flyExclusive says Jet.AI merger needs 22,500 more votes to pass

flyExclusive, Inc. (NYSE American: FLYX) provided an update on its pending merger with Jet.AI Inc. (NASDAQ: JTAI), saying the transaction requires approximately 22,500 additional affirmative votes to reach the stockholder approval threshold.

As of a reconvened Special Meeting, 688,285 Jet.AI shares, representing about 48.4% of total outstanding shares, have voted in favor of the merger. The company said approximately 99% of votes cast supported the transaction. Approval requires a majority of all outstanding shares, or roughly 710,861 shares.

The Special Meeting was adjourned and will reconvene on July 2, 2026, to allow remaining stockholders additional time to submit votes. Both Institutional Shareholder Services (ISS) and Glass Lewis & Co. have recommended that Jet.AI stockholders vote in favor of the transaction.

flyExclusive said the merger agreement remains in full force with no changes to transaction terms, structure, or economics.

Jim Segrave, Founder, Chairman and Chief Executive Officer of flyExclusive, said the company's strategic focus for 2026 includes improving profitability, strengthening its balance sheet, and increasing aircraft utilization. He described the Jet.AI transaction as "one component of that broader strategy."

The company also reported that it flew over 7,000 flight hours in the prior month, which it described as its highest utilization on record. flyExclusive operates across charter, maintenance, repair and overhaul, aircraft sales, and technology services.

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