Jet.AI signs $320M merger LOI and plans AI data-center spin-off

GPU infrastructure provider Jet.AI announced on July 14, 2026 that it signed a non-binding letter of intent for a merger with an unnamed private operating company, valuing the combined business at about $320 million. As part of the proposed deal, Jet.AI would spin off its AI data center business into a separate public company, with both transactions still subject to due diligence and approvals.