RELATED PARTY TRANSACTIONS |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 7 – RELATED PARTY TRANSACTIONS
See Note 4 for discussion of the Company’s related party investment in Sponsor. Sponsor was founded and organized by certain of the Company’s executive officers and directors, who also serve as officers or directors of AI Acquisition, with capital commitments from Sponsor’s founders and the Company.
Commencing on the effective date of AI Acquisition’s IPO, the Sponsor agreed to pay the Company a total of up to $10,000 per month for office space, utilities, secretarial and administrative support to the Sponsor and AI Acquisition. Upon completion of AI Acquisition’s initial business combination or AI Acquisition’s liquidation, the Sponsor will cease paying these monthly fees. For the six months ended June 30, 2026, the Company recorded income of $60,000 from the Sponsor under the Administrative Services Agreement, which is included in other income in the consolidated statements of operations. As of June 30, 2026 and December 31, 2025, the Company has recorded a receivable from Sponsor of $0 and $30,000, respectively, which is included in accounts receivable in the consolidated balance sheets.
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