Aimfinity Investment I in an 8-K filing said its directors and officers resigned March 17. There was no known disagreement among them over the SPAC's operations, according to the filing.
Aimfinity's sponsor turned over 300,000 founder shares and 492,000 private placement units to existing members and entered into a repurchase agreement with the former directors and officers to transfer 10,000 founder shares each to the sponsor. The sponsor now holds about 1.67 million founder shares.
The tech-focused SPAC raised nearly $70 million in an IPO almost a year ago. Aimfinity's merger deadline is June 28. Read more.
Source: Aimfinity Investment I Undergoes Management Change, Signs Repurchase Agreement