Jet.AI announces $300 million reverse takeover
Shareholders will receive approximately $10 per share in stock and cash, plus a data center spin-off.
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AI data center infrastructure developer
jet.aiLast updated
In short: Jet.AI closed a major merger with flyExclusive to pivot toward AI infrastructure and invested $1.75 million in a Canadian data center.
Shareholders will receive approximately $10 per share in stock and cash, plus a data center spin-off.
The proposed transaction would combine Jet.AI with a counterparty and spin off its data center business into a new public company, providing stockholders equity in two companies.
Stockholders receive pro rata distribution and merger consideration, with reserve shares for final purchase price adjustment.
Majority threshold exceeded; final vote on July 2, closing expected July 7.
Alberta is emerging as one of the fastest-growing hubs for data center development in North America. Several major developments are underway in the Canadian province...
LAS VEGAS and CALGARY, Alberta, July 29, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (NASDAQ: JTAI) ("Jet.AI" or the "Company"), an emerging provider of high-performance GPU...
On July 29, 2026, Jet AI Inc (NASDAQ: JTAI) announced a $1.75 million equity investment in...
Transaction Overview: Jet.AI has entered into a non-binding letter of intent with a private company, valuing the transaction at approximately $300 million, with a combined...
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