IVAUF
Investcorp AI Acquisition Corp.13.99
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
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0%Recent Filings
8-K
SPAC control sold for $1
Investcorp AI Acquisition Corp. sold control to Samara Special Opportunities for $1.00 on August 28, 2025, transferring one Class B share, 4,528,124 Class A shares, and 11,261,250 private warrants. Existing officers Nikhil Kalghatgi and Dean Clinton resigned, replaced by Vikas Mittal as CEO and James DeAngelis as CFO; board members also stepped down for Acquirer's picks. This shift boosts chances of a business combination before May 2027. Control changed hands swiftly.
10-Q
Q2 FY2025 results
Investcorp AI Acquisition Corp posted a Q2 net loss of $511,758, swinging from $1.7M income a year earlier, driven by $313K in formation costs and a $290K hit from warrant fair-value changes, while interest from the Trust Account dipped to $92K from $1.4M. For the half-year, losses totaled $610K versus $2.0M profit in 2024, with operating expenses up 16% y/y to $595K but no revenue yet as the blank-check firm hunts targets. Cash sits at $977K outside a shrunken $473K Trust, backed by $2.8M sponsor working-capital loan and $1.7M convertible note, both non-interest bearing and due post-2027 merger deadline. Delisting from Nasdaq to OTC in May 2025 limits liquidity. Sponsor support holds firm. Yet redemptions keep shrinking the pot.
8-K
SPAC deadline extended two years
Investcorp AI Acquisition Corp. extended its deadline for completing an initial business combination by two years, from May 12, 2025, to May 12, 2027, after shareholders overwhelmingly approved the amendment at an extraordinary general meeting on that date. The vote saw 6,938,190 shares in favor versus 157,419 against, with no abstentions. Yet 1,449,359 Class A shares were redeemed for about $17.5 million at $12.09 each. Shareholders also elected directors Rishi Kapoor and Kunal Bahl, and ratified CBIZ as auditors for 2025.
10-Q
Q1 FY2025 results
Investcorp AI Acquisition Corp posted a modest Q1 net loss of $98,559, up from a $334,529 profit last year, as operating expenses climbed to $282,139 from $194,117 while interest income from the Trust Account dipped to $183,580 from $1,399,396. No revenue yet, but the Trust Account grew 2% q/q to $17.9M, bolstered by accretion. Cash outside the Trust sits at $185K, offset by $4.8M in current liabilities including $1.8M Working Capital Loan and $1.6M Convertible Promissory Note from the Sponsor, both non-interest bearing and due post-combination or May 2027. Delisting from Nasdaq in May 2025 shifted trading to OTC markets. Extensions now run to May 2027 without fees. Yet liquidity strains persist.
8-K
Nasdaq delisting for SPAC
Investcorp AI Acquisition Corp. faces delisting from Nasdaq after failing to complete a business combination within 36 months of its May 2022 IPO effective date, with trading suspension set for May 6, 2025. The SPAC's earlier noncompliance with annual meeting rules sealed this fate under Nasdaq's Rule IM-5101-2. Shares, units, and warrants will shift to OTC Markets, potentially facing thinner liquidity and price volatility. Delisting risks eroding investor access.
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