AI Infrastructure Acquisition Corp. Announces Closing of Upsized $138 Million Initial Public Offering, Including Full Exercise of Overallotment Option

Company Overview - AI Infrastructure Acquisition Corp. is a blank check company organized under the laws of the Cayman Islands, formed for the purpose of effecting a business combination with one or more businesses [6] - The company is led by CEO Michael Winston and CFO George Murnane [6] Initial Public Offering (IPO) Details - The company announced the closing of its upsized initial public offering of 13,800,000 units at an offering price of $10.00 per unit, which included the full exercise of the underwriters' over-allotment option [1] - Each unit consists of one Class A ordinary share and one right, with each right entitling the holder to receive one-fifth (1/5) of one Class A ordinary share upon consummation of the initial business combination [1] - The units commenced trading on the New York Stock Exchange (NYSE) under the symbol "AIIA U" on October 3, 2025 [1] - The proceeds from the IPO and a simultaneous private placement of units amounted to $138,000,000, which was placed in trust [3] Legal and Management Information - Maxim Group LLC acted as the sole book-running manager for the offering, while Dykema Gossett PLLC and Loeb & Loeb LLP served as legal counsel to the company and Maxim Group LLC, respectively [2] - A registration statement relating to the securities was declared effective by the SEC on September 30, 2025, and the offering was made only by means of a prospectus [4] About Jet.AI Inc. - Jet.AI Inc. is a publicly listed, pure-play artificial intelligence data center company operating aviation-specific AI software, based in Las Vegas, NV [1][7] - Founded in 2018, Jet.AI Inc. operates in two segments: Software and Aviation, and is transitioning to a pure-play AI data center company [7] - The company aims to build a scalable, high-performance infrastructure to support the increasing computational demands of artificial intelligence [7]