Jet.AI Authorizes $5M Buyback After Milestone 3, Secures Gas Power Pathway
Jet.AI Board approved a $5.0 million common stock repurchase program following completion of Milestone 3 objectives and securing natural gas power for its Midwestern GPU project. The program may repurchase shares via open-market purchases, block trades or 10b5-1 plans when stock price understates intrinsic value and supports per-share economics.
1. Board Approves $5M Repurchase Program
Jet.AI’s Board of Directors has authorized a $5.0 million share repurchase program to acquire common stock from time to time in amounts and at prices deemed appropriate. The program does not obligate the company to repurchase a specific number of shares and may be modified or suspended as needed.
2. Milestone 3 Completion and Power Supply Secured
The repurchase authorization follows the completion of all remaining Milestone 3 objectives for Jet.AI’s Midwestern GPU infrastructure project. The company has also established a clear natural gas power supply pathway, ensuring reliable energy for high-performance computing operations.
3. Repurchase Mechanics and Strategic Rationale
Jet.AI may execute buybacks through open market transactions, block trades, accelerated repurchase or 10b5-1 plans under federal securities rules. Management highlighted that repurchases enhance per-share value, signal confidence in intrinsic value and preserve flexibility for future capital allocation.