AI Infrastructure Acquisition Corp. prices $120 million NYSE offering

AI Infrastructure Acquisition Corp. priced its initial public offering of 12 million units at $10.00 per unit, raising $120 million. The special purpose acquisition company, led by Chief Executive Officer Michael Winston, expects its units to begin trading on the New York Stock Exchange under ticker symbol "AIIAU" on October 3, 2025.

Each unit consists of one Class A ordinary share and one right. Each right entitles the holder to receive one-fifth of one Class A ordinary share when the company completes its initial business combination. The Class A ordinary shares and rights will trade separately under symbols "AIIA" and "AIIAR" respectively once separate trading begins.

Maxim Group LLC serves as the sole book-running manager for the offering. The underwriters have a 45-day option to purchase up to 1.8 million additional units at the offering price to cover over-allotments. The offering is expected to close on October 6, 2025, subject to customary closing conditions.

AIIA Sponsor Ltd., a minority-owned subsidiary of Jet.AI Inc. (NASDAQ: JTAI), is the company's sponsor. Jet.AI operates as an artificial intelligence data center company with aviation-specific AI software and is based in Las Vegas, Nevada.

The Securities and Exchange Commission declared the registration statement for the offering effective on September 30, 2025. The Cayman Islands-incorporated blank check company was formed to pursue mergers, acquisitions or similar business combinations with one or more businesses.

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