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PSI Group Holdings (AIB Acquisition) Priced, Nasdaq: PSIG

Blank check company led by the CEO of American International Bank targeting fintech (completed 7/18/2024).

Industry: SPAC

Latest Trade: $0.51 0.00 (0.0%)

First Day Return: -0.3%

Return from IPO: -94.9%

Industry: SPAC

We are a newly formed blank check company. While we may pursue a business combination target in any business, industry or geographical location, we intend to focus our search on businesses in the fintech industry. Notwithstanding the foregoing, we will not pursue a target business that is headquartered in, or conducts a majority of its business in, China or Hong Kong. We believe that we will add value to these businesses primarily by providing them with access to the U.S. capital markets. We will seek to capitalize on the significant financial services, financial technology and banking experience and contacts of Eric Chen, our Chief Executive Officer and Chief Financial Officer and Axel Hoerger, our Chairman of the Board, to identify, evaluate and acquire a target business. Both Mr. Chen and Mr. Hoerger have extensive experience in the financial services industry, in particular, the financial technology-vertical, as well as extensive experience in operating public and private companies in the financial services industry. Our team brings significant investment acumen and strong global and local personal networks. Mr. Chen, with over twenty years of experience in financial services and financial technology sectors, is the co-founder/CEO of American International Bank LLC (“AIB”) licensed in both Puerto Rico and in New York, NY. AIB is a private bank focusing on Ultra-High-Net-Worth Individuals (“UHNWI”) around the world but mainly from Asia.
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IPO Data
IPO File Date 10/29/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 7.5
Deal Size ($mm) $75
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 01/18/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 7.5
Deal Size ($mm) $75
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters New York, NY, United States
Founded 2021
Employees at IPO 2

PSI Group Holdings (AIB Acquisition) (PSIG) Performance