Jet.AI Inc. (JTAI) shares are flying high in Wednesday's premarket session, up more than 21% after the company announced a non-binding letter of intent for a proposed business combination with a privately held operating company. The deal is expected to be valued at around $320 million.

This news comes on a generally positive day for the market, with S&P 500 futures edging up 0.2%.

Merger LOI and Data Center Spin-Off Plans

Under the proposed structure, Jet.AI shareholders would receive about $20 million in value, representing roughly 5% to 6% ownership of the combined company. The transaction would allow Jet.AI investors to own shares in two public companies. The merged entity would continue trading under the JTAI ticker.

Meanwhile, a newly formed data center company would be spun off, including Jet.AI's data center operations and its stake in AIIA Sponsor Ltd. This new entity is expected to be distributed through an SEC-registered Form 10 filing, with the NASDAQ ticker DCTR already reserved.

FlyExclusive Transaction

Last month, Jet.AI announced the adjournment of its previously scheduled special meeting of stockholders related to the proposed transaction with FlyExclusive, Inc. (FLYX). The meeting, originally set for June 11, has been pushed to June 23, 2026, to give shareholders more time to vote on the proposals.

JTAI Technical Analysis: Key Support, Resistance, and Momentum

Currently, Jet.AI is trading at $4.86, significantly below its moving averages, with the 20-day SMA at $6.62 and the 50-day SMA at $7.13, indicating a bearish trend. The MACD is below its signal line, suggesting that upside momentum is fading, which could limit further gains unless the stock can reclaim that baseline.

• Key Resistance: $5.50 — a nearby level where buyers previously stepped in.
• Key Support: $3.51 — the recent 52-week low, indicating a critical level for potential downside protection.

What Jet.AI Does: Private Jet Travel and SaaS

Jet.AI is primarily involved in the sale of fractional and whole interests in aircraft and jet cards, enabling holders to access various aircraft at agreed-upon rates. The company also operates a proprietary booking platform for private jet travel and offers SaaS software solutions for aircraft owners and operators.

This recent announcement about the proposed business combination is significant as it signals Jet.AI's strategic move to expand its operations and enhance shareholder value through the spin-off of a new company, while maintaining its focus on the data center business.

JTAI Earnings Date and Analyst Outlook: What to Watch

Jet.AI is slated to provide its next financial update on August 14, 2026 (estimated).

• EPS Estimate: 100 cents (up from 75 cents)
• Revenue Estimate: $1.10 million (down from $2.23 million)
• Valuation: P/E of 0.0x (indicating a value opportunity)

Analyst Consensus & Recent Actions: The stock carries a Buy rating. Recent analyst moves include:

• Maxim Group: Buy (lowers target to $80.00) (March 11)

JTAI Stock Price Activity: Jet.AI shares were up 21.56% at $5.92 during premarket trading on Wednesday, according to market data.