Amfoo Investment Company I-A 2024 Annual Report

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ The aggregate market value of the ordinary shares held by non-affiliates of the registrant, computed as of June 30, 2024 (the lastbusiness day of the registrant’s most recently completed second fiscal quarter) was $50,643,101.88, based on the trading price of theNew Units (AIMBU) of the registrant on that date. The registrant’s units commenced public trading on the Nasdaq Stock Market LLC As of April 14, 2025, there were1,758,476of the registrant’s Class A ordinary shares, par value $0.0001 per share, including1,077,957Class A ordinary share tendered by public shareholders for redemption, and2,012,500of the registrant’s Class B ordinary DOCUMENTS INCORPORATED BY REFERENCE None. TABLE OF CONTENTS Cautionary Note Regarding Forward-Looking StatementsiiItem 1.Business.1Item 1A.Risk Factors.12Item 1B.Unresolved Staff Comments.14Item 1C.Cybersecurity.14Item 2.Properties.14Item 3.Legal Proceedings.14Item 4.Mine Safety Disclosures.14 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This report, including, without limitation, statements under the heading “Management’s Discussion and Analysis of FinancialCondition and Results of Operations,” includes forward-looking statements within the meaning of Section 27A of the Securities Act of1933 and Section 21E of the Securities Exchange Act of 1934. Our forward-looking statements include, but are not limited to,statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. Inaddition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any ●our ability to complete an initial business combination; ●our expectations around the performance of prospective target business or businesses; ●our success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initialbusiness combination; ●our officers and directors allocating their time to other businesses and potentially having conflicts of interest with ourbusiness or in approving our initial business combination; ●our potential ability to obtain additional financing to complete our initial business combination; ●our pool of prospective target businesses; ●our public securities’ potential liquidity and trading; ●the lack of a market for our securities; ●the use of proceeds not held in the trust account or available to us from interest income on the trust account balance; ●the trust account not being subject to claims of third parties; or ●our financial performance following our initial public offering. The forward-looking statements contained in this report are based on our current expectations and beliefs concerning futuredevelopments and their potential effects on us. There can be no assurance that future developments affecting us will be those that wehave anticipated. These forward- looking statements involve a number of risks, uncertainties (some of which are beyond our control)or other assumptions th