Stock Article

Font: Financial Modeling Prep  • Jul 16, 2026

Jet.AI Inc. (NASDAQ: JTAI) Shifts Toward AI Infrastructure Amid Reverse Takeover Proposal

• Jet.AI Inc. (NASDAQ: JTAI) is transitioning toward AI infrastructure after completing a transaction with flyExclusive related to its aviation business.
• The company previously completed a 1-for-200 reverse stock split in April 2026.
• Jet.AI has signed a non-binding letter of intent for a proposed reverse takeover with a private company, with the combined company valued at approximately $320 million.

Jet.AI Inc. (NASDAQ: JTAI) is shifting its focus toward high-performance GPU infrastructure and AI cloud services. The company’s transition follows its transaction with flyExclusive, under which Jet.AI’s aviation-related business was separated as part of a plan allowing Jet.AI to focus on AI infrastructure. flyExclusive previously said the transaction would allow Jet.AI to become a “pure-play AI solutions company” while Jet.AI shareholders would retain their Jet.AI shares and receive flyExclusive shares as part of the transaction.

The company announced a 1-for-200 reverse stock split that became effective before the market opened on April 8, 2026. The split reduced the number of outstanding shares while increasing the per-share price proportionally, mainly to help the company maintain Nasdaq minimum bid price compliance.

Separately, Jet.AI announced a non-binding letter of intent for a proposed reverse takeover with a private operating company. The private company is valued at approximately $300 million, while the proposed combined company would be valued at approximately $320 million. A reverse takeover allows a private company to become publicly traded by combining with an already listed public company. 

Under the proposed terms, existing Jet.AI shareholders would receive about $20 million in stock and cash, equal to roughly $10 per share. However, this transaction remains non-binding and is subject to due diligence, definitive agreements, approvals, and other closing conditions. Therefore, the article should avoid presenting the $10 per share as guaranteed. 

Currently, JTAI shares are trading at $2.58, down 17.83% for the day. The company has a market capitalization of approximately $1.67 million. The stock has experienced significant volatility, with a 52-week high of $762.23 and a 52-week low of $2.50.