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AI Infrastructure Acquisition Corp. Announces Closing of Upsized $138 Million Initial Public Offering, Including Full Exercise of Overallotment Option
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 sh
About this update from Jet.ai Inc.
[{"type":"text","content":"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.","length":1362,"tagName":"p"},{"type":"text","content":"Maxim Group LLC acted as sole book-running manager for the offering.","length":68,"tagName":"p"},{"type":"text","content":"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.","length":142,"tagName":"p"},{"type":"text","content":"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").","length":536,"tagName":"p"},{"type":"text","content":"A registration statement relating to t...