Jet.AI Inc.

Jet.AI Inc. has further adjourned its Special Meeting of Stockholders to July 2, 2026, to allow additional time for shareholders to approve the proposed merger with flyExclusive, Inc. While approximately 99.0% of the 688,430 votes cast were in favor, the company has not yet secured the affirmative vote of a majority of its outstanding shares, requiring 29,594 additional votes. The record date for the distribution of SpinCo shares, a condition of the merger, has been adjusted to July 6, 2026. Both Institutional Shareholder Services Inc. and Glass, Lewis & Co. recommend voting "FOR" the transaction.

Jet.AI Inc. announced the further adjournment of its Special Meeting of Stockholders to July 2, 2026, to allow additional time for voting on the proposed flyExclusive, Inc. transaction. As of the record date, 1,421,721 shares were outstanding, with 688,430 shares (48.4%) represented at the meeting, and 99.0% of votes cast were in favor. The company also changed the record date for Jet.AI SpinCo, Inc. shares distribution from June 25, 2026, to July 6, 2026. Both Institutional Shareholder Services Inc. and Glass, Lewis & Co. have recommended that stockholders vote "FOR" the transaction.

Jet.AI Inc. adjourned its special meeting of stockholders on June 11, 2026, to allow more time for stockholders to vote on the proposed merger with flyExclusive, Inc. and the spinoff of Jet.AI SpinCo, Inc. While approximately 99% of the 486,285 votes cast were in favor, this represented only 34.2% of outstanding shares, falling short of the required majority. The meeting will reconvene on June 23, 2026, and the record date for the SpinCo share distribution has been changed from June 15, 2026, to June 25, 2026.

Jet.AI Inc. announced the adjournment of its Special Meeting of Stockholders, originally scheduled for June 11, 2026, to allow additional time for stockholders to vote on the flyExclusive, Inc. transaction proposals. The meeting will reconvene on June 23, 2026, at 4:00 p.m. Eastern time. While approximately 34.2% of outstanding shares were represented and 99% of votes cast were in favor, the transaction requires a definitive majority of outstanding shares to pass, making every vote critical.

Jet.AI Inc. will present at Maxim Group LLC’s “Architecting Tomorrow: The AI Data Center Summit” on June 11, 2026. The virtual conference will focus on the evolving landscape of AI infrastructure, including challenges like power, GPUs, cooling, construction, and financing. Jet.AI, a provider of high-performance GPU infrastructure and AI cloud services, will discuss its role in meeting the surging demand for AI capacity.

Jet.AI Inc. announced its Board of Directors has authorized a formal review of strategic alternatives for its equity interest in Space Exploration Technologies Corp. The review aims to maximize shareholder value and may include options such as acquiring more equity, retaining the position, distributing the interest to shareholders via spin-off or special dividend, or selling it. The company previously made a $5.0 million strategic investment in April 2026, providing an economic interest in SpaceX and its subsidiaries. This review is prompted by the anticipated SpaceX IPO, which is projected to be the largest in history with an approximate valuation of $1.75 trillion. No decisions have been made, and there is no assurance that the review will result in any transaction.

Jet.AI Inc. announced that its Board of Directors has declared a distribution of shares of Jet.AI SpinCo, Inc. and set June 15, 2026, as the record date for stockholders to participate. This distribution is in connection with the proposed merger with flyExclusive, Inc., where SpinCo shares will convert into flyExclusive Class A common stock. Stockholders will also retain their existing Jet.AI shares, providing exposure to both AI infrastructure and private aviation businesses. The company encourages a "FOR" vote at the virtual Special Meeting on June 11, 2026, a recommendation supported by Glass Lewis.

Jet.AI Inc. announced that Glass, Lewis & Co. has recommended stockholders vote "FOR" the proposed merger with flyExclusive, Inc. The Jet.AI Board of Directors strongly concurs with this recommendation and urges all stockholders to cast their votes promptly. The company emphasizes that every vote is critical, and not voting has the same effect as voting "AGAINST" the deal, which requires an affirmative majority of outstanding shares.

Jet.AI Inc. announced its first-quarter 2026 financial results, reporting a net loss of $(2.68) million, an improvement from the $(3.17) million loss in Q1 2025, despite a decrease in revenue to $1.68 million. The company significantly bolstered its cash position to $13.5 million and confirmed that its proposed merger with flyExclusive is on track for a shareholder vote on June 11, 2026. Additionally, Jet.AI highlighted strategic investments, including a $5 million economic interest in SpaceX and $17.23 million in AI Infrastructure Acquisition Corp., alongside progress in its data center projects and a new $5 million share repurchase authorization. The company also amended employment agreements for its Executive Chairman and Interim CFO, extending restricted periods and adding clawback provisions.

Jet.AI Inc. is urging stockholders to vote "FOR" its landmark transaction with flyExclusive, Inc. at the upcoming Special Meeting on June 11, 2026. The deal involves divesting Jet.AI's legacy aviation business to flyExclusive in exchange for flyExclusive common stock, while Jet.AI shareholders retain their equity in a new pure-play AI infrastructure company. This strategic move aims to unlock growth capital and accelerate AI cloud services, with the definitive proxy statement already mailed to stockholders of record as of May 8, 2026.