Mergers & Acquisitions ·
Following the closing of merger transactions with flyExclusive, Inc., FlyX Merger Sub, Inc., and Jet.AI SpinCo, Inc.…
JTAIJet.AI Inc.
Following the closing of merger transactions with flyExclusive, Inc., FlyX Merger Sub, Inc., and Jet.AI SpinCo, Inc. on July 13, 2026, the Company's board of directors unanimously determined that certain unvested Performance Share Unit (PSU) awards would not vest upon the change of control. This decision prevented the following approximately 1,621,321 shares of common stock that otherwise would have been issued upon accelerated vesting, thereby avoiding dilution to existing stockholders. Additionally, on July 15, 2026, the Company granted 360,000 restricted stock awards to officers and employees under the 2023 Amended and Restated Omnibus Incentive Plan. Jet.AI Inc. operates in the private aviation industry and provides private jet services.