Overview of Jet.AI's Transaction with flyExclusive
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 58 minutes ago
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Source: Globenewswire
- Voting Status: As of June 16, 2026, approximately 37.9% of outstanding shares had voted, with 98.3% in favor of the transaction, indicating strong shareholder support that is likely to drive Jet.AI's stock price higher.
- Transaction Structure: Jet.AI shareholders will receive shares in flyExclusive while retaining their existing Jet.AI shares; if the transaction is approved by a majority, shareholders will hold stocks in two companies, enhancing portfolio diversity.
- Asset Transfer and Premium: In the deal, flyExclusive will acquire Jet.AI's aviation assets at a premium of 110%-120%, which not only increases the value of Jet.AI's assets but also provides shareholders with additional market value, likely attracting more investor interest.
- Strategic Shift: By divesting its aviation business, Jet.AI will focus on high-growth AI infrastructure, allowing it to allocate more resources to the development of AI and data centers, which is expected to enhance the company's long-term growth potential.
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About FLYX
Flyexclusive Inc. is a vertically integrated private aviation company providing charter, Jet Club membership, and fractional ownership services worldwide. It operates its private jet fleets in the United States, with full operational control over maintenance, refurbishment, and avionics through its in-house MRO facilities in Kinston, North Carolina. It is a premier owner and operator of curated private aviation experiences dedicated to surpassing passenger expectations for quality, convenience, and safety. T operates a selected fleet of Cessna Citation, Gulfstream, HondaJet, and Challenger aircraft to service customers flying domestically and internationally. It has curated a versatile fleet of Citation CJ3 / CJ3+, Citation Excel / XLS / XLS+, Citation Encore+, Citation Sovereign, Citation X, and Challenger 350 aircraft. It has a diversified and evolving business model, including a jet club membership program, fractional program, and maintenance, repair, and overhaul (MRO) program.
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.
Overview of Jet.AI's Transaction with flyExclusive
- Voting Status: As of June 16, 2026, approximately 37.9% of outstanding shares had voted, with 98.3% in favor of the transaction, indicating strong shareholder support that is likely to drive Jet.AI's stock price higher.
- Transaction Structure: Jet.AI shareholders will receive shares in flyExclusive while retaining their existing Jet.AI shares; if the transaction is approved by a majority, shareholders will hold stocks in two companies, enhancing portfolio diversity.
- Asset Transfer and Premium: In the deal, flyExclusive will acquire Jet.AI's aviation assets at a premium of 110%-120%, which not only increases the value of Jet.AI's assets but also provides shareholders with additional market value, likely attracting more investor interest.
- Strategic Shift: By divesting its aviation business, Jet.AI will focus on high-growth AI infrastructure, allowing it to allocate more resources to the development of AI and data centers, which is expected to enhance the company's long-term growth potential.
See More
Jet.AI Urges Shareholders to Vote 'FOR' Milestone Deal
- Voting Importance: Jet.AI has announced a Special Meeting of Stockholders on June 11, 2026, urging shareholders to vote 'FOR' the transaction with flyExclusive, as not voting will be treated as a vote against, highlighting the significance of every single share.
- Transaction Structure Benefits: Upon successful completion of the deal, Jet.AI shareholders will receive shares of flyExclusive while retaining 100% of their Jet.AI equity, transforming the company into a pure-play AI infrastructure provider, thereby enhancing its competitive position in the market.
- Asset Integration Benefits: Jet.AI's aviation assets will be integrated into flyExclusive's platform, allowing for greater aircraft utilization and providing more choices for customers, which is expected to enhance customer satisfaction and market share.
- Strategic Transformation Outlook: This transaction will enable Jet.AI to focus entirely on high-performance GPU infrastructure and B2B AI cloud services, which is anticipated to accelerate the company's growth potential in the rapidly evolving AI market.
See More
Jet.AI Urges Shareholders to Vote 'FOR' Milestone Deal
- Voting Importance: Jet.AI has announced a Special Meeting of Stockholders on June 11, 2026, urging shareholders to vote 'FOR' the transaction with flyExclusive, as not voting equates to a vote against, highlighting the significance of every share's vote.
- Transaction Structure Benefits: Upon successful completion, Jet.AI shareholders will receive shares of flyExclusive while retaining 100% of their Jet.AI equity, transforming the company into a pure-play AI infrastructure provider, thereby enhancing its competitive position in the market.
- Asset Integration Benefits: Jet.AI's aviation assets will be integrated into flyExclusive's platform, allowing for greater aircraft utilization and providing customers with more choices, which is expected to enhance customer satisfaction and market share.
- Strategic Transformation Outlook: By divesting its aviation operations, Jet.AI will fully focus on the rapidly growing AI cloud services sector, with plans to aggressively invest in high-performance GPU infrastructure to capitalize on market opportunities.
See More
flyExclusive Reports 9.3% Revenue Growth in Q1 2026
- Revenue Growth: flyExclusive reported Q1 revenue of $96.3 million, reflecting a 9.3% year-over-year increase, indicating a stable growth trend in the aviation service market that boosts investor confidence.
- Gross Profit Surge: The company experienced a 60% year-over-year increase in gross profit, showcasing significant improvements in cost control and operational efficiency, which further solidifies its profitability in a competitive market.
- Positive Adjusted EBITDA: flyExclusive reported a positive adjusted EBITDA of $0.2 million, although modest, it indicates positive progress in profitability recovery, potentially attracting more investor interest.
- Flight Hour Growth: The company signals over 15% growth in flight hours for 2026, suggesting accelerated fleet expansion, which is expected to enhance market share and revenue potential in the future.
See More
Jet.AI Advances Merger with flyExclusive as SEC Approves Registration
- Merger Progress: Jet.AI's merger with flyExclusive has formally entered the stockholder voting and closing phases following SEC approval, with a special stockholder meeting scheduled for June 11, 2026, indicating proactive steps in M&A integration.
- Voting Arrangements: Stockholders of record as of May 8, 2026, will be entitled to vote at the special meeting, with Jet.AI planning to file its definitive proxy statement on May 4, 2026, ensuring shareholders are well-informed about transaction details and voting procedures.
- Registration Statement Validity: The registration statement filed by flyExclusive (File No. 333-284960) became effective on April 30, 2026, including a preliminary proxy statement and prospectus, providing a legal basis for the upcoming stockholder vote and transaction compliance.
- Disclosure Commitment: Jet.AI is committed to providing shareholders with critical information regarding the merger, including risk factors and voting procedures, emphasizing the company's dedication to shareholder interests and supporting future investment decisions.
See More
Jet.AI Advances Merger with flyExclusive as SEC Approves Registration Statement
- Merger Progress: Jet.AI announced that its merger with flyExclusive has received approval from the SEC, marking a significant step as the transaction moves into stockholder approval and closing phases, with a special meeting scheduled for June 11, 2026.
- Shareholder Voting Arrangements: Stockholders of record as of May 8, 2026, will be entitled to vote on the merger at the special meeting, demonstrating the company's commitment to transparency and compliance in advancing the merger process to enhance shareholder trust.
- Proxy Statement Submission: Jet.AI plans to file its definitive proxy statement with the SEC on May 4, 2026, and expects to begin mailing proxy materials around May 11, ensuring shareholders receive timely information regarding the merger transaction.
- Disclosure Commitment: The company emphasizes the importance of shareholders reading the registration statement and proxy statement before making voting or investment decisions, indicating its focus on transparency to mitigate potential legal risks and bolster investor confidence.
See More
Overview of Jet.AI's Transaction with flyExclusive
- Voting Status: As of June 16, 2026, approximately 37.9% of outstanding shares had voted, with 98.3% in favor of the transaction, indicating strong shareholder support that is likely to drive Jet.AI's stock price higher.
- Transaction Structure: Jet.AI shareholders will receive shares in flyExclusive while retaining their existing Jet.AI shares; if the transaction is approved by a majority, shareholders will hold stocks in two companies, enhancing portfolio diversity.
- Asset Transfer and Premium: In the deal, flyExclusive will acquire Jet.AI's aviation assets at a premium of 110%-120%, which not only increases the value of Jet.AI's assets but also provides shareholders with additional market value, likely attracting more investor interest.
- Strategic Shift: By divesting its aviation business, Jet.AI will focus on high-growth AI infrastructure, allowing it to allocate more resources to the development of AI and data centers, which is expected to enhance the company's long-term growth potential.
See More
Jet.AI Urges Shareholders to Vote 'FOR' Milestone Deal
- Voting Importance: Jet.AI has announced a Special Meeting of Stockholders on June 11, 2026, urging shareholders to vote 'FOR' the transaction with flyExclusive, as not voting will be treated as a vote against, highlighting the significance of every single share.
- Transaction Structure Benefits: Upon successful completion of the deal, Jet.AI shareholders will receive shares of flyExclusive while retaining 100% of their Jet.AI equity, transforming the company into a pure-play AI infrastructure provider, thereby enhancing its competitive position in the market.
- Asset Integration Benefits: Jet.AI's aviation assets will be integrated into flyExclusive's platform, allowing for greater aircraft utilization and providing more choices for customers, which is expected to enhance customer satisfaction and market share.
- Strategic Transformation Outlook: This transaction will enable Jet.AI to focus entirely on high-performance GPU infrastructure and B2B AI cloud services, which is anticipated to accelerate the company's growth potential in the rapidly evolving AI market.
See More
Jet.AI Urges Shareholders to Vote 'FOR' Milestone Deal
- Voting Importance: Jet.AI has announced a Special Meeting of Stockholders on June 11, 2026, urging shareholders to vote 'FOR' the transaction with flyExclusive, as not voting equates to a vote against, highlighting the significance of every share's vote.
- Transaction Structure Benefits: Upon successful completion, Jet.AI shareholders will receive shares of flyExclusive while retaining 100% of their Jet.AI equity, transforming the company into a pure-play AI infrastructure provider, thereby enhancing its competitive position in the market.
- Asset Integration Benefits: Jet.AI's aviation assets will be integrated into flyExclusive's platform, allowing for greater aircraft utilization and providing customers with more choices, which is expected to enhance customer satisfaction and market share.
- Strategic Transformation Outlook: By divesting its aviation operations, Jet.AI will fully focus on the rapidly growing AI cloud services sector, with plans to aggressively invest in high-performance GPU infrastructure to capitalize on market opportunities.
See More
flyExclusive Reports 9.3% Revenue Growth in Q1 2026
- Revenue Growth: flyExclusive reported Q1 revenue of $96.3 million, reflecting a 9.3% year-over-year increase, indicating a stable growth trend in the aviation service market that boosts investor confidence.
- Gross Profit Surge: The company experienced a 60% year-over-year increase in gross profit, showcasing significant improvements in cost control and operational efficiency, which further solidifies its profitability in a competitive market.
- Positive Adjusted EBITDA: flyExclusive reported a positive adjusted EBITDA of $0.2 million, although modest, it indicates positive progress in profitability recovery, potentially attracting more investor interest.
- Flight Hour Growth: The company signals over 15% growth in flight hours for 2026, suggesting accelerated fleet expansion, which is expected to enhance market share and revenue potential in the future.
See More
Jet.AI Advances Merger with flyExclusive as SEC Approves Registration
- Merger Progress: Jet.AI's merger with flyExclusive has formally entered the stockholder voting and closing phases following SEC approval, with a special stockholder meeting scheduled for June 11, 2026, indicating proactive steps in M&A integration.
- Voting Arrangements: Stockholders of record as of May 8, 2026, will be entitled to vote at the special meeting, with Jet.AI planning to file its definitive proxy statement on May 4, 2026, ensuring shareholders are well-informed about transaction details and voting procedures.
- Registration Statement Validity: The registration statement filed by flyExclusive (File No. 333-284960) became effective on April 30, 2026, including a preliminary proxy statement and prospectus, providing a legal basis for the upcoming stockholder vote and transaction compliance.
- Disclosure Commitment: Jet.AI is committed to providing shareholders with critical information regarding the merger, including risk factors and voting procedures, emphasizing the company's dedication to shareholder interests and supporting future investment decisions.
See More
Jet.AI Advances Merger with flyExclusive as SEC Approves Registration Statement
- Merger Progress: Jet.AI announced that its merger with flyExclusive has received approval from the SEC, marking a significant step as the transaction moves into stockholder approval and closing phases, with a special meeting scheduled for June 11, 2026.
- Shareholder Voting Arrangements: Stockholders of record as of May 8, 2026, will be entitled to vote on the merger at the special meeting, demonstrating the company's commitment to transparency and compliance in advancing the merger process to enhance shareholder trust.
- Proxy Statement Submission: Jet.AI plans to file its definitive proxy statement with the SEC on May 4, 2026, and expects to begin mailing proxy materials around May 11, ensuring shareholders receive timely information regarding the merger transaction.
- Disclosure Commitment: The company emphasizes the importance of shareholders reading the registration statement and proxy statement before making voting or investment decisions, indicating its focus on transparency to mitigate potential legal risks and bolster investor confidence.
See More
