What are the expected timelines and milestones for the SPSP acquisition and potential IPO?

Timeline & Milestones

• August 13‑14 2025 – Capital‑contribution & Registration Filing
  
  Jet.AI’s $‑million‑scale contribution to AIIA Sponsor Ltd. was disclosed on Aug 14 2025, and on Aug 13 the SPAC (AI Infrastructure Acquisition Corp., ticker SPSP) filed its Form S‑1 with the SEC. The filing initiates the standard 30‑day “review” period, after which the SPAC can begin its road‑show and pricing. Historically, SPACs that file in early‑August aim to price and list their units within 45‑60 days, i.e., mid‑September to early‑October 2025.

• Mid‑Q3 2025 – Road‑show & Pricing
  
  Assuming the SEC completes its review within the typical 20‑30‑day window, the SPAC will launch a 2‑week road‑show in late September. Pricing of the units (typically $10‑$12 per unit) is expected by early October, with the first day of trading slated for the first week of October 2025.

• Q4 2025 – Business‑Combination Deadline
  
  The SPAC’s charter gives it 24 months from the IPO to complete a business combination. Given Jet.AI’s strategic capital infusion, the sponsor is expected to target an AI‑infrastructure acquisition (the “SPSP acquisition”) by **late‑2025 (Q4) and finalize the merger by early‑2026 to stay comfortably within the 24‑month window. The completion of the acquisition would trigger a potential secondary offering or a “back‑end” listing of the combined entity.

Trading Implications

• Short‑term volatility: The S‑1 filing and Jet.AI’s contribution are “positive‑signal” events. Expect an initial 5‑8 % price rally in JTAI (Nasdaq: JTAI) and a 10‑15 % bounce in SPSP’s pre‑IPO market (if quoted) as investors price in the likelihood of a successful IPO and subsequent acquisition. Watch for heightened volume around the August 13‑14 release and again during the road‑show (late September).
  
• Risk factors: Any SEC comment that extends the review beyond 30 days, or a delay in the road‑show, could push the IPO into November, adding a 2‑3 % downside on the SPAC’s price. Monitor the SEC “comments” log and the company’s 8‑K filings for any timeline changes.
  
• Actionable strategy: Long‑biased for the next 4‑6 weeks: buy at current dip (if any) with a stop‑loss around 10 % below entry. Consider selling half after the pricing announcement (typically a 5‑8 % upside) and hold the remainder through the Q4 acquisition, as successful completion could lift the post‑combination entity into the high‑growth AI‑infrastructure space, supporting a mid‑single‑digit to low‑double‑digit upside over the next 12‑18 months. Use a tight trailing stop (5‑7 %) after the IPO to protect against any regulatory or market‑timing setbacks.