Jet.AI Signs $300M Reverse Takeover Letter of Intent

Key Facts

In a move reflecting the company's strategy to enhance shareholder value through corporate restructuring, Jet.AI has signed a non-binding letter of intent for a $300 million reverse takeover. Under the terms of the agreement, shareholders are expected to receive $10 per share in a combination of stock and cash. This transaction is entirely independent of the recently finalized flyExclusive deal, which returned approximately $4.60 per share to shareholders.

This development comes as the private aviation sector undergoes structural shifts, with smaller players seeking to strengthen their balance sheets through direct listings or reverse takeovers. Compared to similar sector transactions, the proposed valuation represents a significant premium aimed at regaining investor confidence following previous volatility. Per market data, the success of such deals remains heavily dependent on final financing terms and the fair valuation of the merged assets.

Investors should closely monitor the progression of this deal as it remains at the non-binding LOI stage, making it subject to adjustment or cancellation. In the absence of current price data for the instrument, focus remains on the due diligence timeline. Additionally, the market is awaiting the release of the FOMC Minutes later today, July 15, 2026, which could influence the financing environment for large-scale corporate transactions.