Proposed business combination and spin-off designed to provide stockholders with equity in two public companies LAS VEGAS, July 14, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (NASDAQ: JTAI) (“Jet.AI” or the “Company”), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that it has entered into a non-binding letter of intent (the “LOI”) for a proposed business combination with a privately held operating company (the “Counterparty”). The proposed transacti