Jet.AI has issued an investor guide detailing its proposed transaction with flyExclusive, under which stockholders would receive shares in flyExclusive while retaining their existing Jet.AI shares. As of June 16, 2026, approximately 37.9% of outstanding shares had been voted, with roughly 98.3% of those votes in favor. The deal requires approval from a majority of all outstanding Jet.AI common shares as of the May 8, 2026 record date, and the reconvened special meeting is set for June 23, 2026. If approved, Jet.AI will transfer its aviation assets and related working capital into a subsidiary, Jet.AI SpinCo, whose shares will be distributed to Jet.AI stockholders for free and then convert into flyExclusive Class A common stock, while Jet.AI refocuses on AI infrastructure and data centers. Both Institutional Shareholder Services and Glass Lewis have recommended voting for the transaction.
Jet.AI Inc.Jet.AI issued an investor guide detailing the merger, which will allow it to refocus on AI infrastructure and data centers, with strong shareholder support and proxy advisor recommendations.
flyExclusive, Inc.Jet.AI stockholders will receive shares in flyExclusive, and ISS/Glass Lewis recommend voting for the merger, indicating favorable deal terms.