AI Infrastructure Acquisition Corp. Raises $138M in Upsized IPO
AI Infrastructure Acquisition Corp. (AIIA) has successfully concluded its upsized initial public offering (IPO), raising $138 million. The units, priced at $10 each, commenced trading on the New York Stock Exchange under the symbol 'AIIA U'.
The IPO, which closed on October 3, 2025, saw AIIA sell 13,800,000 units. Each unit consists of one Class A ordinary share and one right, entitling holders to receive additional shares upon the company's initial business combination.
The registration statement for the securities sold in the IPO was declared effective by the SEC on September 30, 2025. The proceeds from the IPO and a simultaneous private placement were placed in trust. Copies of the prospectus can be obtained from Maxim Group LLC or the SEC's EDGAR website.
AIIA is led by CEO Michael Winston and CFO George Murnane. The company is a special purpose acquisition company (SPAC), aiming to acquire a minority-owned subsidiary, JetBlue.AI Inc. (NASDAQ: JTAI). JetBlue.AI is a publicly listed, pure-play artificial intelligence (AI) data center company operating aviation-specific AI software.
Dykema Gossett PLLC served as legal counsel to AIIA, while Loeb & Loeb LLP served as legal counsel to Maxim Group LLC in the offering.
AIIA's units began trading on the NYSE on October 3, 2025. The company's future plans involve identifying and acquiring a suitable business, with JetBlue.AI Inc. being a potential target. The raised funds will be used to support these acquisition efforts.
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