WILMINGTON, Del., May 27, 2025 (GLOBE NEWSWIRE) -- In a move aiming to change the construction materials distribution landscape, nexxbuild is thrilled to announce its strategic merger (the "Merger") with Investcorp Europe Acquisition Corp I (IVCBF:US) ("IVCB"). This partnership signifies a step in nexxbuild's mission to unify independent local distributors under a cohesive nationwide platform, enhancing their service capabilities and expanding their market reach. "Today marks the beginning of an exciting fu ...

Financial Performance - For the three months ended September 30, 2024, the company reported a net income of $33,435,070, primarily due to a $30,000,000 income related to the termination of the Business Combination Agreement[191]. - For the nine months ended September 30, 2024, the company had a net income of $37,091,762, which included $30,000,000 from the termination of the Business Combination Agreement and $3,835,521 in interest income on cash held in the Trust Account[191]. - The company experienced a net loss of $1,707,201 for the three months ended September 30, 2023, with a significant loss of $3,292,000 on the change in fair value of warrant liabilities[192]. Trust Account and Financing - As of September 30, 2024, the company had $107,909,011 remaining in the Trust Account after shareholders exercised their right of redemption totaling $268,092,426[198]. - The company received a Termination Amount of $30 million from the terminated Business Combination Agreement, distributing $0.60 per Class A Ordinary Share to shareholders[189]. - For the nine months ended September 30, 2024, the company utilized $22,292,454 in financing activities, primarily for payments made to shareholders for redemption[195]. - The company has available $10,633,602 of proceeds held outside the Trust Account as of September 30, 2024, to identify and evaluate target businesses[200]. - The net proceeds from the IPO and Private Placement Warrants amounted to $351,900,000, held in the Trust Account, after deducting offering expenses and underwriting commissions[198]. - The company has entered into multiple non-interest bearing loans totaling up to $7,200,000 to provide additional working capital and fund Extension Contributions into the Trust Account[203]. - As of September 30, 2024, the total amount outstanding under the Loans was $6,900,000, an increase from $4,750,000 as of December 31, 2023[204]. - Approximately $24.4 million was withdrawn from the Trust Account to fund the redemption of 2,159,610 Class A ordinary shares at a price of $11.32 per share[205]. - The maximum aggregate Extension Contributions to the Trust Account shall not exceed $900,000 based on up to six monthly contributions[204]. Business Combination and Future Outlook - The Company held a Third Extraordinary General Meeting on May 21, 2024, where shareholders approved an extension of the initial Business Combination deadline from June 17, 2024, to December 17, 2024[205]. - The Company expects to incur significant expenses related to legal, accounting, and other costs associated with the Business Combination[206]. - Management has raised substantial doubt about the Company's ability to continue as a going concern if the Business Combination is not consummated[209]. - Various economic factors, including inflation and geopolitical instability, may adversely affect the Company's results of operations and ability to complete the Business Combination[227]. Risk and Compliance - The Company has no off-balance sheet arrangements as of September 30, 2024[212]. - The deferred underwriting fees accrued as of December 31, 2023, were $12,075,000, which was reversed following the resignation of an underwriter and termination of the Business Combination[216][215]. - As of September 30, 2024, the company was not subject to any material market or interest rate risk[228]. - The net proceeds from the IPO and Private Placement were invested in U.S. government treasury obligations with a maturity of 185 days or less or in money market funds[228]. - Prior to December 14, 2023, funds in the Trust Account were held only in U.S. government treasury obligations or money market funds[229]. - On December 14, 2023, the company instructed to liquidate U.S. government treasury obligations and hold all funds in cash in an interest-bearing account[229]. - The company has not engaged in any hedging activities since inception and does not expect to do so in the future[232]. - Due to the short-term nature of investments, there was no material exposure to interest rate risk[230]. Accounting and Disclosure - The Company plans to adopt ASU No. 2023-09 for the fiscal year beginning January 1, 2025, which will enhance income tax disclosures[225].

Financial Performance - For the three months ended June 30, 2024, the company reported a net loss of $899,833, which included a $1,273,750 loss on the change in fair value of warrant liabilities and $3,355,845 in formation and operating costs[143]. - For the six months ended June 30, 2024, the company had a net income of $3,656,692, driven by $2,685,613 in interest income on cash held in the Trust Account and a $5,320,000 gain on the fair value of warrant liabilities[143]. - The company has not generated any operating revenues to date and will only do so after the completion of its initial business combination[142]. Trust Account and Liquidity - As of June 30, 2024, the company had $106,759,103 remaining in the Trust Account after shareholders exercised their right of redemption amounting to $268,092,426[148]. - The company intends to utilize substantially all funds held in the Trust Account to complete its initial business combination, with potential withdrawals for tax obligations[148]. - The company has available $182,038 of proceeds held outside the Trust Account for operational needs and due diligence activities[149]. - Future liquidity requirements include legal, accounting, and due diligence expenses related to the Business Combination, as well as general working capital for miscellaneous expenses[157]. Loans and Financing - The total amount outstanding under loans was $6,450,000 as of June 30, 2024, reflecting the company's reliance on financing to support operations and business combination efforts[154]. - The company entered into multiple non-interest bearing loans totaling up to $6,450,000 to fund extension contributions and working capital needs[153]. - The company anticipates that any loans from its Sponsor or affiliates may be convertible into private placement warrants at a price of $1.00 per warrant[151]. Business Combination and Shareholder Actions - On May 21, 2024, shareholders approved an extension of the Business Combination deadline from June 17, 2024, to December 17, 2024, with 2,159,610 Class A ordinary shares redeemed at a price of $11.32 per share, totaling approximately $24.4 million withdrawn from the Trust Account[156]. - If the Business Combination is not completed by the end of the period, the company will undergo automatic winding up and liquidation, raising substantial doubt about its ability to continue as a going concern[159]. Advisory and Fees - The underwriter is entitled to a deferred fee of $0.35 per Unit, totaling $12,075,000, payable only upon successful completion of the Business Combination[167]. - The company entered into an advisory agreement with a third-party consultant, with a potential advisory fee of $3,000,000 payable upon consummation of the Business Combination[169]. Risk Management and Compliance - The company is evaluating the impact of adopting ASU No. 2023-09 on its financial position and disclosures, effective for annual periods beginning after December 15, 2024[177]. - The company is not subject to material market or interest rate risk as of June 30, 2024, with IPO proceeds invested in U.S. government treasury obligations[180]. - Prior to December 14, 2023, funds in the Trust Account were held in U.S. government treasury obligations or money market funds to mitigate the risk of being deemed an unregistered investment company[181]. - The company entered into an amendment to the Trust Agreement on December 14, 2023, allowing investment of funds in the Trust Account into an interest-bearing account[182]. - The company has not engaged in any hedging activities since inception and does not expect to do so regarding market risk exposure[182]. - The short-term nature of investments indicates no material exposure to interest rate risk[182].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2024 ☐ 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 001-41161 Investcorp Europe Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Islands ...

For the fiscal year ended December 31, 2023 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 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 001-41161 Investcorp Europe Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 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 001-41161 Investcorp Europe Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Isl ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO 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 001-41161 Investcorp Europe Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Islands ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the transition period from to Commission File Number 001-41161 Investcorp Europe Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Islands N/A (State or other jurisdiction of incorporation) Century Yard, Cricket Square Elgin Avenue P.O. Box 1111, George Town Grand Cayman, Cayman Islands KY1-1102 (Address of principal executive offices) (Zip Code) (IRS Employer Ide ...

Table of Contents 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, 2022 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 001-41161 Investcorp Europe Acquisition Corp I (Exact name of registrant as specified in its charter) Cayman Islands N/ ...

Financial Position - As of September 30, 2022, the company had cash of $578,466 and net proceeds from the IPO and private placement warrants amounted to $351,900,000 after deducting offering expenses and underwriting commissions[103][108]. - The company has available approximately $578,466 of proceeds held outside the trust account for identifying and evaluating target businesses[110]. - The underwriter is entitled to a deferred fee of $12,075,000, which will be payable only if the company completes a business combination[121]. Income and Expenses - For the three months ended September 30, 2022, the company reported a net income of $2,794,665, driven by a $2,067,000 gain on the fair value of warrant liabilities and $1,588,336 in interest income[105]. - The company incurred $860,671 in formation and operating costs for the same period, while for the nine months ended September 30, 2022, total net income was $23,929,062[105]. - The company has not engaged in any operations or generated revenues to date, with only non-operating income from interest on cash and cash equivalents[104]. Business Combination and Financing - The company intends to use substantially all funds held in the trust account to complete its initial business combination, with the remaining proceeds allocated for working capital[109]. - The company may need to obtain additional financing to complete its initial business combination if cash requirements exceed available funds in the trust account[114]. - The company expects future liquidity requirements to include legal, accounting, and due diligence expenses associated with structuring and negotiating business combinations[112]. Risk and Controls - As of September 30, 2022, the company was not subject to any material market or interest rate risk, with investments in U.S. government treasury obligations and money market funds[128]. - The company has not engaged in any hedging activities since inception and does not expect to do so in the future[129]. - Disclosure controls and procedures were evaluated as effective as of September 30, 2022, by the company's Certifying Officers[130]. - There were no changes in internal control over financial reporting during the most recent fiscal quarter that materially affected internal controls[133]. - The company has considered all new accounting pronouncements and found no that may materially impact its results of operations or financial condition[126]. - The company is currently evaluating the effect of ASU No. 2020-06 on its financial position, which is effective January 1, 2024 for smaller reporting companies[125]. Growth and Reporting - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[122]. - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act, which may exempt it from certain disclosures for five years post-IPO[123]. Economic Factors - There are various factors that may adversely affect the company's results, including economic downturns, inflation, and geopolitical instability[127].