0001493152-26-011988
SEC filingAI Infrastructure Acquisition Corp. (AIIA), a blank check company formed in May 2025, reported net income of $1.1M for FY 2025 ended December 31, 2025, its inaugural period post-IPO. This result stemmed entirely from interest income of $1.3M, primarily $1.3M from the Trust Account holding IPO proceeds, offsetting $172K in general and administrative expenses and a $172K operating loss. No operating revenues were generated, as activities focused on the October 2025 IPO raising $138M in gross proceeds (13,800,000 units at $10.00), with $138M placed in trust invested in U.S. treasuries. Balance sheet highlights include total assets of $140.5M, driven by $139.3M Trust Account investments, $1.2M cash equivalents, and shareholders' equity of $1.1M. Cash flows reflected -$33K used in operations, -$138M in investing (trust purchases), and $139.3M from financing. As a pre-merger SPAC targeting AI infrastructure with 18 months to complete a business combination by April 2027, liquidity outside trust ($1.2M cash) supports ongoing search efforts amid no prior-year comparables.
AI Infrastructure Acquisition Corp., a Cayman Islands SPAC, posted net income of $1.1M for FY 2025 (inception May 13 to December 31), with no prior periods for comparison. Operating loss was $172K from general/admin expenses, offset by $1.3M other income ($15K interest, $1.3M trust). IPO completed October 6 raised $138M gross ($13.8M units at $10), netting $139.3M to trust after private placement. No revenues as pre-business combination; focus on target search in AI infrastructure. Balance sheet: assets $140.5M (trust $139.3M, cash $1.2M); liabilities $132K; equity $1.1M. Cash flows: operations -$33K, investing -$138M, financing +$139.3M; ending cash $1.2M.
No operating revenues disclosed; company has not commenced substantive operations beyond IPO and target evaluation. All income from trust interest ($1.3M), reflecting $138M IPO proceeds invested in U.S. treasuries/money market funds per Rule 2a-7. No segment or geographic breakdowns applicable.
Not applicable; no revenue or gross profit. Operating margin negative due to $172K expenses on zero revenue. Net profitability solely from non-operating interest, yielding $1.1M income. Expenses: primarily legal/professional ($42K+ audit $50K), sponsor admin $30K, NYSE/transfer fees.
Operating cash use -$33K (net income $1.1M adjusted for $1.3M trust interest, prepaid/accruals). Investing: -$138M trust purchases. Financing: +$139.3M (IPO $138M, private $4.1M less fees $2.1M+$726K). Balance sheet liquid: current assets $1.2M cash/prepaids; trust $139.3M; liabilities $132K (sponsor $30K, other $102K); redeemable shares $139.3M; equity $1.1M (APIC $1.3M less $157K deficit). Working capital $1.1M supports search.
Management anticipates trust interest/ $1.2M outside cash funds operations to Combination Period end (April 2027). No guidance on targets; actively sourcing AI/high-performance computing/data centers globally (enterprise value >$100M). Risks: completion deadline, redemptions, competition, CFIUS. No extensions sought; no redemptions YTD.