Jet.AI Inc. (JTAI) Form 8-K — Jul 17, 2026
Jet.AI completed the disposition of its fractional and jet card business to flyExclusive, issuing 5,676,892 shares of flyExclusive Class A common stock to its stockholders with a value of approximately $9.05 million. The transaction includes a mechanism for 1,419,223 reserve shares to be released based on a final purchase price determination expected within 120 days, effectively separating the legacy aviation business from the company. Simultaneously, Jet.AI announced a non-binding letter of intent for a reverse takeover with a privately held operating company valued at approximately $300 million, targeting a combined entity valuation of $320 million.
Key figures
- Revenue
- 361680
- Deal Value Usd
- 16175595
- Reserve shares
- 1419223
- Reserve share ratio
- 20%
- Rto target valuation
- 300000000
- Closing shares issued
- 5676892
- Value to shareholders
- 20000000
- Closing share price flyx
- 1.595
- Combined entity valuation
- 320000000
Price after filing
Close on the filing date to close N calendar days later (from $2.16). Historical, not a forecast.
AI analysis
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