MergerOct 28, 2026, 01:01 PM
flyExclusive to Issue 1.54M Additional Shares for Jet.AI Acquisition
AI Summary
flyExclusive, Inc. announced the determination of the final post-closing purchase price and per share ratio for its acquisition of Jet.AI Inc. assets. As a result, holders who received shares at the merger effective time will receive an additional 0.789094 shares of flyExclusive Inc. Class A Common Stock for each share of SpinCo common stock exchanged. The company expects to issue a total of 1,544,575 shares of Common Stock as Additional Merger Consideration, with payment anticipated by October 30, 2026. Fractional shares will be handled through a sale and pro rata distribution of proceeds.
Key Highlights
- flyExclusive to issue an additional 1,544,575 shares of Class A Common Stock as Additional Merger Consideration.
- Final post-closing purchase price determined on October 28, 2026, setting the final per share ratio.
- Holders will receive an additional 0.789094 shares of flyExclusive Inc. Class A Common Stock for each share of SpinCo common stock exchanged.
- Additional Merger Consideration includes 1,419,224 shares held in reserve plus 125,351 additional shares.
- Payment date for Additional Merger Consideration is expected to be October 30, 2026.
- No fractional shares will be issued; fractional shares will be aggregated, sold, and proceeds distributed.
Price Impact
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