Jet.AI Announces Merger Letter of Intent and Plans Data Center Spin-Off

Jet.AI (NASDAQ:JTAI) has signed a non-binding merger letter of intent with an undisclosed private operating company, proposing a $320 million enterprise value transaction. The deal includes plans to spin off its data center business into a separate publicly traded entity under the ticker DCTR.

By Fiona Craig Tue, July 14, 2026 at 5:40 PM GMT+3 3 min read · Yahoo Finance · July 14, 2026, 14:40 UTC

Jet.AI Announces Merger Letter of Intent and Plans Data Center Spin-Off

Tickers: $JTAI

Topics: corporate restructuring data centers stock market activity

Read the full article at Yahoo Finance

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