Aimfinity Investment Corp. I(AIMAU)

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Aimfinity Investment Corp. I(AIMAU) - 2024 Q1 - Quarterly Report
2024-05-13 22:03
IPO and Funding - The company completed its IPO on April 28, 2022, raising gross proceeds of $80.5 million from the sale of 8,050,000 units at $10.00 per unit [115]. - A total of $82.11 million from the IPO and private placement was deposited into a trust account for the benefit of public shareholders [115]. - The company incurred $5,117,607 in transaction costs related to the IPO, including $1,610,000 in underwriting fees and $2,817,500 in deferred underwriting fees [143]. - The company issued a promissory note to I-Fa Chang for up to $500,000 for working capital, which is non-interest bearing and unsecured [139]. Business Combination - On October 13, 2023, the company entered into a Business Combination Agreement with Docter Inc., which will result in the company being merged into a publicly traded entity [118]. - The Business Combination will involve the issuance of 6 million PubCo Ordinary Shares, valued at $60 million, to the Pre-Closing Target Stockholders [120]. - An additional 2.5 million Earnout Shares may be issued based on sales performance, with 1 million shares contingent on selling at least 30,000 devices in fiscal year 2024 [121]. - The company plans to continue evaluating acquisition candidates and preparing for the consummation of its initial business combination [117]. Financial Performance - For the three months ended March 31, 2024, the company reported a net income of $438,864, consisting of interest income of $568,384 on investments held in the Trust Account, offset by operating costs of $129,520 [142]. - As of March 31, 2024, the company held $44,618,047 in the Trust Account, which is invested in money market funds and U.S. Treasury Securities [144]. - The company has drawn $816,437 of working capital as of March 31, 2024, with a working capital deficiency of $2,041,465 [150]. - The company has not generated any revenues to date and does not expect to do so until after the completion of its Initial Business Combination [141]. Operational Concerns - The company has incurred losses since inception and currently has no revenue, relying on the sale of securities and loans for funding [117]. - Management has raised substantial doubt about the company's ability to continue as a going concern if it cannot complete an Initial Business Combination by the Combination Deadline [152]. - The company has the right to withdraw interest from the Trust Account to pay taxes, if any [144]. - The company has no off-balance sheet financing arrangements as of March 31, 2024 [153]. - The company has the option to convert working capital loans into Private Placement Units at a conversion price of $10.00 per unit [135]. Extensions and Deadlines - The company has extended its Combination Deadline to April 28, 2024, by depositing $765,000 for nine one-month extensions [122]. - The New MA allows for further extensions up to January 28, 2025, with a reduced monthly extension payment of $60,000 [123]. - As of the report date, 860,884 Public Shares were tendered for redemption, leaving 3,604,998 Class A ordinary shares remaining [125].
Aimfinity Investment Corp. I(AIMAU) - 2023 Q4 - Annual Report
2024-04-12 20:56
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, 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: 001-41361 AIMFINITY INVESTMENT CORP. I (Exact name of registrant as specified in its charter) | --- | --- | |---- ...
Aimfinity Investment Corp. I(AIMAU) - 2023 Q3 - Quarterly Report
2023-11-13 17:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 The Nasdaq Stock Market LLC Class 1 redeemable warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50 ...
Aimfinity Investment Corp. I(AIMAU) - 2023 Q2 - Quarterly Report
2023-08-14 12:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ 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 001-41361 AIMFINITY INVESTMENT CORP. I (Exact name of registrant as specified in its charter) Cayman Islands 98-1641561 (State or oth ...
Aimfinity Investment Corp. I(AIMAU) - 2023 Q1 - Quarterly Report
2023-05-22 10:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | --- | --- | --- | |---------------------------|------------------|------------------------------------------| | | | | | | | Name of each exchange on which | | Title of each class | Trading Symbol | registered | FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1 ...
Aimfinity Investment Corp. I(AIMAU) - 2022 Q4 - Annual Report
2023-04-17 21:03
Table of Contents Title of each classTrading SymbolName 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 The Nasdaq Stock Market LLC 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 EXCH ...
Aimfinity Investment Corp. I(AIMAU) - 2022 Q3 - Quarterly Report
2022-11-14 21:33
FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended September 30, 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 001-41361 AIMFINITY INVESTMENT CORP. I (Exact name of registrant as specified in its charter) Cayman Islands 98-1641561 (State or ...
Aimfinity Investment Corp. I(AIMAU) - 2022 Q2 - Quarterly Report
2022-08-12 20:32
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 001-41361 AIMFINITY INVESTMENT CORP. I (Exact name of registrant as specified in its charter) Cayman Islands 98-1641561 (State or other ...
Aimfinity Investment Corp. I(AIMAU) - 2022 Q1 - Quarterly Report
2022-06-09 20:22
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Table of Contents ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Cayman Islands 98-1641561 (State or other jurisdiction of incorporation or organization) AIMFINITY INVESTMENT CORP. I (Former name, former address and former fiscal year, if changed since las ...