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Jet.AI Stockholders Approve Proposed flyExclusive Transaction
LAS VEGAS, NV, July 06, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the “Company”) (NASDAQ: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that its stockholders have approved the proposed transaction with flyExclusive, Inc. (“flyExclusive”) at the Company’s reconvened Special Meeting of Stockholders (“Special Meeting”), which was held on July 2, 2026 at 4:00 p.m. Eastern time. As of the close of business on May 8, 2026, the record
About this update from Jet.ai Inc.
LAS VEGAS, NV, July 06, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that its stockholders have approved the proposed transaction with flyExclusive, Inc. ("flyExclusive") at the Company's reconvened Special Meeting of Stockholders ("Special Meeting"), which was held on July 2, 2026 at 4:00 p.m. Eastern time. As of the close of business on May 8, 2026, the record date for the Special Meeting, 1,421,721 shares of the Company's common stock were outstanding and entitled to vote at the Special Meeting. A total of 778,325 shares of the Company's common stock were represented in person or by valid proxies at the reconvened Special Meeting. Of the votes cast, 768,718 shares, or approximately 99%, were voted in favor of the transaction, while 5,155 shares, or approximately 0.4%, were voted against the transaction and 4,452 shares, or approximately 0.3%, abstained. Upon closing, Jet.AI stockholders as of the close of business on July 6, 2026, the record date for the distribution of shares of Jet.AI SpinCo, Inc. common stock, will be entitled to receive the merger consideration, as described in the merger agreement for the transaction and the Company's definitive proxy statement filed with the SEC on May 4, 2026, while retaining their existing Jet.AI shares. The transaction is intended to allow Jet.AI to continue its transition toward a pure-play artificial intelligence infrastructure and solutions company while enabling flyExclusive to expand its private aviation platform. The transactions, including the distribution and merger, are subject to the satisfaction or waiver of remaining customary closing conditions and are expected to close on or about July 7, 2026. "We are grateful for the support of our stockholders and pleased to have reached this important milestone," said Mike Winston, Founder and Executive Chairman of Jet.AI. "Approval of the transaction advances our plan to sharpen Jet.AI's focus on AI infrastructure and cloud services while giving our stockholders the opportunity to participate in flyExclusive's continued growth in the private aviation space." About Jet.AI Inc.Jet.AI Inc. (NASDAQ: JTAI) is a technology-driven company focused on deploying artificial intelligence tools and high-performance GPU infrastructure to e...