Deal closed 7/13 at 3.6253 FLYX per JTAI. DCTR spin-off announced same day. Two separate plays now instead of one hybrid. Stock tanked on mystery partner. Volume spiked 20x is mechanical panic from FLYX recipients taking profits. Cleanup happening. $JTAI
@DamianBrad24715 @JetAIinc Management raising capital to fund gigawatt data center projects. Capital raises fund capex. Now if you don't believe the infrastructure story, that's fair. But the capital raise serves the thesis and not personal enrichment. $JTAI
With all the AI boom that's happening, the market needs infra. Basic law of supply and demand. Timing couldn't be better for the pivot. After what Winston and the team just pulled off, excited to see bigger deals coming. $JTAI
$JTAI some $SDOT stuff may be UPON US...if own at the close today you GET TWO companies for the price of ONE! #tradeideas#stocks#stockmarket https://t.co/Rk3eYoWH2a
https://t.co/FoPKuP24Pl Inc.
(Nasdaq: $JTAI)
https://t.co/FoPKuP24Pl reported that stockholder votes have exceeded the majority threshold required for its proposed transaction with flyExclusive.
The vote is not final yet, with the special meeting expected to reconvene July 2.
Read more:
https://t.co/IvLICeyhHu
@JetAIinc
#AI #Aviation #Nasdaq #Merger
$JTAI is focused on North American AI data center capacity while the broader market stays glued to $NVDA, $AMD, $SMCI, $VRT, and $DELL.
Power, servers, and connectivity for AI are still the biggest spend categories.
$JTAI https://t.co/kkDOt7ue9s merger vote update — 99% of votes cast are FOR the deal with $FLYX.
Only ~22,500 additional affirmative votes needed out of total outstanding shares.
Both ISS and Glass Lewis recommended FOR. Special Meeting reconvenes July 2.
Deal terms unchanged.
Not financial advice.
$JTAI within roughly 30k shares of locking in shareholder approval for the flyExclusive deal after 99% support from votes already cast.
The short adjournment to July 2 should help push it over the line, leaving JTAI as a leaner AI infrastructure and data center company.