AI Infrastructure Acquisition Corp. closed its upsized IPO of 13.8 million units at $10 each, trading on NYSE under "AIIA U."
Quiver AI Summary
AI Infrastructure Acquisition Corp. announced the successful closing of its initial public offering (IPO), raising $138 million by selling 13.8 million units at $10 each, which includes an over-allotment option. Each unit comprises one Class A ordinary share and a right to receive a fraction of a share in the future. The units began trading on the New York Stock Exchange under the symbol "AIIA U" on October 3, 2025, with separate trading expected soon for the shares and rights. The company, a blank check entity aimed at merging with businesses, is led by CEO Michael Winston and has ties to Jet.AI Inc., an AI-focused data center company. Legal counsel for the offering includes Dykema Gossett and Loeb & Loeb. The press release contains forward-looking statements regarding the company's future business combination plans and outlines that it is not an offer to sell securities where prohibited.
Potential Positives
- The company successfully closed its upsized initial public offering of 13,800,000 units, indicating strong investor interest and confidence in the business.
- Each unit was offered at $10.00, with the offering including the full exercise of the underwriters' over-allotment option, demonstrating effective management and strategic planning.
- The proceeds from the IPO, totaling $138,000,000, are placed in trust, providing significant capital for future business combinations and operational growth.
- The Company's units commenced trading on the NYSE under the symbol "AIIA U," marking a significant milestone for the organization and enhancing its public visibility.
Potential Negatives
- The press release does not provide specific details regarding the business plans or potential targets for the SPAC, which may lead to uncertainty and skepticism among investors.
- The reference to the potential use of proceeds from the offering includes a caveat that no assurance can be given that the net proceeds will be used as indicated, potentially undermining investor confidence.
- The mention of forward-looking statements emphasizes the risks involved in the venture, indicating that there could be significant uncertainties affecting the company's future performance.
FAQ
What is AI Infrastructure Acquisition Corp.?
AI Infrastructure Acquisition Corp. is a blank check company formed to facilitate business combinations with other companies.
When did AI Infrastructure Acquisition Corp. go public?
The company closed its initial public offering on October 6, 2025, with trading starting on October 3, 2025.
What are the symbols for AI Infrastructure Acquisition Corp. shares?
The company's units trade under "AIIA U," while Class A ordinary shares and rights will trade under "AIIA" and "AIIA R," respectively.
How much did AI Infrastructure Acquisition Corp. raise in its IPO?
The company raised approximately $138 million from its initial public offering and a simultaneous private placement of units.
Who is the CEO of AI Infrastructure Acquisition Corp.?
Michael Winston serves as the Chief Executive Officer of AI Infrastructure Acquisition Corp.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
Las Vegas, NV, Oct. 06, 2025 (GLOBE NEWSWIRE) -- AI Infrastructure Acquisition Corp. (the “Company”), a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chief Executive Officer Michael Winston, today announced the closing of its upsized initial public offering of 13,800,000 units, which included the full exercise of the underwriters' over-allotment option, at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share of the Company and one right. Each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the Company’s initial business combination. The Company's units commenced trading on the New York Stock Exchange ("NYSE") on October 3, 2025 under the symbol "AIIA U." Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on the NYSE under the symbols "AIIA" and "AIIA R," respectively. AIIA Sponsor Ltd., a Cayman Islands ordinary resident company, limited by shares, is a minority-owned subsidiary of Jet.AI Inc. (NASDAQ: JTAI). Jet.AI Inc. is a publicly listed, pure-play artificial intelligence (“AI”) data center company operating aviation-specific AI software located in Las Vegas, Nevada.
Maxim Group LLC acted as sole book-running manager for the offering.
Dykema Gossett PLLC served as legal counsel to the Company and Loeb & Loeb LLP served as legal counsel to Maxim Group LLC in the offering.
Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, $138,000,000 (or $10.00 per unit sold in the public offering) was placed in trust. An audited balance sheet of the Company as of October 6, 2025 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (the "SEC").
A registration statement relating to the securities to be sold in the initial public offering was declared effective by the SEC on September 30, 2025. The offering was made only by means of a prospectus. Copies of the prospectus related to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3500, or by visiting EDGAR on the SEC’s website at www.sec.gov .
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About AI Infrastructure Acquisition Corp.
AI Infrastructure Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, organized under the laws of the Cayman Islands and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company is led by Michael Winston, its CEO and George Murnane, its CFO.
About Jet.AI Inc.
Founded in 2018 and based in Las Vegas, NV, Jet.AI Inc. (NASDAQ: JTAI) currently operates in two segments, Software and Aviation, and is transitioning to a pure-play AI data center company. Leveraging a leadership team with deep expertise in data center development and AI-driven technologies, Jet.AI Inc. intends to build a scalable, high-performance infrastructure to support the increasing computational demands of artificial intelligence. Its suite of AI-powered tools stems from its origin as an aviation company, and leverages natural language processing technologies to enhance efficiency, optimize operations, and streamline the private jet booking experience.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the registration statement and related prospectus filed in connection with the offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Michael Winston
Chief Executive Officer
(702) 747-4000
[email protected]
