According to the prospectus, on July 18, 2024, PS International Group Ltd. (a long-standing global logistics service provider headquartered in Hong Kong specializing in cross-border air freight services) and AIB Acquisition Corporation (a special purpose acquisition company, NASDAQ stock code: AIB) completed their previously announced business merger today.

PSI's common stock will begin trading on NASDAQ on July 19, 2024, with the stock code "PSIG". As of the close of trading on its first day of listing, PS International Group Ltd (PSIG) had a market value of $87.677 million.

PSI is a global logistics company with a long history as a supply chain solution provider, specializing in air freight forwarding services, connecting businesses from Asian transportation hubs to the United States and other parts of the world. Through its operating subsidiaries in Hong Kong, namely Profit Sail Int'l Express (Hong Kong) Limited and Business Great Global Supply Chain Limited, its revenue comes from air, sea, freight forwarding services, and supply chain ancillary services.

Mr. Alex Ko, CEO of PSI, commented, "PSI's listing on NASDAQ marks an important milestone in our company's history and expansion into global markets. This achievement demonstrates the relentless efforts and dedication of our entire team. As we embark on this new chapter, we are committed to enhancing our capabilities and expanding our influence in the logistics industry, including cross-border e-commerce logistics. As a NASDAQ listed company, it highlights our commitment to providing excellent services, innovative solutions, and sustainable growth. We look forward to continuing our mission of connecting the world through an efficient and reliable logistics service network on a larger global stage

PSI (China International Freight) is preparing to go public in the United States through an IPO in 2022. It submitted a secret application to the SEC on March 22, 2022, publicly disclosed its prospectus on March 1, 2023, and withdrew its listing application on January 26, 2024. But prior to this, PSI announced on December 27, 2023 that it had signed a "Corporate Merger Agreement" with SPAC - AIB Acquisition Corporation.

PSI only took over six months from signing the agreement with SPAC for the first time to successfully go public. The SPAC merger listing cycle is short, usually taking only about six months, which is about 3-4 times faster than other common listing methods; This is because before the merger between the target company and SPAC, SPAC had already completed all the initial public offering financing processes, which saved the company a lot of time and effectively assisted the company in seizing market opportunities in a timely manner, even in the face of fleeting market opportunities.

Compared with other traditional listing methods, SPAC has the advantages of short listing cycle, low listing threshold, cost, risk, relatively low listing success rate, and is a popular listing method that is popular worldwide and has been settled in the United States for more than 20 years. Today, more and more small and medium-sized enterprises tend to choose SPAC to go public.

The overseas listed capital group for small and medium-sized enterprises has been using SPAC, a reverse merger model, since 2009 to help them go public in the United States. At the same time, we also have sufficient high-quality SPAC shell resources. We have been deeply cultivating with a professional, focused, and persistent attitude, and look forward to working with you!