JTAI

DENVER, July 15, 2026 (GLOBE NEWSWIRE) -- ( 247marketnews.com ) -- Several small-cap companies announced developments that could reshape their long-term business models, while others reported operational progress that investors will be watching closely over the coming quarters. Jet.AI (NASDAQ: JTAI) announced a non-binding letter of intent for a proposed business combination with a privately held operating company in a transaction valued at approximately $320 million in enterprise value.

This transaction is independent of the recently completed flyExclusive deal that separately returned approximately $4.60 per share to shareholders.

Proposed business combination and spin-off designed to provide stockholders with equity in two public companies LAS VEGAS, July 14, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (NASDAQ: JTAI) (“Jet.AI” or the “Company”), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced that it has entered into a non-binding letter of intent (the “LOI”) for a proposed business combination with a privately held operating company (the “Counterparty”). The proposed transaction is expected to be priced at approximately $320mm of total enterprise value with approximately $20mm of the $320mm (or roughly 5-6% of the pro-forma company) allocated to Jet.AI shareholders.

LAS VEGAS, July 13, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (NASDAQ: JTAI) (“Jet.AI” or the “Company”), an emerging provider of high-performance GPU infrastructure and AI cloud services, announced the successful closing of its merger transaction with flyExclusive, Inc. (“flyExclusive”), following stockholder approval at the Company's reconvened Special Meeting of Stockholders and satisfaction of all remaining customary closing conditions.

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.

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSE American: FLYX) (“flyExclusive” or the “Company”), a vertically integrated provider of private jet experiences, announces that the special meeting of stockholders of Jet.AI Inc. (NASDAQ: JTAI) (“Jet.AI”), held in connection with the previously announced merger of Jet.AI and flyExclusive, concluded on July 2, 2026. flyExclusive today announced that Jet.AI stockholders have approved the previously announced merger, satisfying one of the fin.

Holders of Record as of July 6 th Eligible for Merger Consideration Pending Final Vote July 2 nd 4pm EDT

KINSTON, N.C.--(BUSINESS WIRE)--flyExclusive, Inc. (NYSE American: FLYX) today reaffirmed its strategic priorities for 2026 and provided an update on the pending merger with Jet.AI Inc. (NASDAQ: JTAI). “As we move through 2026, our focus remains unchanged: improving profitability, strengthening our balance sheet, increasing aircraft utilization, and creating long-term value for shareholders,” said Jim Segrave, Founder, Chairman and Chief Executive Officer of flyExclusive. “The pending Jet.AI tr.

LAS VEGAS, NV, June 24, 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 Special Meeting of Stockholders (the “Special Meeting”), originally convened on June 11, 2026 and previously adjourned to June 23, 2026, has been further adjourned to July 2, 2026 to allow additional time for stockholders to vote on the proposals described in the Company's definitive proxy statement in relation to the flyExclusive, Inc. transaction.

What the Deal Is, What It Is Not, and What You Should Do As of June 16, 2026, approximately 37.9% of the shares outstanding and entitled to vote had been voted. Approximately 98.3% of the votes cast were in favor of the transaction.