{"url_path":"/sec/aib/8-k/2026-09-11/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 of this Current Report on Form 8-K, which description is incorporated herein by reference, on September 11, 2026, the Company","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-09-11","source_url":"https://www.sec.gov/Archives/edgar/data/2070542/0001213900-26-099305-index.html","accession_number":"0001213900-26-099305","cik":"0002070542","ticker":"AIB","issuer_name":"AIB Data Centers Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2070542/0001213900-26-099305-index.html","primary_entity_key":"0002070542","primary_entity_name":"AIB Data Centers Inc."},"word_count":755,"has_tables":true,"body_markdown":"Item 1.01 of this Current Report on Form 8-K, which description is incorporated herein by reference, on September 11, 2026, the Company\nincurred the following obligations:\n\n \n\n*Deferred Payment Obligation*\n\n \n\nPursuant to the MIPA, the Company is obligated\nto pay to Seller B a deferred purchase price installment of $6,000,000 (the “Deferred Payment”) on the date that the Utility\nCompany places the Property B facilities in service (the “Release Date”). If the Release Date has not occurred on or prior to\nDecember 31, 2028, the Company may, subject to certain creditworthiness requirements, substitute a parent guaranty for the letter of credit\ndescribed below.\n\n \n\n*Standby Letters of Credit*\n\n \n\nAt Closing, the Company caused JPMorgan Chase\nBank, N.A. to issue two irrevocable standby letters of credit: (i) a $6,000,000 letter of credit for the benefit of Seller B securing\nthe Deferred Payment, drawable upon, among other things, failure to pay the Deferred Payment when due or certain bankruptcy-related events;\nand (ii) a $1,754,640 letter of credit for the benefit of the Utility Company securing performance obligations under the Facilities Extension\nAgreement for 40 MW of primary electric service to Property B. Each letter of credit expires on August 30, 2027 and renews automatically\nfor successive twelve-month periods. The aggregate face amount of the two letters of credit is $7,754,640. If drawn, the Company would\nbe obligated to reimburse JPMorgan Chase Bank, N.A. for any amounts paid thereunder.\n\n \n\nThe foregoing descriptions are qualified in their\nentirety by reference to the redacted text of the PSA and the MIPA, copies of which are filed (with certain portions redacted in accordance\nwith Item 601(b)(10)(iv) of Regulation S-K) as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated herein by\nreference.\n\n \n\n**Forward-Looking Statements**\n\n \n\nThis Current Report on Form 8-K contains “forward-looking statements”\nwithin the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as\namended. All statements, other than statements of historical fact, contained in this Current Report are forward-looking statements. Forward-looking\nstatements may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,”\n“expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,”\n“potential,” “project” or “continue” or the negative of these terms or other comparable terminology and\ninclude, but are not limited to, statements regarding the planned development of the acquired properties as data center infrastructure,\nthe anticipated availability and timing of electric capacity under the Facilities Extension Agreements, the expected energization and\nplacement in service of Property B facilities, the Company’s ability to attract and contract with AI, HPC, and other data center customers\nfor the acquired sites, the intended use and development timeline of the acquired properties, and the Company’s broader growth and development\npipeline. These statements are based on various assumptions, whether or not identified in this Current Report, and on the current expectations\nof the Company’s management and are not predictions of actual performance. You should not place undue reliance on forward-looking statements\nbecause they involve known and unknown risks, uncertainties, and other factors, including without limitation, the performance of utility\ncounterparties under the Facilities Extension Agreements, delays in permitting and regulatory approvals, utility interconnection and energization\ntiming, tariff and rate changes, equipment availability, supply chain conditions, contractor performance, site development and construction\nexecution, environmental and land-use conditions affecting the acquired properties, the ability to attract and retain key personnel to\nmanage the business effectively, competition from existing or new data center offerings that may emerge, potential impairment of the deferred\npayment obligation or letters of credit, and broader market and economic conditions. These risks, uncertainties and other factors are\ndescribed more fully in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the Company’s\nmost recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These risks, uncertainties and other factors are, in some cases,\nbeyond the Company’s control and could materially affect results. If one or more of these risks, uncertainties or other factors become\napplicable, or if these underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied\nor projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements\ncontained in this Current Report are made as of the date hereof, and the Company undertakes no duty to publicly update or correct any\nforward-looking statements to reflect events or circumstances that subsequently occur or of which it hereafter becomes aware, except as\nrequired under applicable law."}