Recent Updates — VJET

Flyte Aviation announced preliminary unaudited financial results for the third quarter ended September 30, 2026, reporting record revenue of approximately $2.15 million. This represents a 110% increase compared to $1.02 million in the second quarter of 2026. The Aviation segment drove growth with sequential revenue increasing 150% to approximately $1.87 million, while the MedTech segment saw year-over-year revenue growth of 24%. The company also highlighted a 185% surge in its proprietary digital platform user base since late May 2026, exceeding 20,000 total users. These preliminary results are subject to review by independent auditors and may differ from final figures reported in the upcoming Form 10-Q. Flyte Aviation operates a technology-enabled private aviation company that modernizes consumer access to private air travel through its digital platform and fleet operations.

On October 9, 2026, Flyte Aviation reduced the conversion price of its Series C-1 through C-4 and Series D Convertible Preferred Stock from $2.30 to $1.00 per share, waiving applicable floor prices. The company also lowered the conversion price of its outstanding Series J Convertible Preferred Stock to $1.00 per share following stockholder approval on September 30, 2026. Concurrently, existing investors purchased an aggregate of 2,050 shares of newly issued Series C-4 Convertible Preferred Stock for gross proceeds of $2.05 million under the Additional Investment Right of a March 9, 2026 agreement. The closing is expected on or about October 13, 2026. Each share of the new preferred stock converts into common stock at $1.00 per share, subject to beneficial ownership limitations. Flyte Aviation operates in the aviation technology sector.