24/7 Market News Snapshot 14 February, 2025 – Jet.AI Inc. Common Stock (NASDAQ:JTAI)

February 14, 2025

DENVER, Colo., 14 February, 2025 (247marketnews.com) – (NASDAQ:JTAI) are discussed in this article.
Jet.AI Inc. (JTAI) is experiencing remarkable growth, evidenced by a significant rise in pre-market trading, with shares reaching $5.969—a remarkable 131.36% increase from the previous close of $2.580. The trading volume has surged to 4.43 million shares, highlighting substantial investor interest and enthusiasm. This positive momentum emphasizes the stock’s potential for continued upward movement, presenting a timely opportunity for traders to engage with JTAI amidst its robust performance.

In a strategic move aimed at enhancing its business focus, Jet.AI has entered into a definitive agreement for the acquisition of its aviation business by flyExclusive Inc. This decision follows Jet.AI’s intention to concentrate on becoming a dedicated provider of artificial intelligence solutions. The transaction allows Jet.AI shareholders to retain their equity while receiving Class A common shares in flyExclusive as the aviation assets are transitioned into a new entity, referred to as “SpinCo.”

This acquisition aligns with flyExclusive’s ambitious growth objectives within the private aviation sector, known for its premium jet charter offerings. The integration of Jet.AI’s aviation operations is anticipated to bolster flyExclusive’s growth plans for 2025, enhancing its operational efficiency and expanding its existing fleet. FlyExclusive’s CEO, Jim Segrave, emphasized the value of this transaction, noting its potential to accelerate growth within a competitive landscape. Meanwhile, Jet.AI’s founder, Mike Winston, highlighted the prospects for both entities to benefit from their combined strengths, fostering synergies across their operations.

The all-stock transaction is dependent on specific conditions, including Jet.AI securing a minimum of $12 million in net cash from a recent financing initiative. With an expected closing set for the second quarter of 2025, this partnership positions both companies for mutual success, aiming to enhance service delivery and operational capabilities in the evolving private aviation market.

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