- CEO
- Nikhil Kalghatgi
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- Century Yard George Town Cayman Islands KY1-1102
- IPO Date
- May 10, 2022
- Business
- Investcorp India Acquisition Corp (IVCAU) operates as a blank check company, or special purpose acquisition company (SPAC), whose purpose is to effect a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities; it currently has no significant operations. The company, incorporated in the Cayman Islands in 2021 and headquartered at Century Yard, Cricket Square, Elgin Avenue, P.O. Box 1111, George Town, Grand Cayman, KY1-1102, originally focused its search for targets in India and high-growth industries in the India and ASEAN regions following its $225 million initial public offering in May 2022, which involved issuing 22.5 million units at $10 each. In recent developments, it extended its deadline for completing an initial business combination to May 12, 2025, following shareholder approval in August 2024 amid redemptions of approximately 8.3 million Class A ordinary shares totaling $94.78 million; additionally, the company changed its name to Investcorp AI Acquisition Corp in October 2024 after shareholder approval and entered into definitive agreements on October 21, 2024, for a proposed business combination with Bigtincan Holdings Limited, an Australian sales enablement software provider, under which Bigtincan would become a wholly owned subsidiary of a new public entity listed on Nasdaq, subject to shareholder approvals and customary closing conditions expected in the first quarter of 2025.