Jet.AI Special Meeting Further Adjourned to July 2, 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2026
0mins
Source: Newsfilter
- Shareholder Voting Status: As of May 8, 2026, Jet.AI had 1,421,721 shares outstanding, with 688,430 shares (approximately 48.4%) represented at the Special Meeting, indicating strong shareholder engagement, with about 99% of votes cast in favor of the transaction, reflecting high trust in the company among shareholders.
- Meeting Postponement Reasons: The Special Meeting was originally scheduled for June 11, 2026, then postponed to June 23, and now further adjourned to July 2, 2026, to provide shareholders with additional time to vote, demonstrating the company's commitment to shareholder input and the importance of the transaction's success.
- Voting Importance: The company emphasizes that every vote is critical, as not voting will be treated as a vote against the transaction, highlighting the urgency in securing the necessary majority for approval and ensuring shareholder participation in the decision-making process.
- Independent Firm Recommendations: Both Institutional Shareholder Services and Glass, Lewis & Co. have recommended that shareholders vote in favor of the transaction, with the Board of Directors strongly urging shareholders to follow this advice, indicating the company's proactive stance in advancing the deal and prioritizing shareholder interests.
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Analyst Views on JTAI
Wall Street analysts forecast JTAI stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 6.800
Low
8.00
Averages
8.00
High
8.00
Current: 6.800
Low
8.00
Averages
8.00
High
8.00
About JTAI
Jet.AI Inc., through its subsidiaries, is principally involved in the sale of fractional and whole interests in aircraft; the sale of jet cards, and operation of a proprietary booking platform, which functions as a prospecting and quoting platform to arrange private jet travel with third-party carriers as well as via the Company’s leased and managed aircraft; direct chartering of its HondaJet aircraft by Cirrus; aircraft brokerage and services. Its booking platforms include CharterGPT, and Ava. Its CharterGPT platform displays a variety of options across private aircraft types in addition to the pricing of its own aircraft, with a range of prices drawn from a list of thousands of aircraft for hire. Its Jet.AI Operator Platform provides and continues to develop a business-to-business (B2B) software platform for a suite of software-as-a-service (SaaS) products termed Jet.AI Operator Platform, which consists of Reroute AI, DynoFlight, and FlightClub-Cirrus Specific.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Jet.AI Shareholders Approve Transaction with flyExclusive
- Shareholder Vote Outcome: At the Special Meeting on July 2, 2026, approximately 99% of Jet.AI shareholders (768,718 shares) voted in favor of the transaction with flyExclusive, reflecting strong confidence in the company's strategic direction and expected to facilitate Jet.AI's transition to a pure-play AI infrastructure firm.
- Transaction Details Revealed: The merger will allow Jet.AI shareholders as of July 6, 2026, to receive merger consideration from Jet.AI SpinCo, Inc. while retaining their existing shares, enhancing shareholder value and laying a solid foundation for future growth.
- Market Expansion Opportunities: The merger with flyExclusive enables Jet.AI to leverage flyExclusive's growth potential in the private aviation sector, which is expected to enhance the company's overall competitiveness and market positioning.
- Future Outlook: Founder Mike Winston stated that the approval of this transaction marks a significant milestone in the company's strategy, aiming to enhance decision-making efficiency by focusing on AI infrastructure and cloud services, thereby positioning Jet.AI as a leader in the rapidly evolving tech market.
See More
Jet.AI Shareholders Approve flyExclusive Transaction
- Transaction Approval: Jet.AI shareholders overwhelmingly approved the transaction with flyExclusive at a reconvened special meeting, with approximately 99% of votes in favor, indicating strong investor confidence in the company's strategic shift, and the deal is expected to close around July 7, further solidifying Jet.AI's position in AI infrastructure and cloud services.
- Strategic Transition: This transaction will facilitate Jet.AI's transition to a pure-play AI infrastructure and cloud services company, enhancing business focus and laying the groundwork for future growth, which is expected to strengthen its competitive edge in the rapidly evolving aviation market.
- Private Aviation Expansion: The merger with flyExclusive will enable Jet.AI to support the latter's expansion in the private aviation sector, anticipated to drive growth in flyExclusive's high-end market share and profitability, thereby enhancing overall business performance.
- Stock Price Impact: Despite the transaction approval, Jet.AI's shares declined following the announcement of a strategic review of its SpaceX equity interest, reflecting market uncertainty regarding the company's future strategic direction, which may affect investor confidence.
See More
Jet.AI Shareholders Approve Merger Plan with flyExclusive
- Shareholder Vote Outcome: Jet.AI shareholders voted to approve the merger plan with flyExclusive at a special meeting on July 2, 2026, satisfying a key condition for transaction completion, with closure expected around July 7, 2026, marking a significant advancement in the company's strategic execution.
- Strong Financial Performance: flyExclusive reported revenue of $96.4 million in Q1 2026, a year-over-year increase of approximately 9%, with flight hours reaching 18,537, one of the highest quarters in the company's history, demonstrating robust operational momentum and sustained market demand.
- Operational Efficiency Gains: The company reported positive Adjusted EBITDA for the second consecutive quarter in Q1 2026, improving by $6.6 million compared to the prior year, indicating significant progress in enhancing profitability and operational efficiency, thereby strengthening its competitive position in the market.
- Long-term Strategic Focus: Following the merger, flyExclusive will continue to prioritize operational efficiency, recurring revenue growth, and profitability, which is expected to further solidify its leadership position in the North American private aviation market and create long-term value for shareholders.
See More
Jet.AI Reports Majority Support for Merger with flyExclusive
- Shareholder Vote Outcome: As of July 6, 2026, Jet.AI's shareholders have voted in favor of the merger with flyExclusive during the Special Meeting, surpassing the required majority, indicating strong market confidence in the transaction.
- Merger Timeline: The Special Meeting will reconvene on July 2, 2026, at 4:00 p.m. Eastern Time, with the transaction expected to close around July 7, 2026, subject to final shareholder approval and customary closing conditions, ensuring a smooth merger process.
- Voting Accessibility: Shareholders can vote online, by phone, or by mail, with a deadline of 11:59 p.m. Eastern Time on July 1, 2026, to ensure their votes are counted, enhancing shareholder engagement and transparency in the process.
- Future Prospects: This merger positions Jet.AI to leverage flyExclusive's resources and market advantages, further strengthening its competitive edge in high-performance GPU infrastructure and AI cloud services, signaling significant growth potential for the company.
See More
flyExclusive Reaffirms Strategic Priorities for 2026 Amid Jet.AI Merger Update
- Strategic Focus: flyExclusive's CEO Jim Segrave reaffirmed the company's strategic priorities for 2026, emphasizing improving profitability, strengthening the balance sheet, increasing aircraft utilization, and creating long-term shareholder value, which reflects the company's strong confidence in future growth.
- Merger Progress: At the reconvened Special Meeting of Jet.AI stockholders, 688,285 shares (approximately 48.4%) have voted in favor of the merger, indicating broad support among shareholders, with approval expected within the coming week.
- Voting Results: Approximately 99% of votes cast supported the merger, with only 22,500 additional votes needed to meet the majority requirement, further solidifying flyExclusive's market position and shareholder confidence in the transaction.
- Operational Performance: flyExclusive flew over 7,000 hours last month, achieving the highest utilization in its history, demonstrating ongoing improvements in operational execution and rapid financial performance enhancement, thereby strengthening its competitive edge in the private aviation market.
See More
Jet.AI Special Meeting Further Adjourned to July 2, 2026
- Shareholder Voting Status: As of May 8, 2026, Jet.AI had 1,421,721 shares outstanding, with 688,430 shares (approximately 48.4%) represented at the Special Meeting, indicating strong shareholder engagement, with about 99% of votes cast in favor of the transaction, reflecting high trust in the company among shareholders.
- Meeting Postponement Reasons: The Special Meeting was originally scheduled for June 11, 2026, then postponed to June 23, and now further adjourned to July 2, 2026, to provide shareholders with additional time to vote, demonstrating the company's commitment to shareholder input and the importance of the transaction's success.
- Voting Importance: The company emphasizes that every vote is critical, as not voting will be treated as a vote against the transaction, highlighting the urgency in securing the necessary majority for approval and ensuring shareholder participation in the decision-making process.
- Independent Firm Recommendations: Both Institutional Shareholder Services and Glass, Lewis & Co. have recommended that shareholders vote in favor of the transaction, with the Board of Directors strongly urging shareholders to follow this advice, indicating the company's proactive stance in advancing the deal and prioritizing shareholder interests.
See More
Jet.AI Shareholders Approve Transaction with flyExclusive
- Shareholder Vote Outcome: At the Special Meeting on July 2, 2026, approximately 99% of Jet.AI shareholders (768,718 shares) voted in favor of the transaction with flyExclusive, reflecting strong confidence in the company's strategic direction and expected to facilitate Jet.AI's transition to a pure-play AI infrastructure firm.
- Transaction Details Revealed: The merger will allow Jet.AI shareholders as of July 6, 2026, to receive merger consideration from Jet.AI SpinCo, Inc. while retaining their existing shares, enhancing shareholder value and laying a solid foundation for future growth.
- Market Expansion Opportunities: The merger with flyExclusive enables Jet.AI to leverage flyExclusive's growth potential in the private aviation sector, which is expected to enhance the company's overall competitiveness and market positioning.
- Future Outlook: Founder Mike Winston stated that the approval of this transaction marks a significant milestone in the company's strategy, aiming to enhance decision-making efficiency by focusing on AI infrastructure and cloud services, thereby positioning Jet.AI as a leader in the rapidly evolving tech market.
See More
Jet.AI Shareholders Approve flyExclusive Transaction
- Transaction Approval: Jet.AI shareholders overwhelmingly approved the transaction with flyExclusive at a reconvened special meeting, with approximately 99% of votes in favor, indicating strong investor confidence in the company's strategic shift, and the deal is expected to close around July 7, further solidifying Jet.AI's position in AI infrastructure and cloud services.
- Strategic Transition: This transaction will facilitate Jet.AI's transition to a pure-play AI infrastructure and cloud services company, enhancing business focus and laying the groundwork for future growth, which is expected to strengthen its competitive edge in the rapidly evolving aviation market.
- Private Aviation Expansion: The merger with flyExclusive will enable Jet.AI to support the latter's expansion in the private aviation sector, anticipated to drive growth in flyExclusive's high-end market share and profitability, thereby enhancing overall business performance.
- Stock Price Impact: Despite the transaction approval, Jet.AI's shares declined following the announcement of a strategic review of its SpaceX equity interest, reflecting market uncertainty regarding the company's future strategic direction, which may affect investor confidence.
See More
Jet.AI Shareholders Approve Merger Plan with flyExclusive
- Shareholder Vote Outcome: Jet.AI shareholders voted to approve the merger plan with flyExclusive at a special meeting on July 2, 2026, satisfying a key condition for transaction completion, with closure expected around July 7, 2026, marking a significant advancement in the company's strategic execution.
- Strong Financial Performance: flyExclusive reported revenue of $96.4 million in Q1 2026, a year-over-year increase of approximately 9%, with flight hours reaching 18,537, one of the highest quarters in the company's history, demonstrating robust operational momentum and sustained market demand.
- Operational Efficiency Gains: The company reported positive Adjusted EBITDA for the second consecutive quarter in Q1 2026, improving by $6.6 million compared to the prior year, indicating significant progress in enhancing profitability and operational efficiency, thereby strengthening its competitive position in the market.
- Long-term Strategic Focus: Following the merger, flyExclusive will continue to prioritize operational efficiency, recurring revenue growth, and profitability, which is expected to further solidify its leadership position in the North American private aviation market and create long-term value for shareholders.
See More
Jet.AI Reports Majority Support for Merger with flyExclusive
- Shareholder Vote Outcome: As of July 6, 2026, Jet.AI's shareholders have voted in favor of the merger with flyExclusive during the Special Meeting, surpassing the required majority, indicating strong market confidence in the transaction.
- Merger Timeline: The Special Meeting will reconvene on July 2, 2026, at 4:00 p.m. Eastern Time, with the transaction expected to close around July 7, 2026, subject to final shareholder approval and customary closing conditions, ensuring a smooth merger process.
- Voting Accessibility: Shareholders can vote online, by phone, or by mail, with a deadline of 11:59 p.m. Eastern Time on July 1, 2026, to ensure their votes are counted, enhancing shareholder engagement and transparency in the process.
- Future Prospects: This merger positions Jet.AI to leverage flyExclusive's resources and market advantages, further strengthening its competitive edge in high-performance GPU infrastructure and AI cloud services, signaling significant growth potential for the company.
See More
flyExclusive Reaffirms Strategic Priorities for 2026 Amid Jet.AI Merger Update
- Strategic Focus: flyExclusive's CEO Jim Segrave reaffirmed the company's strategic priorities for 2026, emphasizing improving profitability, strengthening the balance sheet, increasing aircraft utilization, and creating long-term shareholder value, which reflects the company's strong confidence in future growth.
- Merger Progress: At the reconvened Special Meeting of Jet.AI stockholders, 688,285 shares (approximately 48.4%) have voted in favor of the merger, indicating broad support among shareholders, with approval expected within the coming week.
- Voting Results: Approximately 99% of votes cast supported the merger, with only 22,500 additional votes needed to meet the majority requirement, further solidifying flyExclusive's market position and shareholder confidence in the transaction.
- Operational Performance: flyExclusive flew over 7,000 hours last month, achieving the highest utilization in its history, demonstrating ongoing improvements in operational execution and rapid financial performance enhancement, thereby strengthening its competitive edge in the private aviation market.
See More
Jet.AI Special Meeting Further Adjourned to July 2, 2026
- Shareholder Voting Status: As of May 8, 2026, Jet.AI had 1,421,721 shares outstanding, with 688,430 shares (approximately 48.4%) represented at the Special Meeting, indicating strong shareholder engagement, with about 99% of votes cast in favor of the transaction, reflecting high trust in the company among shareholders.
- Meeting Postponement Reasons: The Special Meeting was originally scheduled for June 11, 2026, then postponed to June 23, and now further adjourned to July 2, 2026, to provide shareholders with additional time to vote, demonstrating the company's commitment to shareholder input and the importance of the transaction's success.
- Voting Importance: The company emphasizes that every vote is critical, as not voting will be treated as a vote against the transaction, highlighting the urgency in securing the necessary majority for approval and ensuring shareholder participation in the decision-making process.
- Independent Firm Recommendations: Both Institutional Shareholder Services and Glass, Lewis & Co. have recommended that shareholders vote in favor of the transaction, with the Board of Directors strongly urging shareholders to follow this advice, indicating the company's proactive stance in advancing the deal and prioritizing shareholder interests.
See More
