Investcorp AI Acquisition Corp.

Investcorp AI Acquisition Corp. is a blank check company incorporated in the Cayman Islands on February 19, 2021. The company was formed to complete a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. While the company may pursue a target in any business, industry, or geographical location, it intends to focus its search for a target located in India in industries believed to have high potential for growth and strong returns. The company is an early stage and emerging growth company. On January 11, 2022, the company changed its name from Investcorp Acquisition Corp. to Investcorp India Acquisition Corp, and on October 15, 2024, it changed its name to Investcorp AI Acquisition Corp. In March 2021, ICE I Holdings Pte. Ltd. (the "Sponsor") subscribed for 7,187,500 Class B ordinary shares ("Founder Shares") for an aggregate purchase price of $25,000, or approximately $0.0035 per share. In March 2022, the Sponsor surrendered 718,750 Founder Shares for no consideration, resulting in the Sponsor holding 6,468,750 Founder Shares for an aggregate purchase price of $25,000, or approximately $0.0039 per share. On August 12, 2024, the Sponsor elected to convert 6,468,749 Founder Shares into Class A ordinary shares on a one-to-one basis, which was completed on November 18, 2024. The Sponsor currently holds one Founder Share. As of December 31, 2024, and for the period from February 19, 2021 (inception) through December 31, 2024, the company had not yet commenced any operations.