other material
confidence high
sentiment neutral
materiality 0.50
AI Infrastructure Acquisition Corp. closes $138M IPO and $4.07M private placement
AI Infrastructure Acquisition Corp.
- Sold 13.8M units at $10.00 each, including full over-allotment, for gross IPO proceeds of $138M.
- Private placement of 407,000 units at $10.00 to sponsor AIIA Sponsor Ltd. and Maxim Partners LLC raised $4.07M.
- $138M from IPO and private placement placed in trust account; trust assets are money market investments.
- Company has until April 6, 2027 (18 months from close) to complete initial business combination.
- Transaction costs totaled ~$3.1M; balance sheet shows $1.64M cash and $951,790 in shareholders' equity.