Welcome to our dedicated page for Jet.AI news (Ticker: JTAI), a resource for investors and traders seeking the latest updates and insights on Jet.AI stock.
Jet.AI Inc. reports developments tied to its transition toward artificial intelligence infrastructure, including high-performance GPU infrastructure, AI cloud services, and data center project activity. Company updates have covered Convergence Compute LLC hyperscale data center campus milestones, power and site-development items, and operating and financial results.
Other recurring Jet.AI news concerns capital-structure and governance actions, including common-stock split activity, Nasdaq listing-compliance matters, share repurchase authorization, stockholder voting matters, risk-factor disclosures, and material agreements. The company has also disclosed an SPV-based economic interest in equity certificates tied to SpaceX preferred stock.
Jet.AI (NASDAQ:JTAI) set a Special Meeting for June 11, 2026 for shareholders to vote on an all-stock transaction with flyExclusive (NYSE American: FLYX) and an AI-focused pivot.
Shareholders would receive flyExclusive stock for aviation assets and retain all Jet.AI equity as a pure-play AI infrastructure and cloud services company.
Jet.AI (Nasdaq:JTAI) reported Q1 2026 results and strategic updates. As of March 31, 2026, it held about $13.5 million in cash and no debt, approved a $5 million share repurchase, and expects to close its merger with flyExclusive in Q2 2026.
The company acquired a $5 million economic interest in SpaceX, valued its stake in AI Infrastructure Acquisition Corp at ~$17.2 million, and advanced milestones across Midwestern, Maritime, Manitoba and Moapa AI data center projects via its Convergence Compute joint venture.
Jet.AI (Nasdaq: JTAI) announced that the Registration Statement on Form S-4 filed by flyExclusive (NYSE American: FLYX) related to the proposed merger has been declared effective by the SEC, moving the transaction into stockholder approval and closing phases. The company expects a special meeting on June 11, 2026 with a record date of May 8, 2026. Jet.AI intends to file its definitive proxy on May 4, 2026 and expects to mail proxy materials on or about May 11, 2026. The proxy will include voting procedures and risk factors for the proposed transactions.
flyExclusive (NYSE American: FLYX) announced that the Form S-4 related to its planned acquisition of Jet.AI’s aviation operating business has been declared effective by the SEC on May 1, 2026. The S-4 effectiveness advances the deal toward a Jet.AI stockholder vote and closing.
The transaction will transfer Jet.AI aviation assets, including Citation and HondaJet aircraft, and growth capital into flyExclusive’s vertically integrated platform, support planned delivery of three Citation CJ3 aircraft beginning in 2027, and aims to expand network capacity, utilization, and liquidity.
Jet.AI (Nasdaq: JTAI) and flyExclusive agreed to extend the merger outside date to June 30, 2026, with closing expected in the second quarter of 2026. The companies said SEC review comments on flyExclusive’s 2023 disclosures were addressed and resolved.
flyExclusive refiled its Form S-4 on April 14, 2026; the definitive proxy will be mailed after SEC effectiveness, followed by an approximately 30-day shareholder solicitation and a special meeting before closing, subject to customary closing conditions.
Jet.AI (Nasdaq: JTAI) announced a $5 million strategic investment via an SPV that held equity in xAI, now acquired by SpaceX, to gain economic exposure to SpaceX, xAI/Grok, Starlink and X.
Jet.AI says the move supports its pivot to high-performance AI infrastructure and could benefit from a potential SpaceX IPO targeting a $1.75T–$2T valuation and a possible $75B capital raise; timing remains fluid with a prospectus expected in late May 2026.
Jet.AI (Nasdaq: JTAI) announced a 1-for-200 reverse stock split effective before market open on April 8, 2026. The company will convert every 200 shares into one share, change its CUSIP to 47714H407, and expects ~646,812 shares outstanding post-split from 129,362,471.
The split is intended to help the company maintain Nasdaq minimum bid-price compliance, make additional shares available for future issuance, and will result in cash payments for fractional shares; par value and authorized shares remain unchanged.
Jet.AI (Nasdaq: JTAI) announced that its Board authorized a $5.0 million share repurchase program on March 17, 2026. The program permits purchases through open-market, negotiated transactions, 10b5-1 plans, accelerated repurchases, or combinations, and may be modified or suspended at the company's discretion.
The company said repurchases will be considered when market price meaningfully understates intrinsic value and when buybacks compete favorably with other capital uses, while preserving financial flexibility for projects and opportunities.
Jet.AI (Nasdaq: JTAI) and Consensus Core completed the third milestone package for their joint venture Convergence Compute's Midwestern and Maritime hyperscale data center campuses on March 16, 2026.
Midwestern milestones: submission of a Transmission Power Load Study Application and natural gas supply confirmation for up to six turbines. Maritime milestones: an executed letter of intent to acquire hydro and proposed wind power and assignment of Consensus Core’s lease rights for the Maritime project to Convergence Compute.
Jet.AI (Nasdaq: JTAI) reported full-year 2025 results and operational progress toward hyperscale AI data centers. Key financials: $13.7 million cash as of March 5, 2026 (vs. $1.8 million at 2025 year-end) and net income $4.6 million in 2025 (vs. -$12.7 million in 2024). The company has no debt and access to a $250 million shelf facility.
Operationally, Jet.AI expects completion of Milestone 3 for its Manitoba site in Q1 2026, continued Maritime progress, ongoing power studies for Moapa NV, and an anticipated close of the flyExclusive merger by April 30, 2026. The firm also recorded ~$14.5 million in book equity from its AIIA Sponsor stake.