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1Imagine a company called Jet.AI Inc. (it is listed on the stock market under the ticker JTAI). Jet.AI helps run powerful computer brains (called GPUs) and AI cloud services — basically, the tech that makes artificial intelligence work.
On July 15, 2026, Jet.AI said it signed a non-binding letter of intent (think of this like a "we’re interested" note that is not a final promise) to do a reverse takeover with a private company we can’t name yet.
Important Point: This new deal is completely separate from a different deal Jet.AI just finished with a company called flyExclusive, which already gave shareholders about $4.60 per share.
Jet.AI shareholders could get value from two places:
Together, that is a lot of added value from two separate transactions.
Here is the simple version:
JTAI at first, until the private company decides to change the ticker.As part of the deal, Jet.AI would also:
AIIA).DCTR.After the deal, Jet.AI shareholders would own pieces of two separate public companies:
AIIA ownership.Mike Winston, Founder and Chairman of Jet.AI, said shareholders wanted to know what comes next after flyExclusive. He explained this plan keeps the data center business going for shareholders and lets them join a fast-growing private company. They hope to finalize things soon.
Not yet! Here is the checklist of what must happen:
Important Point: The letter of intent is non-binding — meaning neither side is forced to finish. There is no guarantee the deal or spin-off happens at all. Jet.AI won’t give more updates unless required.
Jet.AI (JTAI on Nasdaq) is a tech company that uses AI tools and powerful GPU computers to help complex systems work better. You can learn more at www.jet.ai.
This announcement is just information. It is not an offer to sell or buy any investment in places where that would be illegal without proper registration.
Some things in the announcement are "forward-looking" — they talk about the future. These are based on hopes and guesses, not guaranteed facts. Real results could be different because negotiations might fail or markets might change. Don’t rely too heavily on future predictions.
Jet.AI signed a non-binding plan to merge with a $300M private company, creating a ~$320M combined business and giving shareholders ~$10/share extra. Separately, it will spin off its data center assets into a new DCTR company for shareholders. This follows the flyExclusive deal that already paid ~$4.60/share. The deal is not final and needs approvals within ~90 days, targeting close before year-end.
It is when a private company joins a public one (Jet.AI) so it can become public without the usual long process — like moving into a house that is already on the map.
No. The plan is not binding yet. It depends on checks, papers, and approvals. If the deal falls through, you may get nothing from this part.
DCTR?It is a new public company that will hold Jet.AI’s data center partnership and its share of AIIA. Current Jet.AI owners would get shares of it for free (via distribution).
Yes! The ~$4.60 per share from flyExclusive is already done. The new ~$10 per share is from the proposed deal and is independent.
We don’t know yet. The name is kept secret until due diligence and final papers are done.