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Stock impact report

Jet.AI Authorizes $5.0 Million Share Repurchase Program [Yahoo! Finance]

Jet.AI Inc. (JTAI) 
Company Research Source: Yahoo! Finance
of high-performance GPU infrastructure and AI cloud services, announced today that its Board of Directors has approved a share repurchase program authorizing the Company to repurchase up to $5.0 million of its common stock. “With the Midwestern project now supported by a clear natural gas power supply pathway and the completion of all remaining Milestone 3 objectives announced yesterday, we have authorized a $5 million share repurchase program,” said Mike Winston, Founder and Executive Chairman of Jet.AI. “This decision reflects our commitment to disciplined, flexible capital allocation. Repurchases will be considered when we believe the market price meaningfully understates intrinsic value and when buybacks compete favorably relative to other uses of capital. When executed thoughtfully, buybacks allow continuing shareholders to increase their ownership in the Company's underlying assets, improve per-share economics over time, and signal management's confidence in the long-term valu Show less Read more
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