Jet.AI Shareholder Votes Exceed Threshold for flyExclusive Merger, Closing July 7
JTAI•Jet.AI shareholders voted in favor of the proposed merger with flyExclusive, surpassing the required majority and reconvening July 2 for vote certification. Pending final approval and customary conditions, the merger is expected to close around July 7, 2026, with shareholders of record on July 6 receiving the agreed consideration.
1. Vote Results
Jet.AI announced that a majority of its voting shares supported the merger with flyExclusive, exceeding the threshold required for approval at its special stockholder meeting. This preliminary result sets the stage for final certification once the meeting reconvenes.
2. Final Certification and Timeline
The special meeting will reconvene July 2 at 4:00 p.m. Eastern to certify the vote. Subject to final stockholder approval and customary closing conditions, the transaction is slated to close on or about July 7, 2026.
3. Record Date and Merger Consideration
Shareholders of record as of the close of business on July 6, 2026, will be eligible to receive the merger consideration outlined in the company’s definitive proxy. Details of the consideration package were described in the proxy statement.
4. Voting Procedures and Deadlines
Stockholders may change or revoke their proxy before polls close at 4:00 p.m. Eastern on July 2. Voting options include online, phone and mail, with mailed proxies due by 11:59 p.m. Eastern on July 1 to be counted.
