Jet.AI Withdraws Public Offering
Jet.AI (Nasdaq: JTAI) announced on December 30, 2025 that it has withdrawn its underwritten public offering of common stock.
Rhea-AI Summary
Jet.AI (Nasdaq: JTAI) announced on December 30, 2025 that it has withdrawn its underwritten public offering of common stock.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.
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Details
News Market Reaction – JTAI
In the Dec 30 session, JTAI declined 6.43%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- ATM offering size
- $3,540,848
- ATM common stock program via Maxim Group (424B5, Nov 21, 2025)
- Underwritten offering cap
- $10 million
- Potential underwritten public offering size in Hexstone/Ionic letter (8-K, Dec 8, 2025)
- Q3 2025 revenue
- $1,710,988
- Revenue for quarter ended Sep 30, 2025 (10-Q)
- Q3 2025 net loss
- $1,966,049
- Net loss for quarter ended Sep 30, 2025 (10-Q)
- Cash & equivalents
- $3,475,410
- Cash balance as of Sep 30, 2025 (10-Q)
- Moapa data center scale
- 50 MW
- Illustrative capacity of planned Moapa, Nevada data center campus (Dec 23, 2025 JV release)
- Series B conversion price
- $1.63
- Fixed leg of Series B conversion formula in Hexstone/Ionic amendment (8-K, Dec 8, 2025)
- Market cap
- $3,087,688
- Pre-news market capitalization from market_context
Historical Context
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Announced illustrative 50 MW Moapa data center JV with $10M JTAI commitment.
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Revealed Midwestern Canadian data center site with access to 2,000 MW hydro power.
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Noted 49.5% stake in AIIA Sponsor tied to $138M SPAC IPO.
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Reported lower Q3 revenue, operating loss and modest cash balance with continued losses.
-
Completed second milestone in Canadian hyperscale JV with added land and debt assumption.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
underwritten public offering financial
common stock financial
gpu technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI."
Forward-Looking Statements
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, with respect to the products and services offered by Jet.AI and the markets in which it operates, Jet.AI's projected future results, and Jet.AI’s perception of market conditions. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.
Jet.AI Investor Relations:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com
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