MergerJul 14, 2026, 08:31 AM
Jet.AI Plans $320M Business Combination & Data Center Spin-Off
AI Summary
Jet.AI Inc. announced a non-binding letter of intent for a proposed business combination with a privately held operating company, valued at approximately $320 million. As part of this transaction, Jet.AI plans to spin off its data center business into a new independent public company, with shares distributed to existing Jet.AI stockholders. This move is designed to provide stockholders with equity in two public companies, with the combined entity continuing under the JTAI ticker and the new data center company reserving the DCTR ticker.
Key Highlights
- Jet.AI entered a non-binding LOI for a business combination with a private company.
- Proposed transaction is expected to be priced at approximately $320 million total enterprise value.
- Jet.AI shareholders to receive approximately $20 million (5-6%) of the pro-forma company.
- Jet.AI will spin off its data center business into a new independent public company.
- Shares of the new company will be distributed to existing Jet.AI stockholders.
- NASDAQ ticker symbol DCTR has been reserved for the new data center company.
Price Impact
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