India, July 15 -- Shares of Jet.AI Inc. (JTAI) are skyrocketing above 800 percent on Thursday morning after the company entered into a non-binding letter of intent to effect a reverse takeover transaction with a privately held operating company.
The company's shares are currently trading at $4.22 on the Nasdaq, gaining 814.02 percent in the latest session. The stock opened at $4.98 and touched an intraday high of $5.01. Over the past 12 months, the shares have traded between $3.33 and $804.00.
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