Aimfinity Investment I, a blank check company targeting the technology sector, raised $70 million by offering 7 million units at $10. Each unit consists of one share of common stock, one Class 1 warrant, and one-half of a Class 2 warrant, exercisable at $11.50. The Class 1 warrants will trade separately after 52 days, while the Class 2 warrants will not trade separately until after the business combination, and will expire upon redemption of the ordinary share.
Aimfinity Investment I is led by CEO and Director George Cao, the founder and CEO AscendEX, a digital asset trading platform, as well as a number of other tech ventures; and CFO Nicholas Torres, who serves as the Controller of AscendEX, and has previous financial experience at Bloomberg and Goldman Sachs.
Aimfinity Investment I plans to list on the Nasdaq under the symbol AIMAU. Tiger Brokers and EF Hutton acted as joint bookrunners on the deal.
