Jet.AI announces closing of AI Infrastructure Acquisition IPO

Jet.AI (JTAI) announced that on October 3, 2025, AI Infrastructure Acquisition Corp. (AIIA) closed its initial public offering of 12,000,000 units at an offering price of $10.00 per unit. The offering was significantly oversubscribed and upsized from an initial 10,000,000 units because of strong demand. As previously disclosed, Jet.AI made a capital contribution to AIIA Sponsor as the sponsor of AI Infrastructure Acquisition Corp., and holds a 49.5% ownership interest in the Sponsor. Based on the initial public offering price, Jet.AI’s ownership stake is expected to provide an initial value of approximately $20 million, further strengthening the Company’s book equity position and advancing its strategic pivot toward the data center and digital infrastructure sector. Following the initial public offering, AI Infrastructure Corp. intends to focus on and pursue transaction opportunities with high-impact private technology companies advancing artificial intelligence and machine learning capabilities, as well as those involved in building, operating, or enabling next-generation data center infrastructure. Maxim Group LLC acted as sole book-running manager for the offering.