May. 14 at 2:00 PM
$JTAI Did you know..
The Investment in
$AIIA on the NYSE
👇😘
We own 49.5% of the sponsor entity of AI Infrastructure Acquisition Corp. (NYSE: AIIA), having invested
$2.75 million of capital, and that sponsor entity in turn owns approximately 25% of AIIA. I also serve as Chairman and CEO of AIIA. On a mark-to-market basis, our interest in the sponsor entity represents our largest asset.
AIIA currently holds approximately
$138 million in trust and has about fifteen months remaining to complete a transaction unless shareholders approve an extension.
Through the sponsor entity, Jet.AI has an indirect interest in approximately 2.3 million Class B shares of AIIA. These shares are convertible into Class A shares, which last traded at
$10.00 per share, implying roughly
$23 million of gross value.
