Quarterly ResultMay 12, 2026, 04:23 PM
AI Infrastructure Acquisition Corp. Q1 Net Income $1.07M; Trust $140.48M
AI Summary
AI Infrastructure Acquisition Corp. reported a net income of $1.07 million for the three months ended March 31, 2026, primarily driven by $1.22 million in interest income from its Trust Account. As a blank check company, it held $140.48 million in its Trust Account and $1.12 million in cash and cash equivalents. Management identified substantial doubt about the company's ability to continue as a going concern if a business combination is not completed by April 6, 2027.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,071,471.
- Investments held in the Trust Account totaled $140,479,489 as of March 31, 2026.
- Cash and cash equivalents were $1,119,332 as of March 31, 2026.
- Total assets stood at $141,603,923 as of March 31, 2026.
- Total liabilities were $167,021 as of March 31, 2026.
- Basic and diluted income per share was $0.06 for the quarter.
- The company has until April 6, 2027, to complete a business combination.
- Management noted substantial doubt about the company's ability to continue as a going concern.