Research analysts covering Investcorp AI Acquisition.
Recent press releases and 8-K filings for IVCAF.
Investcorp AI Acquisition Corp. Announces Change in Sponsor and Management
IVCAF
M&A
Board Change
Management Change
- Investcorp AI Acquisition Corp. (SPAC) entered into a Purchase Agreement on August 28, 2025, with Samara Special Opportunities (Acquirer) and ICE I Holdings Pte. Ltd. (Sponsor).
- Under the agreement, the Sponsor sold 4,528,124 Class A shares, 1 Class B share, and 11,261,250 private placement warrants to the Acquirer for an aggregate purchase price of $1.00.
- Effective August 28, 2025, Nikhil Kalghatgi and Dean Clinton resigned as officers and directors, with Vikas Mittal appointed Principal Executive Officer and James DeAngelis appointed Principal Financial Officer and both joining the board.
- The transaction aims to increase the likelihood of the SPAC completing a business combination by its May 12, 2027 deadline, with the Acquirer now responsible for funding ongoing expenses.
- The company's securities are currently traded on The OTC Markets – Pink Sheets following its delisting from Nasdaq.
Aug 29, 2025, 1:06 AM
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