Jet.AI Stock Sees Gains#
Jet.AI Inc. (NASDAQ:JTAI) experienced a 4% rise in its stock price on Friday. This increase follows the announcement that the Securities and Exchange Commission (SEC) has approved the Registration Statement Form S-4 filed by flyExclusive, Inc. (NYSE American:FLYX). This form is a crucial step in the merger process, allowing the companies to move forward.
Next Steps in the Merger Process#
With the SEC's approval, the merger is now progressing to the phases where stockholders will vote on the transaction and finalize the deal. Jet.AI plans to hold a special meeting for its stockholders on June 11, 2026. Stockholders who are on record as of May 8, 2026, will have the opportunity to cast their votes on the proposed merger.
Upcoming Proxy Statement#
Jet.AI has indicated that it will file a definitive proxy statement with the SEC on May 4, 2026. This document will provide detailed information about the special meeting and the merger, including how stockholders can vote and the potential risks involved in the transaction. The company anticipates that the definitive proxy materials will be mailed out around May 11, 2026.
This merger is significant for Jet.AI, which specializes in providing GPU infrastructure and AI cloud services, as it could enhance its operational capabilities and market position.