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Jet.AI and flyExclusive Remain Committed to Transaction – Closing Expected in the First Quarter of 2026

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Las Vegas, NV, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (Nasdaq: JT...

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AI Summary

JTAI's merger with flyExclusive extended to April 30, 2026. Jet.AI emphasizes commitment to merger with flyExclusive. Closing of the merger expected in Q1 2026. FlyExclusive filed necessary documents with the SEC for merger. This merger supports JTAI's growth in AI infrastructure.

Sentiment Rationale

The merger with flyExclusive can enhance JTAI's market position and shareholder value, similar to successful past mergers in tech fundamentals.

Trading Thesis

Merger completion may lead to increased revenues and operational capabilities over time, as seen with other tech mergers boosting service capacities.

Market-Moving

  • JTAI's merger with flyExclusive extended to April 30, 2026.
  • Jet.AI emphasizes commitment to merger with flyExclusive.
  • Closing of the merger expected in Q1 2026.

Key Facts

  • JTAI's merger with flyExclusive extended to April 30, 2026.
  • Jet.AI emphasizes commitment to merger with flyExclusive.
  • Closing of the merger expected in Q1 2026.
  • FlyExclusive filed necessary documents with the SEC for merger.
  • This merger supports JTAI's growth in AI infrastructure.

Companies Mentioned

  • FLYX (FLYX)
  • NVDA (NVDA)

Corporate Developments

The merger significantly influences JTAI's strategic trajectory and potential profitability, thereby impacting investor sentiment.

Jet.AI and flyExclusive Extend Merger Agreement, Closing Anticipated in Q1 2026

Las Vegas, NV, Jan. 14, 2026 (GLOBE NEWSWIRE) — Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), a rising player in high-performance GPU infrastructure and AI cloud services, has announced an extension to its merger agreement with flyExclusive, Inc. (NYSE American: FLYX). The new deadline for completing the merger has been set to April 30, 2026, with closing anticipated in the first quarter of 2026.

Statements from Leadership

Jet.AI's Founder and Executive Chairman, Mike Winston, expressed enthusiasm about the merger: “We’re excited about the deal and remain firmly committed.” Jim Segrave, the Founder and CEO of flyExclusive, echoed this sentiment with his own commitment statement: “We remain enthusiastically committed to the deal.”

About Jet.AI

Jet.AI Inc. specializes in leveraging artificial intelligence tools and infrastructure to improve decision-making and performance across complex systems. The Company is publicly traded on the NASDAQ Capital Market under the ticker symbol JTAI.

Additional Information on the Merger

The merger is governed by an Amended and Restated Agreement and Plan of Merger and Reorganization, initially dated May 6, 2025. flyExclusive has filed a Registration Statement on Form S-4 (File No. 333-284960) to register the stock that will be issued in relation to the proposed merger. Included in this Registration Statement is a proxy statement from Jet.AI and a prospectus from flyExclusive (collectively termed the “Proxy Statement/Prospectus”).

Investor Guidance

Investors and stockholders are advised to review the Registration Statement and Proxy Statement/Prospectus, which will contain critical information about both Jet.AI and flyExclusive as well as details about the proposed merger. Free copies of these documents can be accessed on the SEC’s website at www.sec.gov or directly from Jet.AI via its investor relations site at investors.jet.ai.

Important Transparency Information

The parties involved in the merger, including Jet.AI and flyExclusive, alongside certain directors and officers, may be seen as participants in the solicitation of proxies from Jet.AI’s stockholders regarding the proposed transactions. Stockholders seeking detailed information about the board members and their interests in the merger can refer to the filings made with the SEC.

Cautionary Notes Regarding Forward-Looking Statements

This announcement includes certain forward-looking statements as defined by federal securities laws. These statements, which may concern projections related to Jet.AI’s future results and market conditions, should be treated with caution due to inherent risks and uncertainties. Interested parties should review Jet.AI’s filings to the SEC for comprehensive discussions of the potential risks that could impact actual results compared to anticipated outcomes.

Contact Information

For investor relations inquiries, please reach out to:
Gateway Group, Inc.
Phone: 949-574-3860
Email: Jet.AI@gateway-grp.com

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