What Happened

Jet.AI Inc. announced a distribution of shares in Jet.AI SpinCo, Inc. as part of its proposed merger with flyExclusive, Inc. Stockholders of Jet.AI as of June 15, 2026, will receive SpinCo shares, which will convert into flyExclusive common stock upon merger completion. The transaction is subject to stockholder approval, with a special meeting scheduled for June 11, 2026.

Who Is Affected

Jet.AI stockholders as of June 15, 2026, will receive SpinCo shares, which will convert into flyExclusive Class A common stock. The merger requires approval from Jet.AI stockholders, with Glass Lewis recommending a 'FOR' vote.

Market Impact

• Jet.AI’s focus shifts to AI infrastructure and data centers, potentially accelerating growth in this sector.
• flyExclusive gains exposure to Jet.AI’s AI capabilities, enhancing its private aviation offerings.
• Stockholders retain Jet.AI shares while gaining exposure to flyExclusive’s private aviation business.

What to Watch

Monitor the outcome of the June 11, 2026, special meeting for stockholder approval. Track how the merger impacts Jet.AI’s AI infrastructure strategy and flyExclusive’s market position in private aviation.