Jet.AI adjourns stockholder vote on flyExclusive deal to July 2

Jet.AI Inc. (NASDAQ: JTAI) has adjourned its Special Meeting of Stockholders to July 2, 2026, to allow more time for shareholders to vote on its proposed transaction with flyExclusive, Inc., according to a press release from the company.

The meeting, originally held June 11, 2026, and previously adjourned to June 23, 2026, will reconvene at 4:00 p.m. Eastern time on July 2 via a virtual meeting platform.

As of the May 8, 2026 record date, there were 1,421,721 shares of common stock outstanding and eligible to vote. Of those, 688,430 shares, representing approximately 48.4% of eligible votes, had been cast. Approximately 99.0% of votes already submitted were in favor of the transaction. The company noted that 29,594 additional shares, representing about 2.1% of outstanding shares, are needed to reach the required majority threshold.

Because the transaction requires approval from a majority of all outstanding shares, abstentions and non-votes have the same effect as votes against the deal.

In connection with the adjournment, Jet.AI changed the record date for distribution of Jet.AI SpinCo, Inc. shares from June 25, 2026 to July 6, 2026.

Institutional Shareholder Services Inc. and Glass, Lewis & Co. have each recommended that stockholders vote in favor of the proposed flyExclusive transaction. Stockholders who have already submitted proxies do not need to take further action unless they wish to change their vote.

The proposed transaction is governed by an Amended and Restated Agreement and Plan of Merger and Reorganization dated May 6, 2025, among Jet.AI, flyExclusive, FlyX Merger Sub, Inc., and Jet.AI SpinCo, Inc. A registration statement related to the deal was declared effective on April 30, 2026.

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