AI Infrastructure Acquisition Corp. Announces Pricing of Upsized $120 Million Initial Public Offering

Company Overview - AI Infrastructure Acquisition Corp. is a newly organized blank check company incorporated in the Cayman Islands, led by CEO Michael Winston [1][5] - The company aims to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 12,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - Each right entitles the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the initial business combination [1] - The units are expected to be listed on the New York Stock Exchange under the ticker symbol "AIIAU" starting October 3, 2025 [1] - The offering is expected to close on October 6, 2025, subject to customary closing conditions [2] Underwriting and Regulatory Information - Maxim Group LLC is acting as the sole book-running manager for the offering [2] - The company has granted underwriters a 45-day option to purchase up to 1,800,000 additional units at the initial public offering price to cover over-allotments [2] - A registration statement relating to the securities was declared effective by the U.S. Securities and Exchange Commission on September 30, 2025 [3] About Jet.AI - Jet.AI, a minority-owned subsidiary of AI Infrastructure Acquisition Corp., is a publicly listed company operating in the AI data center sector [1][6] - Founded in 2018, Jet.AI is transitioning to a pure-play AI data center company, leveraging expertise in data center development and AI-driven technologies [6] - The company aims to build scalable, high-performance infrastructure to support the increasing computational demands of artificial intelligence [6]