- CEO
- Nikhil Kalghatgi
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Century Yard George Town Cayman Islands KY1-1102
- IPO Date
- Jun 30, 2022
- Business
- Investcorp AI Acquisition Corp (Nasdaq: IVCA), formerly known as Investcorp India Acquisition Corp, operates as a blank check company or special purpose acquisition company (SPAC) with no significant ongoing business operations other than identifying and pursuing merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more target businesses, primarily in the artificial intelligence, healthcare, software, consumer services, IT services, business-to-business, and fintech sectors; it originally focused on high-growth sectors in India. Incorporated in 2021 and headquartered at Century Yard, Cricket Square, Elgin Avenue, PO Box 1111, George Town, Grand Cayman, Cayman Islands, the company targets businesses that align with its strategic objectives in technology-driven and innovation-focused industries. In October 2024, following shareholder approval at an Extraordinary General Meeting on October 15, it changed its name from Investcorp India Acquisition Corp to Investcorp AI Acquisition Corp while retaining the IVCA ticker symbol; later that month, on October 21, it entered into a Business Combination Agreement and Scheme Implementation Deed with Bigtincan Holdings Limited (ASX: BTH) for a proposed reverse merger transaction valued at approximately AUD 570 million, which included a US$12.5 million PIPE investment from Investcorp, but the deal was cancelled by Bigtincan on November 29, 2024, amid a competing superior bid from Vector Capital Management. The company maintains its search for suitable acquisition targets without current products, services, or subsidiaries beyond its SPAC structure.