Jet.AI closes flyExclusive merger; signs LOI for $300M reverse takeover with $10/share value

Jet.AI Inc.

Closed merger with flyExclusive; Jet.AI shareholders received ~$4.60/share value from 5.68M FLYX shares issued at $1.595.
Signed non-binding LOI for reverse takeover of private company valued at ~$300M; combined entity valued ~$320M.
Jet.AI shareholders to receive ~$20M (~$10/share) in cash and stock from reverse takeover, plus spin-off of data center JV and AIIA interest into new public company (ticker DCTR).
Reserve shares of 1.42M FLYX held pending final purchase price determination within 90-120 days; additional consideration possible if price exceeds $16.23M.

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