Jet.AI amends merger deal with flyExclusive, drops $50M financing plan

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Go back to Jet.AI amends merger deal with flyExclusive, drops $50M financing plan

Jet.AI Provides Capital Structure and Strategic Update in Connection with Merger Agreement Amendment

February 12, 2026 8:30 AM EST

LAS VEGAS, NV, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (Jet.AI or the Company) (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced updates regarding its capital structure, financing arrangements and strategic flexibility in connection with a newly executed amendment (the Amendment) to its previously announced Amended and Restated Agreement and Plan of Merger and Reorganization (the Merger Agreement) with flyExclusive, Inc. (NYSE: FLYX) (flyExclusive). The Amendment was executed February 11, 2026.

As part of the Amendment, the parties agreed... More