Feb. 26 at 2:47 PM
$JTAI $JTAI Post-Merger (per 8-K) — NOT a reverse merger.
• Aviation + ≥
$12M net cash → SpinCo
• JTAI holders get SpinCo shares (pro-rata dividend)
• SpinCo merges into
$FLYX
• FLYX issued = (SpinCo net cash × premium) ÷ 30-day VWAP (3 days pre-close)
The ~4.12M FLYX share figure floating around = modeled math, NOT guaranteed.
Example used: ~
$12M ÷ ~
$3.35 VWAP ≈ ~3.6M shares, then adjusted for assumed premium/more cash → ~4M+. Final number depends on actual net cash, VWAP, and multiplier at close.
Post-close you hold:
• Same JTAI shares → pure AI/data-center/GPU infra (no aviation), AIIA stake (~49.5% per community notes), Choo Choo JV, Canadian hyperscale, ~
$9M cash (Feb 2 letter), no debt
• PLUS FLYX shares (value = FLYX price + final cash math)
No official PT or fairness opinion. Current mcap ~
$5M at
$0.11–
$0.13.
Community targets:
$0.20–
$0.39 near-term,
$2–
$5+ bull,
$8–
$11 long-term hype.
