Item 8.01. Other Events.

On January 21, 2022, AIB Acquisition Corporation, a Cayman Islands exempted company (the "Company"), consummated its initial public offering (the "IPO") of 8,625,000 units (the "Units"), including 1,125,000 Units issued to the underwriters upon the full exercise of the over-allotment option. Each Unit consists of one of the Company's Class A Ordinary Share, par value $0.0001 per share ("Class A Ordinary Shares") and one right to receive one-tenth (1/10) of one Class A Ordinary Share upon the consummation of an initial business combination ("Right"), with every ten (10) rights entitling the holder thereof to receive one Class A Ordinary Share at the closing of the Company's initial business combination. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $86,250,000.

On January 21, 2022, simultaneously with the closing of the IPO, the Company completed the private sale (the "Private Placement") of an aggregate of 388,750 units (the "Private Placement Units") to AIB LLC and Maxim Group LLC at a purchase price of $10.00 per Private Placement Unit, generating gross proceeds to the Company of $3,887,500.

A total of $87,112,500, comprised of $83,225,000 of the proceeds from the IPO (which amount includes $3,018,750 of the underwriters' deferred discount) and $3,887,500 of the proceeds of the sale of the Private Placement Units, was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee.

An audited balance sheet as of January 21, 2022 reflecting receipt of the proceeds upon consummation of the IPO and the Private Placement has been issued by the Company and is included as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statement and Exhibits.





 (d) Exhibits




Exhibit No.   Description
99.1            Audited Balance Sheet as of January 21, 2022.




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