UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~March~~May 147, 2024

AIB Acquisition Corporation

(Exact name of registrant as specified in its charter)

Cayman Islands		001-41230		N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

875 Third Avenue, Suite M204A

New York, NY 10022

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (212) 380-8128

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered

Units, each consisting of one Class A Ordinary Share and one Right to receive one-tenth (1/10) of one Class A Ordinary Share upon the consummation of an initial business combination	AIBBU	The Nasdaq Stock Market LLC

Class A Ordinary Shares, par value $0.0001 per share	AIB	The Nasdaq Stock Market LLC

Rights, every ten (10) rights entitle the holder to receive one Class A Ordinary Share upon the consummation of an initial business combination	AIBBR	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On ~~March~~May 147, 2024, AIB Acquisition Corporation (the “Company” or “we”) received a written ~~decision~~notice (the “Notice Letter”) from the ~~Hearing~~Nasdaq Hearings Panel (the “Panel”) ofindicating that the Panel had determined to delist our securities from The Nasdaq Stock ~~Market~~ Market LLC (“Nasdaq”) ~~indicating~~and itthat ~~has granted~~ trading in our securities would be suspended at the ~~Company’s~~open ~~request~~of ~~for~~trading ~~continued~~on ~~listing~~May 9, ~~subject~~2024, due to ~~certain~~our failure ~~conditions~~to satisfy the terms of the Panel’s March 14, ~~including~~2024 ~~that~~decision (ithe “Decision”). onPursuant orto ~~before~~the ~~May~~terms 1of the Decision, amongst ~~2024~~other things, ~~the~~we ~~Company~~were ~~advises~~required to (i) advise the Panel regarding the status of the review by the U.S. Securities and Exchange Commission ~~(the “SEC”)~~ of the proxy statement/prospectus to be filed in connection with the Company’s initial business combination, ~~(ii)~~ on or before May 151, 2024, ~~the~~(ii) ~~Company~~hold ~~holds~~ a shareholder meeting and obtain approval for completion of ~~its~~our initial business combination; on or before May 15, 2024, and (iii) close our initial business combination, with the new entity demonstrating compliance with the initial listing criteria set forth in Nasdaq Listing Rule 5500 on or before May 20, 2024. On May 1, 2024, we notified the ~~Company~~Panel ~~closes~~that ~~its~~we would not be able to close our initial business combination ~~and~~by the Panel’s May 20, 2024 deadline. Accordingly, the Panel determined to delist our securities ~~new~~from ~~entity~~Nasdaq ~~demonstrates~~as ~~compliance~~set ~~with~~forth ~~Listing~~in ~~Rule~~the ~~5505~~Notice Letter.

~~As previously~~Following ~~disclosed,~~suspension ~~the~~of ~~Company~~trading ~~originally received two deficiency letters from the Nasdaq Listing Qualification Department (the “Staff”)~~ on ~~May 11~~ Nasdaq, ~~2023, notifying~~ the Company ~~that, for the preceding 30 consecutive business days, the Company~~’s ~~Market~~units, ~~Value~~ordinary ofshares ~~Listed Securities~~and ~~(“MVLS”)~~rights ~~was~~will ~~below~~be ~~the~~eligible ~~$50 million~~to ~~minimum~~trade ~~requirement for continued inclusion~~ on ~~The Nasdaq Global Market in contravention of Nasdaq Listing Rule 5450(b)(2)(A) (~~the ~~“MVLS~~OTC ~~Requirement”)~~Markets ~~and~~under the ~~Company’s~~tickers ~~Market Value of Publicly Held Shares (~~“~~MVPHS~~AIBBU,”~~) was below the $15 million minimum requirement for continued inclusion on The Nasdaq Global Market~~ ~~in contravention of Nasdaq Listing Rule 5450(b)(3)(C) (the~~ “~~MVPHS Requirement~~AIB,”). Onand ~~September 25~~“AIBBR,” ~~2023,~~respectively. ~~the~~Nasdaq ~~Company~~will ~~received an~~complete ~~additional deficiency letter from~~ the ~~Staff~~delisting ~~notifying~~by ~~the~~filing ~~Company~~a ~~that~~Notification ~~the~~of ~~Company’s~~Removal ~~public holders were below the 400 public~~from ~~holder~~Listing ~~requirement~~and/or ~~for~~Registration ~~continued~~under ~~inclusion~~Section ~~on The Nasdaq Global Market in contravention of Nasdaq Listing Rule 5450~~12(ab)~~(2).~~ ~~Thereafter, on~~of ~~November 22, 2023,~~ the ~~Company~~Securities ~~received~~and ~~notice~~Exchange ~~from~~Act ~~the~~of ~~Staff~~1934 ~~that,~~on ~~since~~Form ~~the~~25 ~~Company had not regained compliance~~ with ~~either of~~ the ~~MVLS~~ ~~Requirement~~Securities orand ~~the MVPHS Requirement, it was subject to delisting from Nasdaq unless the Company timely requested a hearing before~~Exchange ~~the~~Commission ~~Panel.~~after ~~On February 13, 2024,~~ the ~~Company~~applicable ~~received~~Nasdaq areview ~~letter~~and ~~from~~appeal ~~the~~periods ~~Staff~~have ~~indicating that the Company regained compliance with the MVPHS requirement~~lapsed. ~~On February 22, 2024, the Company attended a hearing before the Panel, the result of which was the issuance of the Panel’s decision dated March 14, 2024.~~

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AIB Acquisition Corporation
Date: March 20, 2024	By:	/s/ Eric Chen
Date: May 13, 2024	By:	/s/ Eric Chen
		Name:	Eric Chen
		Title:	Chief Executive Officer

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