PSI Group Holdings to list on Nasdaq through AIB Acquisition merger

PSI Group and AIB Acquisition, a publicly traded special purpose acquisition company, “announced that they have entered into a definitive agreement for a business combination of AIB and PSI on December 27, 2023. Upon closing of the proposed Business Combination, both AIB and PSI will become wholly-owned subsidiaries of a newly incorporated Cayman Islands company, PS International Group Ltd., and Pubco will be the combined company and expects to list its securities on the Nasdaq Stock Market. PSI is one of the renowned air freight forwarding specialists in Hong Kong, providing global logistics and supply chain service to clients of various industries, including postal operators, e-Commerce merchants, senders and consignees.”