Las Vegas, NV, Dec. 30, 2025 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that it has withdrawn the underwritten public offering of its common stock. This reflects the Company’s belief that current market conditions were not conducive for an offering on terms that would be in the best interests of the Company's stockholders. About Jet.AI Jet.AI Inc. is a technology-driven company ...

Jet.AI Inc. (NASDAQ:JTAI) is one of the AI Stocks on Market Radar. On December 23, the company announced a planned joint venture with Choo Choo Express LLC, a Nevada-based infrastructure development and construction firm, for the development of a planned 50-megawatt data center campus in Moapa, Clark County, Nevada. Owing to an existing power, gas, fiber, and transmission infrastructure, Moapa campus stands as one of the few remaining sites in the Southwest that can support hyperscale inference workloads ...

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U.S. stock futures were mostly lower this morning, with the Nasdaq 100 futures slipping around 0.1% on Wednesday.Shares of SeaStar Medical Holding Corp (NASDAQ:ICU) fell sharply in pre-market trading after the company announced a 1-for-10 reverse split.SeaStar Medical Holding shares dipped 9.5% to $0.21 in pre-market trading.Here are some other stocks moving lower in pre-market trading.Coincheck Group NV (NASDAQ:CNCK) dipped 11% to $2.28 in pre-market trading.Ascent Solar Technologies, Inc. (NASDAQ:ASTI) di ...

Core Insights - Jet.AI Inc. announced a planned joint venture with Choo Choo Express LLC to develop a 50-megawatt data center campus in Moapa, Nevada, with an estimated enterprise value of approximately $500 million [1][10]. Project Overview - The data center will be developed on approximately 20 acres of land in Moapa, with CCE expected to contribute the land to the joint venture [6]. - The site is strategically located near existing utility corridors and a major roadway, adjacent to a remediated coal plant that operates as a 200-megawatt battery energy storage facility [5][7]. Financial Commitments - Jet.AI plans to invest around $10 million over a two-year period, contingent on achieving specific development and infrastructure milestones [8]. - The enterprise value of a fully developed 50-megawatt data center is estimated to consist of about $400 million in project debt and $100 million in equity, with Jet.AI expected to receive approximately 70% of the equity promote [10]. Economic Projections - In a fully de-levered scenario, the equity portion could represent about 25% of the total enterprise value, equating to approximately $125 million [11]. - Based on the initial $10 million investment, the projected return could be around 1.5x during the development period and up to 11.5x over a longer-term horizon as debt is repaid [11]. Strategic Advantages - The Moapa campus is one of the few sites in the Southwest capable of supporting hyperscale inference workloads, offering low-latency connectivity to California and key Southwestern markets [7]. - The joint venture benefits from CCE's extensive experience in large-scale data center operations and local development knowledge [9].

Core Insights - Jet.AI Inc. and Convergence Compute LLC announced the location for a new data center campus in Midwestern Canada to meet the rising demand for AI and high-density computing in North America [1][5] - The campus is strategically located 10 miles south of Winnipeg, MB, covering approximately 350 acres with access to essential energy and network infrastructure [2][3] Infrastructure and Development - The site is adjacent to an electrical substation and a natural-gas substation, providing significant energy resources, including 2,000 MW of hydroelectric power [2][4] - The campus benefits from a 115-kV transmission corridor overhead, ensuring scalable and cost-efficient power access [2] - Convergence Compute has completed its first two development milestones and is ahead of schedule on the third, indicating strong progress in the project [5] Strategic Importance - Winnipeg's location along major fiber corridors allows for low-latency connectivity across Canada and into the United States, essential for AI and cloud-scale operations [3] - The site offers a unique opportunity for gigawatt-scale development in North America, driven by robust transmission infrastructure and direct access to natural gas [5][6] - Industry leaders emphasize the difficulty in securing energy-advantaged sites as AI compute demand accelerates, highlighting the strategic value of this location [6] Company Background - Jet.AI, founded in 2018, is expanding its focus from private aviation services to investments in AI and data center sectors, leveraging expertise in data center development [9] - The company aims to build high-performance infrastructure to support the increasing computational demands of artificial intelligence [9]

As filed with the Securities and Exchange Commission on December 1, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Jet.AI Inc. (Exact name of registrant as specified in its charter.) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Number) Delaware 4522 93-2971741 (IRS Employer Identification No.) 10845 Griffith Peak Dr. Suite 200 Las ...

As filed with the Securities and Exchange Commission on December 1, 2025. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Jet.AI Inc. (Exact name of registrant as specified in its charter.) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Number) Delaware 4522 93-2971741 (IRS Employer Registration No. 333- Copies to: Kate L. Bechen M. Ali Panjwani Peter F. Waltz ...

Core Viewpoint - Jet.AI Inc. is positioned as a leader in high-performance GPU infrastructure and AI cloud services, with significant ownership in AI Infrastructure Acquisition Corp, which is focused on advancing AI and data center technologies [1][2][3] Company Overview - Jet.AI was founded in 2018 and is based in Las Vegas, NV, initially providing private aviation services and now expanding into AI and data center investments [4] - The company aims to build scalable, high-performance infrastructure to meet the growing computational demands of artificial intelligence [4] Ownership and Financials - Jet.AI holds a 49.5% ownership interest in AIIA Sponsor Ltd., which in turn holds approximately 25% of AI Infrastructure Acquisition Corp [2] - AI Infrastructure Acquisition Corp successfully completed an upsized initial public offering of $138 million on October 6, 2025 [2] Strategic Developments - Jet.AI is making progress on its Canada data center project, which is expected to deliver substantial returns once fully developed and tenanted [3] - The company believes its current market capitalization does not reflect the potential value of its ownership interest in the Sponsor [3]

Core Insights - Jet.AI Inc. reported its third-quarter financial results for 2025, highlighting a significant decrease in revenues and ongoing progress in its Canadian Hyperscale Data Center Project [1][5][10]. Financial Performance - Revenues for Q3 2025 were $1.7 million, down from $3.9 million in Q3 2024, primarily due to reduced revenue from Cirrus Charter and Jet Card services [5][10]. - For the nine months ended September 30, 2025, total revenues were $7.4 million, compared to $10.8 million in the same period last year, reflecting a similar trend of declining revenues [10][11]. - The company reported a gross loss of approximately $288,000 for Q3 2025, compared to a loss of $14,000 in Q3 2024, driven by reduced flight activity without a corresponding decrease in fixed costs [8][20]. - Operating expenses decreased to $1.7 million in Q3 2025 from $2.9 million in Q3 2024, mainly due to lower general and administrative expenses [8][20]. - As of September 30, 2025, Jet.AI had cash and cash equivalents of approximately $3.5 million, down from $5.9 million at the end of 2024 [9][18]. Operational Highlights - The company successfully completed the second milestone of its Canadian Hyperscale Data Center Project and is making significant progress towards the third milestone [4][6]. - The Transmission Power Load Study application for the Midwestern Project is nearly complete, and discussions with the natural gas utility supplier are ongoing [4]. - For the Maritime Project, negotiations with a power producer are advancing towards a Letter of Intent (LOI) to acquire power from a proposed wind farm [4]. Strategic Initiatives - Jet.AI's management emphasized the successful closing of the AI Infrastructure Acquisition Corp.'s IPO, which added approximately $20 million to the company's book equity [3][6]. - The company has extended the outside date for its merger agreement with flyExclusive to December 31, 2025, amid a government shutdown affecting SEC reviews [3][6].