Aankondiging • Jul 14

FlyExclusive, Inc. (NYSEAM:FLYX) completed the acquisition of the Aviation Business of Jet.AI Inc. (NasdaqCM:JTAI) for $ 25.6 million.

FlyExclusive, Inc. (NYSEAM:FLYX) entered a definitive agreement to acquire the Aviation Business of Jet.AI Inc. (NasdaqCM:JTAI) on February 13, 2025. The transaction will occur following Jet.AI’s spin of the business into a new company (“SpinCo”), which would then be acquired by flyExclusive (collectively, the “Business Combination”). Jet.AI shareholders will retain their Jet.AI stock and receive new Class A common shares in flyExclusive as part of the transaction. The purchase price shall be determined based on Jet.AI’s Net Cash multiplied by the Applicable Premium Percentage. Net Cash of at least $12 million is a condition to closing the Business Combination and will consist of the Company’s cash on hand (including any deposits held by Textron Aviation) subtracting any cash net working capital requirement mutually agreed upon, and transaction costs triggered by the closing of the Business Combination. To satisfy closing conditions and to meet the company’s ongoing financing requirements, Jet.AI has signed a $50 million non-binding term sheet with Hexstone Capital LP on economic terms substantially similar to those of its existing $16.5 million arrangement with Ionic Ventures LLC. Under certain circumstances, Jet.AI may be obligated to pay flyExclusive a termination fee of $0.65 million. The transaction is subject to various closing conditions, including but not limited to Jet.AI financing, regulatory review, shareholder approval, registration statement on Form S-4 to effect the registration of the Merger Consideration Shares becoming effective, listing approval and each officer and director of SpinCo shall resign from each of his or her positions. The transaction is expected to close in the second quarter of 2025. As of May 6, 2025, the agreement and plan of merger and reorganization has been amended and restated to memorialize the manner in which the shares of flyExclusive Class A common stock will be delivered to the stockholders of SpinCo. As of July 30, 2025, the parties executed Amendment No. 1 to extend the "Outside Date" for the closing of the transaction from June 30, 2025, to October 31, 2025. This means that they have more time to complete the merger process. As of, 2025, due to U.S. government shutdown, the parties have mutually to extend the "Outside Date" for the closing of the transaction to December 31, 2025. On January 13, 2026, executed Amendment No. 3 to extend the Outside Date from December 31, 2025, to April 30, 2026. On February 11, 2026, executed Amendment No. 4 which eliminates the closing condition that would have required the Company to execute a new securities purchase agreement with a third-party investor, pursuant to which the Company would have issued the investor a warrant to purchase up to $50 million worth of shares of a newly-designated series of preferred stock. Additionally, the Amendment provides the Company with the ability to explore and negotiate potential post-closing strategic transactions, provided that any such transaction must be (i) conditioned upon the closing of the Transactions, and (ii) consummated after the closing of the Transactions. On June 2, 2026, Glass, Lewis & Co. recommended that Jet.AI stockholders vote FOR the proposed merger with flyExclusive, Inc. The Merger will be consummated during the first half of 2026. On June 8, 2026, Institutional Shareholder Services Inc. has recommended that Jet.AI stockholders vote for the proposed merger with flyExclusive at the upcoming special meeting of Stockholders scheduled for June 11, 2026. As of July 2, 2026, the transaction has been approved by the shareholders of Jet.AI Inc. The team of Dykema Gossett PLLC led by Kate Bechen and Andrew Frost acted as legal advisor to Jet.AI Inc. The team of Wyrick Robbins Yates & Ponton LLP led by Larry E. Robbins and David P. Creekman acted as legal advisor to flyExclusive, Inc. Continental Stock Transfer & Trust Company acted as transfer agent to flyExclusive. Laurel Hill Advisory Group, LLC acted as information agent to Jet.AI. Newbridge Securities Corporation acted as financial advisor and provided fairness opinion to Jet.AI. Glass, Lewis & Co., LLC and Institutional Shareholder Services Inc. acted as transfer agent to flyExclusive and Jet.AI respectively. Jet.AI agreed to pay Newbridge a fee of $0.65 million, of which $0.65 million was paid upon delivery of the Opinion. On May 4, 2026, it was announced that the special meeting stockholders of Jet.AI Inc. will be held on June 11, 2026 in order to approve the transaction. On May 20, 2026, it was announced that the special meeting stockholders of Jet.AI Inc. will be held on June 11, 2026 in order to approve the transaction. Jet.AI Inc. is announcing that its stockholders have given preliminary approval for a proposed transaction with flyExclusive, Inc. The final vote will be certified on July 2, 2026. The transaction is expected to be completed on or about July 7, 2026. On July 6, 2026, it was announced that the transaction has been approved by the stockholders of Jet.AI Inc at the special meeting held on July 2, 2026. FlyExclusive, Inc. (NYSEAM:FLYX) completed the acquisition of the Aviation Business of Jet.AI Inc. (NasdaqCM:JTAI) for $25.6 million on July 13, 2026. The consideration consisted of an aggregate of 7,096,115 shares of flyExclusive Class A common stock. The terms of the transaction included an upfront payment of 5,676,892 shares approximately 80% of the consideration issued at closing. The remaining 1,957,402 shares approximately 20% are being held in reserve, contingent upon the final post-closing purchase price determination in 90 days. Concurrently and immediately prior to the merger, Jet.AI Inc. completed the spin-off of Jet.AI SpinCo, Inc. to its stockholders of record as of July 6, 2026.

Aankondiging • Aug 11

Jet Token Inc. completed the acquisition of Oxbridge Acquisition Corp. (NasdaqCM:OXAC) from a group of shareholders in a reverse merger transaction.

Jet Token Inc. signed a Letter of intent to acquire Oxbridge Acquisition Corp. (NasdaqCM:OXAC) from a group of shareholders in a reverse merger transaction on December 23, 2022. Jet Token Inc. entered into a definitive business combination agreement to acquire Oxbridge Acquisition Corp. from a group of shareholders for approximately $110 million in a reverse merger transaction on February 24, 2023. The transaction contemplates an enterprise value of approximately $45 million for Jet Token, and additional earnout warrants with a Black Scholes valuation of $60 million. The earnout warrants have a strike price of $15 and a term of 10 years. As such, Jet Token shareholders are expected to receive total mixed consideration of $105 million, or $0.72 per Jet Token share. The proposed business combination contemplates that Jet Token stockholders will roll 100% of their equity holdings into the combined company and will hold approximately 52.6% of the issued and outstanding shares of common stock of the combined company immediately following the consummation of the transaction, assuming no redemptions by Oxbridge’s existing shareholders. Transaction is expected to result in Jet Token becoming publicly listed. Upon the closing of the transaction, the combined company will be named Jet.AI Inc. and its securities are expected to be listed on Nasdaq Capital Markets. The combined company will operate under the same management team as Jet Token, which is led by Michael Winston, Founder and Executive Chairman of Jet Token.The transaction is subject to approval by the stockholders of Jet Token and Oxbridge; all required filings under the HSR Act having been completed and the any waiting period applicable to the consummation of the Transactions under the HSR Act having expired or terminated; the Registration Statement being declared effective and remaining in effect; Shares of combined company being listed on the Nasdaq Capital Market, or another national securities exchange mutually agreed to by the parties, as of the Closing Date; OXAC having at least $5,000,001 of net tangible asset; the period for exercising appraisal rights pursuant to Section 262 of the DGCL shall have lapsed; all members of OXAC's board shall have executed written resignations; OXAC shall have received employment agreements and other customary closing conditions. The transaction has been unanimously approved by the boards of directors of Jet Token and Oxbridge. As of July 31, 2023, Oxbridge Acquisition Corp schedules an extraordinary general meeting on August 4, 2023. As of August 7, 0223, Oxbridge Acquisition’s shareholders have approved the transaction. The proposed business combination is expected to be completed late in the second quarter of 2023. Maxim Group LLC is serving as sole financial advisor to Oxbridge. Loren D. Danzis, Stephen M. Cohen and Lauren W. Taylor of Fox Rothschild LLP serving as legal counsels for Jet Token, and Kate Bechen of Dykema Gossett PLLC serving as legal counsels for Oxbridge. Mark Zimkind of Continental Stock Transfer & Trust Company acted as transfer agent to Oxbridge. Karen Smith of Advantage Proxy acted as proxy solicitor to Oxbridge for a fee of $5,000, plus disbursements. Stanton Park Advisors LLC acted as fairness opinion provider to the board of Oxbridge and will receive a fee of $22,500 in connection with delivery of its Opinion. Dykema Gossett PLLC, Maxim Group LLC and Stanton Park Advisors LLC acted as due diligence providers to Oxbridge.Jet Token Inc. completed the acquisition of Oxbridge Acquisition Corp. (NasdaqCM:OXAC) from a group of shareholders in a reverse merger transaction on August 11, 2023.

Rente dekkingsratio	n/a
Contant	US$13.50m
Aandelen	US$35.98m
Totaal verplichtingen	US$3.43m
Totaal activa	US$39.41m

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/07/31 16:18
Aandelenkoers aan het einde van de dag	2026/07/31 00:00
Inkomsten	2026/03/31
Jaarlijkse inkomsten	2025/12/31

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Jet.AI Balans Gezondheid

Financiële gezondheid criteriumcontroles 6/6

Belangrijke informatie

Recente financiële gezondheidsupdates

Jet Inc Announces Reverse Stock Split Intended to Maintain Compliance with the Minimum Bid Price Requirement Under Nasdaq's Continued Listing Criteria

Jet.AI Inc. Receives Letter from the Listing Qualifications Department of the Nasdaq

Jet.AI Receives Letter from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement

Jet.AI Inc. Provides Non-Compliance Update

Recent updates

FlyExclusive, Inc. (NYSEAM:FLYX) completed the acquisition of the Aviation Business of Jet.AI Inc. (NasdaqCM:JTAI) for $ 25.6 million.

Investor sentiment improves as stock rises 16%

First quarter 2026 earnings: EPS and revenues miss analyst expectations

Jet.AI Inc. announced that it expects to receive $5 million in funding

Jet Inc Announces Reverse Stock Split Intended to Maintain Compliance with the Minimum Bid Price Requirement Under Nasdaq's Continued Listing Criteria

Jet.AI Inc. (NasdaqCM:JTAI) announces an Equity Buyback for $5 million worth of its shares.

New major risk - Revenue and earnings growth

Full year 2025 earnings: EPS and revenues exceed analyst expectations

New major risk - Revenue and earnings growth

Jet.AI Inc. Receives Letter from the Listing Qualifications Department of the Nasdaq

Risks Still Elevated At These Prices As Jet.AI Inc. (NASDAQ:JTAI) Shares Dive 60%

New major risk - Share price stability

Jet.AI Inc. has withdrawn its Follow-on Equity Offering.

More Unpleasant Surprises Could Be In Store For Jet.AI Inc.'s (NASDAQ:JTAI) Shares After Tumbling 32%

Jet.AI Inc. has filed a Follow-on Equity Offering.

New minor risk - Share price stability

Jet.AI Inc. has filed a Follow-on Equity Offering in the amount of $3.540848 million.

New major risk - Revenue and earnings growth

Jet.AI Inc., Annual General Meeting, Dec 19, 2025

Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Jet.AI Inc.'s (NASDAQ:JTAI) 27% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

New major risk - Market cap size

Consensus revenue estimates decrease by 44%, EPS upgraded

Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind

Jet.AI Inc.'s (NASDAQ:JTAI) Shareholders Might Be Looking For Exit

First quarter 2025 earnings released

New major risk - Revenue and earnings growth

Consensus EPS estimates upgraded to US$4.66 loss

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Some Jet.AI Inc. (NASDAQ:JTAI) Shareholders Look For Exit As Shares Take 29% Pounding

Risks Still Elevated At These Prices As Jet.AI Inc. (NASDAQ:JTAI) Shares Dive 41%

Jet.AI Launches "Ava" Agentic AI Model for Private Jet Booking

Jet.AI Inc. (NASDAQ:JTAI) Just Reported Earnings, And Analysts Cut Their Target Price

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

New major risk - Revenue and earnings growth

Jet.AI Inc. (NasdaqCM:JTAI) announces an Equity Buyback for $2 million worth of its shares.

Jet.AI Inc.'s (NASDAQ:JTAI) 31% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Jet.AI Receives Letter from Nasdaq Regarding Non-Compliance with the Minimum Bid Price Requirement

Jet.AI Inc. has filed a Follow-on Equity Offering in the amount of $1.4976 million.

Jet.AI Inc. Announces Significant Advancements in its AI-Driven Software Offerings — CharterGPT and Reroute AI

Jet.AI Inc. has completed a Follow-on Equity Offering in the amount of $2.4 million.

Jet.AI Inc. has filed a Follow-on Equity Offering in the amount of $2.394 million.

New major risk - Financial position

Jet.AI Opens New JetLeg.AI app to Beta Testers

Jet.AI Inc.'s (NASDAQ:JTAI) 44% Share Price Plunge Could Signal Some Risk

Jet.AI Inc.'s (NASDAQ:JTAI) 44% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

High number of new and inexperienced directors

Jet.AI Inc. Unveils Advanced AI Technology DynoFlight Platform

Jet.AI Inc. announced a financing transaction

Jet.AI Inc. Provides Non-Compliance Update

First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Jet.AI Inc. (NASDAQ:JTAI) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely

New major risk - Revenue and earnings growth

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Jet.AI Inc.'s (NASDAQ:JTAI) Shares Climb 39% But Its Business Is Yet to Catch Up

New major risk - Shareholder dilution

Jet.AI Inc. Launches Reroute AI Software to Intelligently Repurpose Empty Flight Legs for 5,000+ U.S. Part 135 Charter Operators

New major risk - Market cap size

Why Investors Shouldn't Be Surprised By Jet.AI Inc.'s (NASDAQ:JTAI) 101% Share Price Surge

Third quarter 2023 earnings released: US$0.61 loss per share (vs US$0.45 loss in 3Q 2022)

New major risk - Market cap size

Jet.AI on Pace to Release Operator Platform and Four Software Features by Year End

Second quarter 2023 earnings released: US$0.019 loss per share (vs US$0.008 loss in 2Q 2022)

Jet.AI Inc. (NASDAQ:JTAI) May Have Run Too Fast Too Soon With Recent 54% Price Plummet

High number of new and inexperienced directors

Jet Token Inc. completed the acquisition of Oxbridge Acquisition Corp. (NasdaqCM:OXAC) from a group of shareholders in a reverse merger transaction.

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