Mergers & Acquisitions ·
Issues 1.54M additional shares to Jet.AI merger holders as final post-closing consideration is determined
FLYXFlyexclusive Inc.
flyExclusive, Inc. has finalized the post-closing purchase price for its July acquisition of certain assets from Jet.AI Inc. The company will issue an aggregate of 1,544,575 shares of Class A Common Stock as additional merger consideration to former Jet.AI shareholders. This includes 1,419,224 shares held in reserve and an additional 125,351 shares. Holders who previously received 2.900218 shares per SpinCo share will receive an extra 0.789094 shares for each SpinCo share exchanged. The payment is expected on October 30, 2026. Fractional shares will be rounded up and sold with proceeds distributed pro rata. This issuance does not affect other common stockholders. flyExclusive operates in the private aviation industry, providing aircraft chartering and management services.