MergerJul 6, 2026, 08:46 AM
Jet.AI Stockholders Approve flyExclusive Merger Proposal
AI Summary
Jet.AI Inc. announced that its stockholders approved the proposed merger with flyExclusive, Inc. at a reconvened Special Meeting on July 2, 2026. The merger proposal received overwhelming support, with approximately 99% of votes cast in favor. As a result, Jet.AI stockholders of record as of July 6, 2026, will receive shares of Jet.AI SpinCo, Inc. on a pro rata basis, which will then convert into flyExclusive Class A common stock upon completion of the merger. The company anticipates the transactions to close on or about July 7, 2026, subject to customary closing conditions.
Key Highlights
- Jet.AI stockholders approved the merger proposal with flyExclusive, Inc. on July 2, 2026.
- 768,718 shares (approximately 99% of votes cast) were FOR the transaction.
- 5,155 shares (approximately 0.4%) were AGAINST the transaction.
- 4,452 shares (approximately 0.3%) ABSTAINED from voting.
- The record date for the distribution of SpinCo shares is July 6, 2026.
- Stockholders will receive one share of SpinCo common stock for each Jet.AI share.
- The transactions are expected to close on or about July 7, 2026.
Price Impact
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