Jet.AI Announces Successful Closing of AI Infrastructure Acquisition Corp., Adding Approximately $20 Million in Book Equity from Its Ownership Stake

Core Insights - Jet.AI announced the successful closing of AI Infrastructure Acquisition Corp.'s initial public offering (IPO) of 12,000,000 units at $10.00 per unit, which was oversubscribed and increased from the initial 10,000,000 units due to strong demand [1][3] Company Overview - Jet.AI, founded in 2018 and based in Las Vegas, operates in two segments: Software and Aviation, and is transitioning to a pure-play AI data center company [6] - The company holds a 49.5% ownership interest in AIIA Sponsor Ltd., the sponsor of AI Infrastructure Acquisition Corp., which is expected to provide an initial value of approximately $20 million, enhancing its book equity position [2] Strategic Focus - Following the IPO, AI Infrastructure Corp. aims to pursue transaction opportunities with private technology companies that are advancing artificial intelligence and machine learning, as well as those involved in next-generation data center infrastructure [3][7]