AI Infrastructure Acquisition closes upsized $138 million IPO on NYSE

AI Infrastructure Acquisition Corp. completed its initial public offering of 13.8 million units at $10.00 per unit, raising $138 million after underwriters exercised their full overallotment option. The blank check company began trading on the New York Stock Exchange on October 3, 2025 under the symbol "AIIA U."

Each unit consists of one Class A ordinary share and one right, with each right entitling holders to receive one-fifth of a Class A ordinary share upon completion of the company's initial business combination. The Class A ordinary shares and rights are expected to trade separately on the NYSE under symbols "AIIA" and "AIIA R" respectively.

The company is led by Chief Executive Officer Michael Winston and Chief Financial Officer George Murnane. AIIA Sponsor Ltd., a minority-owned subsidiary of Jet.AI Inc. (NASDAQ: JTAI), serves as the sponsor.

Maxim Group LLC acted as sole book-running manager for the offering. Dykema Gossett PLLC served as legal counsel to the company, while Loeb & Loeb LLP represented Maxim Group LLC.

The Securities and Exchange Commission declared the registration statement effective on September 30, 2025. The company placed $138 million from the offering proceeds and a simultaneous private placement into trust, representing $10.00 per unit sold in the public offering.

AI Infrastructure Acquisition Corp. is incorporated in the Cayman Islands and formed to pursue mergers, acquisitions or business combinations with one or more businesses. The company stated in the press release that it will file an audited balance sheet reflecting the offering proceeds with the SEC.

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