Jet.AI Inc. (NASDAQ: JTAI) backs $1.75M StratGrid AI data center
Rhea-AI Filing Summary
Jet.AI Inc. made a $1,750,000 strategic equity investment in StratGrid Inc., a Calgary-based developer of behind-the-meter, natural gas-powered data center infrastructure, through SG Canada InvestCo LLC, a joint venture in which Jet.AI currently holds 60% of the equity interests. The investment implies InvestCo now holds approximately 26% of StratGrid’s fully vested common equity.
StratGrid is developing large-scale AI data center campuses in Southern Alberta powered by on-site natural gas generation rather than the regional grid, aiming to provide faster interconnection and competitive, stable power costs. Its Project Wheatland is designed for about 200 megawatts of generation capacity with expansion potential beyond 1 gigawatt, and together with Project Mountain View the platform is designed to scale to over 2 gigawatts of combined capacity, adding to Jet.AI’s growing North American data center portfolio.
Positive
- None.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
behind-the-meter technical
gigawatt-scale technical
hyperscale computing technical
forward-looking statements regulatory
natural gas-powered data center technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What investment did Jet.AI (JTAI) announce regarding StratGrid Inc.?
How much of StratGrid does Jet.AI indirectly own through its investment vehicle?
What is the role of SG Canada InvestCo LLC in Jet.AI (JTAI)'s StratGrid deal?
What data center capacity is StratGrid developing in Alberta with Jet.AI involved?
How does the StratGrid investment fit into Jet.AI (JTAI)'s broader strategy?
What power model will StratGrid use for its AI data centers in Alberta?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact Name of Registrant as Specified in its Charter)
| (State or other jurisdiction | (Commission | (I.R.S. Employer | ||
| of incorporation or organization) | File Number) | Identification No.) |
(Address of principal executive offices)
(Registrant’s
telephone number, including area code)
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class: | Trading Symbol | Name of each exchange on which registered: | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 8.01 | Other Events. |
On July 28, 2026, Jet.AI Inc. (the “Company”) funded a $1,750,000 investment in StratGrid Inc. (“StratGrid”), a Calgary, Alberta-based developer of behind-the-meter, natural gas-powered data center infrastructure, through SG Canada InvestCo LLC (“InvestCo”), a joint venture between the Company and Blackbird Investment Management LLC in which the Company currently holds 60% of all issued and outstanding equity interests. The Company’s $1,750,000 strategic investment implies that InvestCo now holds approximately 26% of the issued and outstanding common equity interests of StratGrid on a fully vested basis.
On July 29, 2026, Jet.AI Inc. (the “Company”) issued a press release announcing the investment in StratGrid. A copy of the press release is filed with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Forward Looking Statements
This Current Report on Form 8-K contains certain statements that may be deemed to be “forward-looking statements” within the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange. 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. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “future,” “intend,” “may,” “ongoing,” “opportunity,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “will,” “would,” 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, including risks relating to our investment in [●] and broader market conditions. 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 SEC. 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 the Company 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.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated July 29, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| JET.AI INC. | ||
| By: | /s/ George Murnane | |
| George Murnane | ||
| Interim Chief Financial Officer | ||
August 3, 2026
Exhibit 99.1
Jet.AI Plugs into Alberta’s AI Boom with Investment in 200MW+ Natural Gas Powered Data Center
July 29, 2026 08:30 ET | Source: Jet.AI Inc.
Natural Gas-Powered Data Center Development in Canada’s Data Center Friendly, Energy-Rich, Province
Strategic investment adds gigawatt-scale AI data center capacity potential in Alberta, Canada to Jet.AI’s growing data center portfolio
LAS VEGAS and CALGARY, Alberta, July 29, 2026 (GLOBE NEWSWIRE) — Jet.AI Inc. (NASDAQ: JTAI) (“Jet.AI” or the “Company”), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced a strategic equity investment in StratGrid Inc. (“StratGrid”), a Calgary, Alberta-based developer of behind-the-meter, natural gas-powered data center infrastructure. Jet.AI made the investment through SG Canada InvestCo LLC, an investment vehicle established for the transaction in which Jet.AI owns a majority interest. SG Canada InvestCo LLC has invested $1.75 million USD of equity in StratGrid, which implies an approximately 26% common equity interest in StratGrid on a fully vested basis. Jet.AI’s strategic investment in StratGrid adds to its growing portfolio of data center campuses across North America.
StratGrid is developing large-scale data center campuses in Southern Alberta powered by on-site, behind-the-meter natural gas generation rather than the regional utility grid, an approach designed to deliver faster interconnection timelines and competitive, stable power costs for AI and hyperscale computing tenants. StratGrid’s first project, Project Wheatland in Wheatland County, Alberta, is designed for approximately 200 megawatts of generation capacity, with expansion potential beyond 1 gigawatt. Together with StratGrid’s second Alberta site, Project Mountain View, the platform is designed to scale to over 2 gigawatts of combined capacity over time. StratGrid controls several hundred acres of freehold land within designated industrial nodes in Southern Alberta across both sites.
StratGrid is working with WSP, a global engineering and professional services firm, providing initial engineering services, and Sustrio, a specialized consulting firm focused on sustainability, environmental, regulatory and stakeholder relations. The project’s design runs quietly, uses minimal water, and produces low emissions from on-site generation.
Alberta’s Emergence as a Data Center Hub
Alberta has emerged as one of North America’s fastest-growing hubs for AI data center development, supported by Premier Danielle Smith’s government and the province’s abundant, low-cost natural gas reserves. Meta Platforms, Inc. has led the way in the province, breaking ground in July 2026 on a 1-gigawatt, CAD $13 billion data center in Sturgeon County northeast of Edmonton, its first in Canada and among the largest data center investments in company history.
StratGrid’s Project Wheatland and Project Mountain View sites, relative to Calgary, Alberta
“StratGrid’s behind-the-meter power model is meant to address one of the biggest bottlenecks in new data center development today; getting reliable, competitively priced power online fast enough to meet AI-driven demand. Alberta has quickly become a hotspot for this kind of development, thanks to strong support from the region’s Premier and the province’s abundant natural gas. Meta has led the charge here, and we’re very glad to be a fast follower alongside a seasoned team of partners,” said Mike Winston, Founder and Executive Chairman of Jet.AI.
“This investment reflects growing confidence in our behind-the-meter model as a faster path to power for our two AI data campus infrastructures, Project Wheatland and Project Mountain View. We’re pleased to add Jet.AI as a partner as StratGrid continues building out its platform in Southern Alberta, encompassing best practices for environmental, regulatory and stakeholder relations and sustainability and enhancing the communities that we will work with. In addition, this investment strengthens our capital position as we advance our development program across engineering, regulatory and land workstreams,” said David Sealock, Chief Executive Officer of StratGrid.
About StratGrid Inc.
StratGrid Inc. is a Calgary, Alberta-based developer of natural gas-powered data center infrastructure. Using a “design one, build many” approach, StratGrid is building a platform of behind-the-meter power generation projects designed to serve the growing power demands of AI and hyperscale computing.
About Jet.AI Inc.
Jet.AI Inc. (NASDAQ: JTAI) is a technology-driven company focused on deploying artificial intelligence tools and high-performance GPU 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.” To learn more, visit www.jet.ai.
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, including the expected timing of the potential transactions and the future business strategy of Jet.AI. 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, including the performance of the StratGrid investment and broader market conditions. 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.
Contacts
Jet.AI Investor Relations
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com
StratGrid Inc. Media Contact
David Sealock
media@stratgrid.ca