Jet.AI (JTAI)
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Jet.AI Adopts Limited Duration Stockholders Rights Agreement
Globenewswire· 2026-02-13 21:05
Core Viewpoint - Jet.AI Inc. has adopted a limited duration stockholders rights agreement to protect stockholders in the event of a takeover and ensure fair treatment for all stockholders [1][6] Group 1: Rights Agreement Details - The rights agreement includes a dividend distribution of one preferred share purchase right for each outstanding share of common stock [1][6] - The rights become exercisable if a person or group acquires 10% or more of the Company's outstanding common stock, allowing stockholders to buy one one-thousandth of a share of a new series of junior participating preferred stock [2][3] - If a person or group acquires 10% or more of the Company's common stock, each right allows the holder to purchase common shares with a market value of twice the price [3] - The rights are redeemable for one cent per right at the option of the Board before any acquisition of 10% ownership [4] Group 2: Implementation and Expiration - The dividend distribution will occur on February 24, 2026, and is not taxable to stockholders [6] - The rights will expire on February 12, 2027, unless redeemed or exchanged earlier [6] Group 3: Company Overview - Jet.AI Inc. focuses on deploying artificial intelligence tools and infrastructure to enhance decision-making and performance across complex systems [7]
Jet.AI Provides Capital Structure and Strategic Update in Connection with Merger Agreement Amendment
Globenewswire· 2026-02-12 13:30
Core Viewpoint - Jet.AI Inc. has made significant updates regarding its capital structure and financing arrangements in connection with a merger agreement with flyExclusive, indicating improved financial stability and strategic flexibility for future opportunities [1][2][4]. Group 1: Capital Structure and Financing - The newly executed amendment to the merger agreement eliminates the requirement for Jet.AI to secure a $50 million financing arrangement with a third-party investor, as the company has sufficient positive net working capital to meet the minimum cash closing condition [2][3]. - Jet.AI confirmed that it no longer has any preferred stock outstanding, further strengthening its capital position [2]. Group 2: Strategic Flexibility - The amendment allows Jet.AI to pursue additional merger and acquisition opportunities, provided these transactions are conditioned upon the completion of the merger with flyExclusive [4]. - The proposed transaction with flyExclusive remains subject to customary closing conditions, and there is no assurance that it will be completed as currently contemplated [5].
Annual Letter to Shareholders: Data Center Developments
Globenewswire· 2026-02-02 13:30
Core Insights - Jet.AI Inc. is focused on high-performance GPU infrastructure and AI cloud services, with significant operational developments and strategic priorities for 2026 [1][40] - The company has approximately $9 million in cash and no debt, providing a stable platform for future projects [2] - Jet.AI is in the final stages of selling its aviation business to flyExclusive, which will result in shareholders owning two distinct securities: JTAI and FLYX [4][5] Financial Position - The company has a cash balance of approximately $9 million and no debt, allowing for operational flexibility [2] - The sale of the aviation business is expected to provide significant value, with an estimated $13.4 million return for shareholders based on the recent share price of flyExclusive [8] Strategic Projects - Jet.AI is investing in three data center projects in Manitoba and the Canadian Maritimes, with a potential total value of $300 million if all projects reach the powered-land stage [12][23] - The Manitoba project has a development potential of multi-hundred megawatts, with an implied value of $100 to $200 million for Jet.AI's 17.5% GP stake [30][27] - The Maritimes project is expected to support approximately 500 megawatts of capacity, with an implied value of approximately $88 million for Jet.AI's GP equity stake [35] Investment in AIIA - Jet.AI owns 49.5% of the sponsor entity of AI Infrastructure Acquisition Corp. (AIIA), representing its largest asset on a mark-to-market basis [9] - AIIA currently holds approximately $138 million in trust and has about fifteen months to complete a transaction [10] Future Financing and Growth - The company plans to pursue external financing through various tools, including a $50 million facility and a $250 million shelf registration [21] - The rapid expansion of the data center industry is reflected in public-market pricing, with significant valuations for hyperscale data center operators [22] Closing Remarks - The company emphasizes the importance of aligning with the growing demand for computing infrastructure and technological advancements in AI [39]
Jet.AI and flyExclusive Remain Committed to Transaction – Closing Expected in the First Quarter of 2026
Globenewswire· 2026-01-14 14:15
Core Viewpoint - Jet.AI Inc. has announced an extension of the merger agreement with flyExclusive to April 30, 2026, with the closing expected in the first quarter of 2026 [1] Group 1: Company Overview - Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems [2] - The company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI" [2] Group 2: Merger Details - The merger agreement between Jet.AI and flyExclusive was originally dated May 6, 2025, and has been amended [3] - flyExclusive has filed a Registration Statement on Form S-4 to register shares of its common stock that will be issued in connection with the proposed transactions [3] Group 3: Statements from Executives - Jet.AI's Founder and Executive Chairman, Mike Winston, expressed excitement and commitment to the merger deal [2] - flyExclusive's Founder and CEO, Jim Segrave, also stated their enthusiastic commitment to the deal [2]
Why Gelteq Shares Are Trading Higher By 50%; Here Are 20 Stocks Moving Premarket - AlphaTON Capital (NASDAQ:ATON), Autolus Therapeutics (NASDAQ:AUTL)
Benzinga· 2026-01-14 10:26
Group 1: Company Performance - Gelteq Ltd (NASDAQ:GELS) shares rose sharply by 50.1% to $1.25 in pre-market trading after reporting positive preclinical results for its cannabinoid oral gel delivery platform [1][2] - The proprietary oral gel platform achieved a greater than 22% increase in the bioavailability of cannabidiol compared to an existing FDA-approved oil-based product [1] Group 2: Other Notable Stock Movements - Inspire Veterinary Partners Inc (NASDAQ:IVP) gained 141.3% to $0.056 after filing a Certificate of Amendment to increase its authorized Class A common stock from 100 million to 700 million shares [5] - Oriental Culture Holding Ltd (NASDAQ:OCG) rose 40.8% to $0.016 following the board's approval of a special cash dividend of 5 cents per share [5] - XCF Global Inc (NASDAQ:SAFX) gained 30.2% to $0.22 after announcing expansion financing plans [5] - AiRWA Inc (NASDAQ:YYAI) rose 15.8% to $1.46 after a director purchased 1.109 million shares at an average price of $1.35 per share [5] - Autolus Therapeutics PLC (NASDAQ:AUTL) gained 7.3% to $1.47 after announcing preliminary fourth-quarter and FY25 revenue results [5] Group 3: Declining Stocks - Briacell Therapeutics Corp (NASDAQ:BCTX) fell 53.1% to $5.12 after announcing the pricing of a $30 million public offering [5] - Moolec Science SA (NASDAQ:MLEC) fell 19.8% to $3.94 after a previous jump of 19% [5] - Hub Cyber Security Ltd (NASDAQ:HUBC) fell 19.1% to $0.43 after gaining 56% on the previous day [5] - Trip.com Group Ltd (NASDAQ:TCOM) dipped 9.3% to $68.55 amid an investigation by China's SAMR for potential anti-monopoly violations [5]
Jet.AI Withdraws Public Offering
Globenewswire· 2025-12-30 15:48
Core Viewpoint - Jet.AI Inc. has withdrawn its underwritten public offering of common stock due to unfavorable market conditions, believing that proceeding would not be in the best interests of its stockholders [1] Company Overview - Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems [2] - The company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI" [2]
Jet.AI (JTAI) to Invest $10 Million in New AI Data Center Campus Near Las Vegas
Yahoo Finance· 2025-12-27 07:30
Group 1 - Jet.AI Inc. announced a planned joint venture with Choo Choo Express LLC to develop a 50-megawatt data center campus in Moapa, Clark County, Nevada [1][4] - The Moapa campus is one of the few sites in the Southwest capable of supporting hyperscale inference workloads due to its existing power, gas, fiber, and transmission infrastructure [2] - Jet.AI will invest an estimated $10 million over a two-year period, contingent on achieving specific development and infrastructure milestones, while CCE will contribute the land [3] Group 2 - CCE personnel have significant experience in the design, construction, and operation of large-scale data centers, which will benefit the joint venture [4] - The announcement builds on Jet.AI's earlier plans for a data center campus in Clark County, indicating a strategic focus on expanding its infrastructure capabilities [4]
SeaStar Medical, Jet.AI And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session - Ascent Solar Technologies (NASDAQ:ASTI), Coincheck Group (NASDAQ:CNCK)





Benzinga· 2025-12-24 13:06
Core Viewpoint - U.S. stock futures are mostly lower, with Nasdaq 100 futures down approximately 0.1% [1] Group 1: Company Movements - SeaStar Medical Holding Corp (NASDAQ:ICU) shares fell 9.5% to $0.21 in pre-market trading following a 1-for-10 reverse split announcement [1] - Coincheck Group NV (NASDAQ:CNCK) decreased by 11% to $2.28 in pre-market trading [2] - Ascent Solar Technologies, Inc. (NASDAQ:ASTI) dropped 7.6% to $4.67 after a 30% increase on Tuesday [2] - Jet.AI Inc (NASDAQ:JTAI) fell 5.3% to $0.82 after a 28% decline on Tuesday, despite announcing a joint venture with Choo Choo Express for a 50-mw data center in Nevada [2] - Lifestance Health Group Inc (NASDAQ:LFST) declined 3.7% to $6.80 in pre-market trading [2] - Precision Drilling Corp (NYSE:PDS) fell 3.3% to $66.96 in pre-market trading [2] - Vasta Platform Ltd (NASDAQ:VSTA) decreased by 3.1% to $4.80 in pre-market trading [2]
SeaStar Medical, Jet.AI And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Benzinga· 2025-12-24 13:06
Core Viewpoint - U.S. stock futures are mostly lower, with Nasdaq 100 futures down approximately 0.1% [1] Group 1: Company Movements - SeaStar Medical Holding Corp (NASDAQ:ICU) shares fell 9.5% to $0.21 in pre-market trading following a 1-for-10 reverse split announcement [1] - Coincheck Group NV (NASDAQ:CNCK) decreased by 11% to $2.28 in pre-market trading [2] - Ascent Solar Technologies, Inc. (NASDAQ:ASTI) dropped 7.6% to $4.67 after a 30% increase on Tuesday [2] - Jet.AI Inc (NASDAQ:JTAI) fell 5.3% to $0.82 after a 28% decline on Tuesday, despite announcing a joint venture for a 50-mw data center in Nevada [2] - Lifestance Health Group Inc (NASDAQ:LFST) declined 3.7% to $6.80 in pre-market trading [2] - Precision Drilling Corp (NYSE:PDS) fell 3.3% to $66.96 in pre-market trading [2] - Vasta Platform Ltd (NASDAQ:VSTA) decreased by 3.1% to $4.80 in pre-market trading [2]
Jet.AI Inc. JV for 50MW Data Center Campus in Moapa, Nevada
Globenewswire· 2025-12-23 14:15
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].