Loeb Represents Underwriter in AI Infrastructure Acquisition’s $138 Million Initial Public Offering

Loeb & Loeb represented Maxim Group LLC, a full-service investment banking, securities and wealth management firm headquartered in New York, as managing underwriter in connection with the upsized initial public offering of AI Infrastructure Acquisition Corp., a special purpose acquisition company led by Michael Winston, chief executive officer of Jet.AI, a provider of high-performance GPU infrastructure and artificial intelligence (AI) cloud services.

The offering consisted of 13,800,000 units, including the full exercise of Maxim’s over-allotment option, at a public offering price of $10.00 per unit. Each unit is comprised of one Class A ordinary share and one right, with each right entitling the holder to receive one-fifth of one Class A ordinary share upon consummation of the company’s initial business combination.

AI Infrastructure Acquisition’s units began trading on the New York Stock Exchange on October 3, 2025, under the ticker symbol “AIIA U,” and closed on October 6. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to trade under the symbols “AIIA” and “AIIA R,” respectively.

Jet.AI made a capital contribution to AIIA Sponsor Ltd., the sponsor of AI Infrastructure Acquisition, and holds a 49.5% ownership interest in AIIA Sponsor. 

Following the offering, AI Infrastructure Acquisition intends to focus on and pursue transaction opportunities with high-impact private technology companies advancing AI and machine learning capabilities, as well as those involved in building, operating, or enabling next-generation data center infrastructure.

The Loeb team included Capital Markets partner David Levine, senior counsel Dinh Doan and associate Jake Maslavi. 

For more information, please see AI Infrastructure Acquisition’s press release.