Jet.AI amends merger deal with flyExclusive, drops $50M financing plan

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/18/2026

1. VRNS
2. JBHT
3. CRWV
4. TSLA
5. SCHW
6. GPRK
7. TFC
8. TRV
9. USB
10. SPY

Go back to Jet.AI amends merger deal with flyExclusive, drops $50M financing plan

Jet.AI Provides Capital Structure and Strategic Update in Connection with Merger Agreement Amendment

February 12, 2026 8:30 AM EST

LAS VEGAS, NV, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (Jet.AI or the Company) (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced updates regarding its capital structure, financing arrangements and strategic flexibility in connection with a newly executed amendment (the Amendment) to its previously announced Amended and Restated Agreement and Plan of Merger and Reorganization (the Merger Agreement) with flyExclusive, Inc. (NYSE: FLYX) (flyExclusive). The Amendment was executed February 11, 2026.

As part of the Amendment, the parties agreed... More