Jet.AI gains $20 million in book equity from SPAC investment stake
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Jet.AI Announces Successful Closing of AI Infrastructure Acquisition Corp., Adding Approximately $20 Million in Book Equity from Its Ownership Stake
October 7, 2025 9:15 AM EDTLAS VEGAS, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Jet.AI (the "Company") (Nasdaq: JTAI), a provider of high-performance GPU infrastructure and AI cloud services, announced that on October 3, 2025, AI Infrastructure Acquisition Corp. (NYSE: AIIAU), a special purpose acquisition company (SPAC), has successfully 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... More
