The vote that had been short by roughly 22,500 shares in June arrived on 2 July.

flyExclusive announced that Jet.AI Inc. stockholders approved the merger at their special meeting on 2 July 2026. The companies expected to close the transaction on or about 7 July 2026.

Operating performance cited alongside it

• Q1 2026 revenue of $96.4 million, approximately 9% year-over-year growth.
• Flight hours up 7% to 18,537 hours.
• Positive Adjusted EBITDA for the second consecutive quarter, a $6.6 million improvement on the prior-year period.
• In May 2026, the number one North American Part 135 operator by both flight hours and flight count according to ARGUS TRAQPak data, surpassing 7,000 flight hours in the month.

How the consideration works

Jet.AI stockholders of record as of 6 July 2026 receive merger consideration while retaining their existing Jet.AI shares — the structure that let Jet.AI shareholders take value from the aviation business without giving up continued ownership in Jet.AI itself.

With stockholder approval now behind us, we’re focused on executing.

Jim Segrave, Founder, Chairman and Chief Executive Officer

The transaction closed the following week — see flyExclusive completes the Jet.AI aviation asset acquisition.

Based on the company press release of 6 July 2026. Read the original on the flyExclusive investor relations site.