Item 1.01 Entry into a Material Definitive Agreement.

On January 19, 2023, upon the shareholders' approval of the Trust Amendment Proposal (as defined below), AIB Acquisition Corporation (the "Company") entered into an amendment (the "Trust Amendment") to the Investment Management Trust Agreement, dated January 18, 2022 (the "Trust Agreement"), by and between the Company and Continental Stock Transfer & Trust Company, as trustee ("Continental"), to extend the date by which the Company would be required to consummate a business combination from January 21, 2023 to October 21, 2023, or such earlier date as determined by the board of directors of the Company (the "Board"), in its sole discretion.

A copy of the Trust Amendment is attached as Exhibit 10.1 to this Current Report on Form 8-K, which is incorporated herein by reference.

On January 20, 2023, the Company issued a promissory note (the "Note") in the aggregate principal amount of up to $450,000 to AIB LLC, a Delaware limited liability company, the Company's sponsor (the "Extension Funds"), pursuant to which the Extension Funds will be deposited into the Company's trust account (the "Trust Account") for the benefit of each outstanding Class A ordinary share of the Company ("Public Share") that was not redeemed in connection with the extension of the Company's termination date from January 21, 2023 to October 21, 2023.

The Company will deposit $50,000 per month into the Trust Account, which equates to approximately $0.05 per remaining Public Share, for each calendar month (commencing on January 21, 2023 and on the 21st day of each subsequent month) until October 21, 2023, or portion thereof, that is needed to complete an initial business combination, for up to an aggregate of $450,000. On January 20, 2023, the first installment of the Extension Funds was deposited into the Trust Account. After such funding, the Trust Account contains approximately $10.32 per remaining Public Share outstanding.

The Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Business Combination, and (b) the date of the liquidation of the Company.

The foregoing description is qualified in its entirety by reference to the Note, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.

The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.





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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

The disclosure contained in Item 5.07 of this Current Report on Form 8-K is incorporated by reference in this Item 5.03.




Item  5.07 Submission of Matters to a Vote of Security Holders.

On January 18, 2023, the Company held an extraordinary general meeting of shareholders (the "Meeting"). At the Meeting, the following proposal were considered and acted upon by the shareholders of the Company:

(a) a proposal to amend the Company's second amended and restated memorandum and articles of association (the "Charter Amendment") to extend the date by which the Company has to consummate an initial business combination from January 21, 2023 to October 21, 2023 (the "Extension Amendment Proposal");

(b) a proposal to amend the Company's second amended and restated memorandum and articles of association to permit the Board, in its sole discretion, to elect to wind up the Company's operations on an earlier date than October 21, 2023 (the "Liquidation Amendment Proposal");

(c) a proposal to amend the Company's Trust Agreement, to extend the date by which the Company would be required to consummate a business combination from January 21, 2023 to October 21, 2023, or such earlier date as determined by the Board, in its sole discretion (the "Trust Amendment Proposal"); and

(d) a proposal to approve the adjournment of the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of any of the foregoing proposals (the "Adjournment Proposal").

The number of votes cast for or against, as well as the number of abstentions as to each proposal, are set forth below.

1. Extension Amendment Proposal






   For       Against    Abstain
7,676,088   1,836,386      0

Accordingly, the Extension Amendment Proposal was approved.

2. Liquidation Amendment Proposal






   For       Against    Abstain
7,676,088   1,836,386      0

Accordingly, the Liquidation Amendment Proposal was approved.





 3. Trust Amendment Proposal




   For       Against    Abstain
7,676,088   1,836,386      0




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Accordingly, the Trust Amendment Proposal was approved.

As there were sufficient votes at the time of the Meeting to approve each of the above proposals, the Adjournment Proposal, which had been previously voted on by proxy, was not presented to shareholders at the Meeting.

Shareholders holding 7,623,698 shares of the Company's ordinary shares exercised their right to redeem such shares for a pro rata portion of the funds in the Company's Trust Account. As a result, $78,324,475.94 (approximately $10.27 per share) will be removed from the Trust Account to pay such holders.

The Company filed the Charter Amendment with the Cayman Islands Registrar of Companies on January 19, 2023. A copy of the Charter Amendment is attached hereto as Exhibit 3.1, and is incorporated by reference.

Item 9.01 Financial Statements and Exhibits.





  (d) Exhibits




Exhibit No.   Description
3.1             An Amendment to the Second Amended and Restated Memorandum and
              Articles of Association of the Company
10.1            Amendment to the Investment Management Trust Agreement, dated as of
              January 19, 2023
10.2            Promissory Note Issued to AIB LLC, dated January 20, 2023
104           Cover Page Interactive Data File (embedded within the Inline XBRL
              document).




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