Jet.AI signs LOI for merger valuing deal at $320 million enterprise value
JTAI•Data center spin-off planned
A separate public company would be created via a spin-off of Jet.AI’s data center business, including its stake in AIIA Sponsor.
The spin-off is planned as a Form 10 distribution to existing holders, and the DCTR Nasdaq ticker has been reserved.
Jet.AI enters non-binding merger LOI
Jet.AI entered a non-binding letter of intent to merge with a privately held operating company in a deal valued at about $320 million enterprise value.
About $20 million of the pro forma value, or roughly 5%–6%, would be allocated to Jet.AI shareholders. The merged business would initially keep trading under the JTAI ticker.
