Business
Investcorp AI Acquisition Corp. to Combine with Blue Finance Technology Holding Limited; Transaction to Create Irish Public Company Focused on Artificial Intelligence-Powered Digital Consumer Finance
Proposed business combination structured to result in a new Irish public company listed on the Nasdaq Capital Market Consideration to Blue Finance consists of 21,985,971 New Pubco ordinary shares with a stated value of $10.00 per share under the BCA, for an aggregate stated consideration of $219,859,710 New Irish public company to focus on advancing Blue Finance’s artificial intelligence-powered digital finance service offerings NEW YORK and DUBLIN, April 13, 2026 (GLOBE NEWSWIRE) -- Investcorp
About this update from Investcorp Ai Acquisition Corp.
[{"type":"text","content":"Proposed business combination structured to result in a new Irish public company listed on the Nasdaq Capital Market","length":116,"tagName":"p"},{"type":"text","content":"Consideration to Blue Finance consists of 21,985,971 New Pubco ordinary shares with a stated value of $10.00 per share under the BCA, for an aggregate stated consideration of $219,859,710","length":187,"tagName":"p"},{"type":"text","content":"New Irish public company to focus on advancing Blue Finance’s artificial intelligence-powered digital finance service offerings","length":127,"tagName":"p"},{"type":"text","content":"NEW YORK and DUBLIN, April 13, 2026 (GLOBE NEWSWIRE) -- Investcorp AI Acquisition Corp. (“IVCA”) and Blue Finance Technology Holding Limited (“Blue Finance”), an artificial intelligence-powered digital finance platform providing lending, banking, and financial services, today announced that they have entered into a definitive Business Combination Agreement (“BCA”) for a proposed transaction that is expected to result in a new Irish public company (“New Pubco”) focused on advancing Blue Finance’s digital finance platform.","length":526,"tagName":"p"},{"type":"text","content":"Pursuant to the BCA, New Pubco will become the public parent company of Blue Finance and IVCA following (i) an exchange of all outstanding equity of Blue Finance for ordinary shares of New Pubco and (ii) a merger of a wholly owned Cayman Islands subsidiary of New Pubco with and into IVCA, with IVCA continuing as the surviving entity and a wholly owned subsidiary of New Pubco. The closing of the BCA is conditioned upon, among other things, receipt of conditional approval of an application to list New Pubco’s ordinary shares and public warrants on the Nasdaq Capital Market.","length":578,"tagName":"p"},{"type":"text","content":"Through its wholly owned subsidiary My Finance Club Ltd., a United Kingdom company limited by shares, Blue Finance operates an AI-driven digital lending platform serving financially constrained, underbanked consumers overlooked by traditional lenders. Blue Finance’s proprietary technology automates the full lending lifecycle—from application processing through real-time underwriting, funding, and collections—on a single unified system, enabling instantaneous, compliant loan decisions under the UK’s FCA regulatory framework.","length":529,"tagName":"p...