chairman of the Board
Eric Chen
Chief Executive Officer, Director
Jie Gao
Chief Financial Officer
Business Overview
AIB Acquisition Corporation is a blank check company. The Company is 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. The Company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination. The Company intend to focus its search on fintech industry. The Company has not commenced any operations nor generated any revenue.
Financial Overview
For the fiscal year ended 31 December 2023, AIB Acquisition Corp revenues was not reported. Net loss totaled $733K vs. income of $588K. Net loss reflects Interest Income - Non Bank decrease of 49% to $699K (income), General and administrative expenses increase of 74% to $1.4M (expense), FV Adjustments of Financial Investments decrease from $30K (income) to $0K.