Wed, Apr 16, 8:17 PM (32 days ago)
**Summary of Investcorp AI Acquisition Corp (IVCA)** **Financial Performance:** - **Revenue:** Not applicable, as the company has not yet commenced operations. - **Net Income:** $2,326,207 for the year ended December 31, 2024, and $8,862,477 for the year ended December 31, 2023. - **Earnings per Share (EPS):** $0.18 for the year ended December 31, 2024, and $0.34 for the year ended December 31, 2023. **Financial Condition:** - **Cash and Cash Equivalents:** $1,032,598 as of December 31, 2024. - **Cash and Securities Held in Trust Account:** $17,518,993 as of December 31, 2024. - **Working Capital Deficit:** $4,093,375 as of December 31, 2024. **Strategic Overview:** - **Business Strategy:** The company aims to identify and consummate an Initial Business Combination with a company with operations or prospects in India, focusing on industries with high potential for growth and generating strong returns for shareholders. - **Target Industries:** Artificial intelligence, healthcare, software, consumer services, IT services, business-to-business, or fintech sectors. **Future Outlook:** - **Initial Business Combination:** The company is actively searching for a suitable acquisition target and has extended the deadline to consummate an Initial Business Combination to May 12, 2025. - **Risk Factors:** The company faces significant risks, including the ability to complete an Initial Business Combination within the prescribed time frame, the potential for redemptions by shareholders, and the impact of geopolitical tensions and market volatility. **Market Position Changes:** - **Nasdaq Listing:** The company's securities are listed on the Nasdaq Global Market under the symbols "IVCA," "IVCAU," and "IVCAW." - **Market Value:** The aggregate market value of the voting and non-voting ordinary equity held by non-affiliates of the company was approximately $111,110,212 as of June 30, 2024. **Risk Factors:** - **Completion of Initial Business Combination:** The company must complete an Initial Business Combination by May 12, 2025, or it will cease all operations except for the purpose of winding up and liquidating. - **Redemptions:** Shareholders have the right to redeem their shares for cash at a redemption price of approximately $11.87 per share, which could reduce the company's financial resources. - **Geopolitical Tensions:** The company's operations and prospects may be adversely affected by geopolitical tensions, including the conflicts between Russia-Ukraine, Israel-Hamas, and rising tensions between China and Taiwan. **Financial Condition:** - **Cash and Cash Equivalents:** The company had $1,032,598 in cash and cash equivalents as of December 31, 2024. - **Cash and Securities Held in Trust Account:** The company had $17,518,993 held in money market funds, which are invested primarily in U.S. Treasury Securities, as of December 31, 2024. - **Working Capital Deficit:** The company had a working capital deficit of $4,093,375 as of December 31, 2024. **Market Position Changes:** - **Nasdaq Listing:** The company's securities are listed on the Nasdaq Global Market under the symbols "IVCA," "IVCAU," and "IVCAW." - **Market Value:** The aggregate market value of the voting and non-voting ordinary equity held by non-affiliates of the company was approximately $111,110,212 as of June 30, 2024.