AI Infrastructure Acquisition Corp.

AIIA: 10-Q · periodic report

AI Infrastructure Acquisition Corp., a blank check company, filed its 10-Q for the quarter ended June 30, 2026 with no operations, no revenue, and no Business Combination target under definitive agreement. Its Trust Account held $141,722,933 at quarter-end, equal to $10.27 per public share. The SPAC reported Q2 net income of $1,087,076, driven by $1,243,443 of interest earned on the Trust Account and offset by $165,227 of general and administrative expenses. Six-month net income was $2,158,548. The company has entered into confidentiality agreements with certain potential targets and engaged an investment bank on one prospect, but has not signed a letter of intent or term sheet. It must complete an initial Business Combination by April 6, 2027 or redeem 100% of public shares and liquidate. Management's going-concern disclosure, which cites substantial doubt from the mandatory liquidation deadline, is standard SPAC language rather than financial distress. Still, cash outside the trust fell to $858,302 after $375,713 of first-half operating cash use, and future needs may require sponsor working capital loans.

SEC 10-Q•2mo ago