PSI Group, A Global Logistics Service Provider To List On Nasdaq Through Merger With AIB Acquisition
Portfolio Pulse from Benzinga Newsdesk
PSI Group, a global logistics service provider, is set to list on the Nasdaq Stock Market through a merger with AIB Acquisition. Upon completion, both AIB and PSI will be subsidiaries of a new entity, PS International Group Ltd. ('Pubco'), which will be publicly traded.
December 28, 2023 | 6:52 am
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AIB Acquisition is expected to merge with PSI Group, resulting in both companies becoming subsidiaries of PS International Group Ltd., which will be listed on Nasdaq.
The merger news is directly related to AIB Acquisition and is likely to have a positive short term impact on its stock price as it leads to a listing on a major stock exchange, which can increase visibility and potentially attract more investors.
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