On July 28, 2026, Jet.AI Inc. funded a $1,750,000 strategic equity investment in StratGrid Inc., a Calgary-based developer of behind-the-meter natural gas-powered data center infrastructure. The investment was made through SG Canada InvestCo LLC, a joint venture in which Jet.AI holds a 60% interest. This capital contribution implies that the joint venture now holds approximately 26% of StratGrid's issued and outstanding common equity interests on a fully vested basis. StratGrid is developing large-scale data center campuses in Southern Alberta, including Project Wheatland with approximately 200 megawatts of generation capacity and expansion potential beyond one gigawatt. Jet.AI operates as an emerging provider of high-performance GPU infrastructure and AI cloud services.

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.

Jet.AI Inc. completed the disposition of its fractional and jet card business through a merger with flyExclusive, Inc., resulting in the distribution of SpinCo shares to stockholders. The transaction delivered approximately $4.60 per share of value to shareholders. Additionally, the company entered into a non-binding letter of intent for a $300 million reverse takeover with a private company, which is expected to provide approximately $10 per share of additional value. Jet.AI Inc. is a technology provider of high-performance GPU infrastructure and AI cloud services.

Jet.AI Inc. stockholders approved the Merger Proposal on July 2, 2026, following several adjournments of the Special Meeting. The transaction involves a merger and reorganization involving flyExclusive, Inc. and a SpinCo, Inc. distribution of shares. Stockholders of record as of July 6, 2026, will receive one share of SpinCo common stock for each share of Jet.AI common stock. Jet.AI Inc. operates in the private aviation industry and provides aviation services.

Jet.AI Inc. adjourned the Special Meeting of stockholders to July 2, 2026, because insufficient votes were cast to approve the merger with flyExclusive, Inc. and the associated spin-off of SpinCo, Inc. The company also updated the Distribution record date to July 6, 2026. Jet.AI Inc. operates in the private aviation industry.

Jet.AI, Inc. adjourned the Special Meeting of Stockholders to June 23, 2026, because it failed to achieve a quorum for voting on the proposed merger and spinoff of its subsidiary, SpinCo, with flyExclusive, Inc. Additionally, the company changed the record date for the distribution of SpinCo shares to June 25, 2026. Jet.AI, Inc. operates in the private aviation industry and provides private jet services.