AI Infrastructure Acquisition, a blank check company targeting businesses advancing AI/ML capabilities, raised $120 million by offering 12 million units at $10.00. The company offered 2 million more units than anticipated. Each unit consists of one share of common stock and one right to receive one-fifth of a share upon the completion of an initial business combination.
AI Infrastructure Acquisition is led by CEO and Director Michael Winston, the founder and Executive Chairman of Jet Token. The SPAC plans to target companies advancing their artificial intelligence and machine learning (AI/ML) capabilities, as well as those involved in building, operating, or enabling next-generation data center infrastructure.
AI Infrastructure Acquisition plans to list on the NYSE under the symbol AIIAU. Maxim Group LLC acted as sole bookrunner on the deal.
