AI Infrastructure Acquisition Corp. filings document the regulatory disclosures of a blank-check company, including material events, capital structure and governance matters. Its Form 8-K disclosures describe the separation of IPO units into Class A ordinary shares and rights, the related trading symbols, and the mechanics of securities issued for a potential initial business combination.
AI Infrastructure Acquisition Corp. reports that Karpus Management, Inc. amended its Schedule 13G to show beneficial ownership of 2,066,198 shares of Common stock, representing 10.71% of the class. The filing states these shares are held directly by accounts managed by Karpus and that voting and disposition power is exercised solely by Karpus.
AI Infrastructure Acquisition Corp., a blank check company, reported its first-quarter 2026 results with no operating business yet and income driven entirely by interest on its IPO proceeds.
For the three months ended March 31, 2026, the company recorded net income of $1,071,471, largely from $1,224,490 of interest earned on investments in its Trust Account, partly offset by $163,301 of general and administrative expenses. Total assets were $141.6 million, including $140.5 million held in the Trust Account and $1.1 million of cash outside the trust.
As of March 31, 2026, there were 13,800,000 Class A ordinary shares subject to redemption, carried at a redemption value of $140,479,489, plus 890,000 non-redeemable Class A and 4,600,000 Class B shares. Management highlights that the SPAC must complete a business combination by April 6, 2027 or liquidate, and this mandatory liquidation date raises substantial doubt about its ability to continue as a going concern.
Infrastructure Acquisition Corp. (AIIA) is a Cayman Islands blank check company formed on May 13, 2025 to complete a business combination. It has no operating history or revenues and is focused on high-impact AI and data center infrastructure businesses.
The company’s IPO was declared effective on September 30, 2025 and closed on October 6, 2025, raising $138,000,000 from 13,800,000 units at $10.00 per unit, plus 407,000 private placement units for an additional $4,070,000. IPO proceeds of $138,000,000 were placed in a U.S. Treasury–backed trust account.
AIIA has until April 6, 2027 to complete an initial business combination, with no definitive agreement signed as of December 31, 2025. The filing highlights extensive risks typical of SPACs, including heavy competition for targets, high redemption risk, potential liquidation at about $10.00 per share or less, possible investment company and CFIUS scrutiny, and significant sponsor control over voting and board elections.
Karpus Management, Inc., doing business as Karpus Investment Management, reported a passive ownership stake in AI Infrastructure Acquisition Corp. common shares. Karpus beneficially owns 1,241,923 shares, representing 6.44% of the outstanding common stock as of the 12/31/2025 event date.
Karpus, a New York investment adviser, has sole voting and sole dispositive power over all reported shares, held in accounts it manages. The firm states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Wolverine Asset Management, LLC and related reporting persons report beneficial ownership of 950,828 Class A ordinary shares of AI Infrastructure Acquisition Corp., representing 6.47% of the outstanding Class A shares.
The percentage is based on 14,690,000 shares outstanding as of November 13, 2025, as disclosed in the company’s Form 10-Q. Wolverine Holdings, LLC, and individuals Christopher L. Gust and Robert R. Bellick share voting and dispositive power over these shares. The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. Wolverine Flagship Fund Trading Limited is entitled to receive dividends and sale proceeds from the reported shares.
AI Infrastructure Acquisition Corp. reported that, starting on November 24, 2025, investors who bought its IPO units can choose to trade the pieces of those units separately. Each unit had included one Class A ordinary share and one right to receive one-fifth of a Class A ordinary share if the company completes its first business combination.
The Class A ordinary shares now trade on the New York Stock Exchange under the symbol “AIIA”, and the rights trade under “AIIA R”. Any units that are not split will keep trading under “AIIA U”. Holders who want to separate their units must have their brokers contact the transfer agent, Odyssey Transfer and Trust Company. The company also issued a press release describing this change.