AI Infrastructure Acquisition Corp. to Ring the NYSE Opening Bell
Rhea-AI Summary
AI Infrastructure Acquisition Corp (NYSE: AIIA) celebrated its October 2025 initial public offering by ringing the NYSE Opening Bell on November 19, 2025. The company closed an upsized IPO of 13,800,000 units with full exercise of the underwriters' over-allotment option at an offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one right; each right entitles the holder to receive 1/5 of one Class A ordinary share upon consummation of the company's initial business combination. Units began trading on the NYSE on October 3, 2025 under the symbol AIIA U; Class A shares and rights are expected to list as AIIA and AIIA R when separated. AIIA Sponsor Ltd. is a minority-owned subsidiary of Jet.AI (NASDAQ: JTAI).
Positive
- Closed upsized IPO of 13,800,000 units at $10.00 per unit
- Underwriters' over-allotment option was fully exercised
- Units began trading on Oct 3, 2025 under symbol AIIA U
Negative
- Each unit includes a right convertible to 1/5 of a Class A share, creating potential dilution upon business combination
Insights
Completed an upsized
AI Infrastructure Acquisition Corp. closed its upsized initial public offering of 13,800,000 units at
The business mechanism is straightforward: the SPAC raised proceeds via a standard unit structure to fund a future business combination in AI-related data center infrastructure. Key dependencies include successful deployment of the IPO proceeds into a qualifying target and the formal consummation of that initial business combination, which is the event that will convert rights into ordinary shares. Concrete, monitorable items are the separate trading commencement of the Class A shares and rights (expected tickers AIIA and AIIA R) and the timeline and terms of an announced initial business combination; these milestones drive liquidity and shareholder economics in the near to medium term.
LAS VEGAS, Nov. 19, 2025 (GLOBE NEWSWIRE) -- AI Infrastructure Acquisition Corp. (the “Company”) (NYSE: AIIAU), a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chief Executive Officer Michael Winston, announced today that it is celebrating its October 2025 initial public offering by ringing the New York Stock Exchange (“NYSE”) Opening Bell. The NYSE Opening Bell will be broadcasted live on the NYSE website here: https://www.nyse.com/bell.
Company CEO Mike Winston commented: “We are honored to participate in the NYSE Opening Bell Ceremony today, a milestone that reflects the hard work of our team and the support of our shareholders. As a blank check company, we remain focused on identifying a high-quality business combination partner at the forefront of AI, machine learning, and involved in building and operating next-generation data center infrastructure. Today’s event highlights our continued momentum and commitment to executing on this strategy for our shareholders.”
The Company closed its upsized initial public offering of 13,800,000 units, which included the full exercise of the underwriters' over-allotment option, at an offering price of
About AI Infrastructure Acquisition Corp.
AI Infrastructure Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, organized under the laws of the Cayman Islands and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company is led by Michael Winston, its CEO and George Murnane, its CFO.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the registration statement and related prospectus filed in connection with the offering with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Michael Winston
Chief Executive Officer
(702) 747-4000
mike@jet.ai
FAQ
What did AI Infrastructure Acquisition Corp announce on November 19, 2025 (AIIA)?
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