Jet.AI Inc. Stock Price, News & Analysis

Jet.AI (Nasdaq: JTAI) announced an amendment to its merger agreement with flyExclusive executed February 11, 2026, removing a closing condition that required a new $50 million preferred-stock financing and related warrant issuance.

The company said it now has sufficient positive net working capital to meet the merger's minimum cash closing condition, has no preferred stock outstanding, and will not proceed with the $50 million financing; flyExclusive consented to limited M&A flexibility that would close only after the proposed merger. The transaction remains subject to customary closing conditions and may not be consummated.

Jet.AI (NASDAQ: JTAI) provided its 2026 shareholder letter outlining data center development progress, a near-term sale of its aviation unit to flyExclusive, and its stake in AI Infrastructure Acquisition Corp (AIIA).

Key metrics: ~$9 million cash, no debt, 49.5% ownership of an AIIA sponsor interest (valued ~$17M), and planned 2026 capital needs of ~$6.1M.

Jet.AI (Nasdaq: JTAI) and flyExclusive (NYSE American: FLYX) said they extended the merger agreement outside date to April 30, 2026, and expect the transaction to close in the first quarter of 2026. Both companies' founders — Jet.AI Founder and Executive Chairman Mike Winston and flyExclusive CEO Jim Segrave — reiterated firm commitment to completing the deal.

This updates the timeline for the previously agreed transaction and confirms both parties remain supportive of closing within the new timeframe.

Jet.AI (Nasdaq: JTAI) announced on December 30, 2025 that it has withdrawn its underwritten public offering of common stock.

The company said the withdrawal reflects its view that current market conditions were not conducive to an offering on terms that would be in the best interests of its stockholders. No offering size, pricing, or resubmission timeline was disclosed.

Jet.AI (NASDAQ: JTAI) announced a planned joint venture with Choo Choo Express to develop a 50 MW data center campus on ~20 acres in Moapa, Nevada, dated Dec 23, 2025. Management cites an illustrative enterprise value ≈ $500M for a fully developed 50 MW project, comprised of roughly $400M project debt and $100M equity. Jet.AI expects to commit $10M over ~two years, with equity “promote” allocated ~70% to Jet.AI / 30% to CCE, implying ~$25M prospective value to Jet.AI at stabilization. The site adjoins a remediated coal plant converted to a 200 MW battery facility and existing utilities. Terms remain subject to definitive agreements, diligence, and milestones.

Jet.AI (Nasdaq: JTAI) and its joint venture Convergence Compute announced the selected site for a Midwestern Canadian data-center campus, located 10 miles south of Winnipeg, MB, on roughly 350 contiguous acres. The site sits adjacent to an electrical substation, a regional natural-gas substation, high-speed fiber corridors and the Riel Converter Substation which supplies 2,000 MW of hydroelectric power via the Bipole III HVDC line.

Convergence Compute cited direct access to a long-haul natural-gas pipeline on the property, low-latency east–west fiber connectivity into Canada and the U.S., and said it has completed two development milestones and is ahead of schedule on a third, positioning the campus for gigawatt-scale hyperscale deployments.

Jet.AI (Nasdaq: JTAI) announced that AI Infrastructure Acquisition Corp (NYSE: AIIAU) will ring the NYSE Opening Bell on November 19, 2025.

Jet.AI said it made a capital contribution in August 2025 and holds a 49.5% ownership interest in AIIA Sponsor Ltd, which in turn holds approximately a 25% ownership interest in AI Infrastructure Acquisition Corp. AI Infrastructure Acquisition Corp closed an upsized $138 million initial public offering on October 6, 2025. Certain Jet.AI executive officers and directors serve as officers and/or directors of AI Infrastructure Acquisition Corp and Sponsor.

Jet.AI (Nasdaq: JTAI) reported Q3 2025 results and progress on the Canadian Hyperscale Data Center Project on November 14, 2025. Q3 revenue was $1.7M versus $3.9M year-ago; nine-month revenue was $7.4M versus $10.8M. The company reported a Q3 operating loss of $2.0M (improved from $2.9M) and cash and cash equivalents of approximately $3.5M as of September 30, 2025.

Operationally, Jet.AI closed a minority stake benefit from AI Infrastructure Acquisition Corp.’s IPO that increased book equity by about $20M, extended the flyExclusive merger outside date to December 31, 2025, and reported substantial progress toward the third milestone of its Canadian data center project with Consensus Core.

Jet.AI (Nasdaq: JTAI) and Consensus Core completed the second milestone for Midwestern and Maritime Canadian hyperscale data center projects on Nov 7, 2025.

Key facts: Jet.AI contributed $1.7M, the joint venture assumed $1.8M of unsecured debt and interest from Consensus Core, Consensus Core contributed 100% equity of the Midwestern Project, and a Letter of Intent was executed to acquire 350 acres adjacent to existing Midwestern property (vs. previously anticipated 100 acres). Jet.AI completed the Maritime site inspection. Next milestone focuses on securing power supply and transmission approvals; expected proceeds from a closing would largely repay assumed debt.