Jet.AI Sets June 11 Vote on All-Stock FlyExclusive Deal, Pure-Play AI Pivot
JTAI•Jet.AI has scheduled a June 11, 2026 special meeting requiring a majority vote on an all-stock transaction to transfer its aviation assets to flyExclusive in exchange for shares of the aviation operator. Upon approval, shareholders retain 100% of Jet.AI equity as the company pivots to a pure-play AI infrastructure provider.
1. Special Meeting Details
Jet.AI has scheduled a special meeting of stockholders on June 11, 2026 to vote on the strategic divestiture to flyExclusive. Materials were mailed to shareholders of record as of May 8, 2026 and a majority of outstanding shares is required for approval.
2. Transaction Terms
Under the all-stock agreement, flyExclusive will acquire Jet.AI’s aviation business—including its fleet of Citation and HondaJet aircraft and customer contracts—in exchange for flyExclusive common stock distributed to Jet.AI shareholders. Shareholders will also retain 100% of their existing Jet.AI equity post-closing.
3. AI Infrastructure Pivot
Following divestiture of aviation assets, Jet.AI will emerge as a focused AI infrastructure provider with resources directed toward high-performance GPU deployment and B2B cloud services. Management anticipates accelerated growth capital allocation into AI cloud offerings.
4. Voting Instructions
Shareholders are urged to vote “FOR” the transaction before the June 11 deadline using online, phone, or mail proxy methods outlined in their proxy cards. Not voting will count as a vote against the deal, so every share must be voted.
