Jet.AI Withdraws Public Offering

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Jet.AI (Nasdaq: JTAI) announced on December 30, 2025 that it has withdrawn its underwritten public offering of common stock.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

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

Market Reality Check

$0.7000 Last Close

Volume Volume 639,725 is 0.58x the 20-day average of 1,096,116, indicating subdued trading ahead of this news. low

Technical Shares at $0.70 are trading below the 200-day MA of $3.26 and 94.05% below the 52-week high of $11.77.

Peers on Argus 1 Up 2 Down

Pre-news, JTAI was down 3.94% while closely scored peers were mixed: IFBD up 0.92%, RYDE down 7.17%, FTFT down 6.75%, others flat. Momentum scanner shows BNZI and IFBD down and MASK up, with no common directional move, pointing to stock-specific factors rather than a sector-wide trend.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 23	Data center JV	Positive	-28.3%	Announced illustrative <b>50 MW</b> Moapa data center JV with $10M JTAI commitment.
Dec 04	Site selection	Positive	+4.6%	Revealed Midwestern Canadian data center site with access to <b>2,000 MW</b> hydro power.
Nov 19	IPO participation	Neutral	-2.4%	Noted 49.5% stake in AIIA Sponsor tied to <b>$138M</b> SPAC IPO.
Nov 14	Earnings update	Negative	-8.7%	Reported lower Q3 revenue, operating loss and modest cash balance with continued losses.
Nov 07	Milestone achieved	Positive	+2.8%	Completed second milestone in Canadian hyperscale JV with added land and debt assumption.

Pattern Detected

Across the last five news events, JTAI’s price usually moved in the expected direction, with one notable selloff of 28.27% after positive JV news suggesting sensitivity to financing and execution risk.

Recent Company History

Over the past months, Jet.AI has pivoted toward AI data centers while juggling financing and corporate restructuring. Milestones include Canadian hyperscale data center progress, a Moapa 50 MW JV concept, and participation in AI Infrastructure Acquisition Corp’s $138M IPO structure. Earnings and the Q3 10-Q highlighted revenue of about $1.7M and ongoing losses with going-concern language. Today’s withdrawal of an underwritten offering follows earlier capital-access steps like an ATM and preferred stock amendments.

Market Pulse Summary

This announcement removes a previously planned underwritten public offering, following earlier steps such as an ATM program and preferred stock amendments. Recent filings showed Q3 revenue of about $1.7M, ongoing net losses, and going-concern language as Jet.AI shifts toward AI data centers. Investors may track future capital-raising approaches, progress on Canadian and Moapa data center milestones, and any updates to the flyExclusive transaction and spin-off structure.

Key Terms

underwritten public offering financial

"it has withdrawn the underwritten public offering of its common stock."

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

common stock financial

"it has withdrawn the underwritten public offering of its common stock."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

gpu technical

"an emerging provider of high-performance GPU infrastructure and AI cloud services"

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

AI-generated analysis. 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

FAQ

Why did Jet.AI (JTAI) withdraw its public offering on December 30, 2025?

Jet.AI said it withdrew the offering because current market conditions were not conducive to terms it believed were in stockholders' best interests.

Does Jet.AI (JTAI) plan to refile the withdrawn public offering?

The announcement did not disclose any plan or timeline to refile the offering.

How does the withdrawal of the offering affect Jet.AI (JTAI) shareholders immediately?

The company stated the offering was withdrawn; no immediate capital, dilution, or financial details were provided in the announcement.

Did Jet.AI (JTAI) provide details on the size or price of the withdrawn offering?

No; the announcement did not include offering size, price range, or underwriting terms.

Where can investors find further updates about Jet.AI (JTAI) capital plans after the December 30, 2025 withdrawal?

Investors should monitor Jet.AI public filings and company announcements for any future disclosures on capital plans.