Jet.AI Inc. completed the disposition of its fractional and jet card business through a merger with flyExclusive, Inc., resulting in the distribution of SpinCo shares to stockholders. The transaction delivered approximately $4.60 per share of value to shareholders. Additionally, the company entered into a non-binding letter of intent for a $300 million reverse takeover with a private company, which is expected to provide approximately $10 per share of additional value. Jet.AI Inc. is a technology provider of high-performance GPU infrastructure and AI cloud services.
