Jet.AI and flyExclusive Remain Committed to Transaction – Closing Expected in the First Quarter of 2026
Rhea-AI Summary
Jet.AI (Nasdaq: JTAI) and flyExclusive (NYSE American: FLYX) said they extended the merger agreement outside date to April 30, 2026, and expect the transaction to close in the first quarter of 2026. Both companies' founders — Jet.AI Founder and Executive Chairman Mike Winston and flyExclusive CEO Jim Segrave — reiterated firm commitment to completing the deal.
This updates the timeline for the previously agreed transaction and confirms both parties remain supportive of closing within the new timeframe.
Positive
- Merger outside date extended to April 30, 2026
- Both founders expressed continued commitment to closing
- Closing expected in Q1 2026
Negative
- Transaction timeline extended, indicating a later close than originally planned
News Market Reaction – JTAI
On the day this news was published, JTAI gained 13.65%, reflecting a significant positive market reaction. Argus tracked a peak move of +12.1% during that session. Argus tracked a trough of -24.0% from its starting point during tracking. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $874K to the company's valuation, bringing the market cap to $7M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
JTAI’s -14.89% move contrasts with mixed peers: BNZI +4.14%, RYDE +2.40%, IFBD -3.06%, FTFT -13.19%, VS +0.78%. Momentum scanner shows MASK, FTFT, RYDE all moving down, indicating stock-specific pressure rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 30 | Offering withdrawn | Neutral | -6.4% | Company withdrew planned underwritten equity offering citing market conditions. |
| Dec 23 | Data center JV | Positive | -28.3% | Announced JV for 50MW Moapa, Nevada data center campus with sizeable projected value. |
| Dec 04 | Site selection | Positive | +4.6% | Identified 350-acre Canadian data-center site near major power and fiber infrastructure. |
| Nov 19 | SPAC involvement | Positive | -2.4% | Highlighted ownership stakes tied to AI Infrastructure Acquisition Corp’s $138M IPO. |
| Nov 14 | Q3 earnings | Negative | -8.7% | Reported lower revenue, operating loss and limited cash alongside project progress. |
Several positive AI and strategic announcements have previously coincided with negative price reactions, suggesting a tendency to sell into good news or use rallies for liquidity.
Over the last few months, Jet.AI has pursued an AI- and data-center-focused strategy while progressing the flyExclusive transaction. On Nov 14, 2025, Q3 results showed lower revenue and ongoing losses alongside Canadian data center progress. Subsequent AI and infrastructure updates on Nov 19, Dec 4, and
Market Pulse Summary
The stock surged +13.7% in the session following this news. A strong positive reaction aligns with prior periods when merger progress headlines supported optimism despite operational challenges. Historical AI-related news often produced double-digit swings, reflecting a trader-driven shareholder base. Any sharp upside move could face tests from profit-taking given prior dilution efforts and operating losses, while sustained gains may depend on clearer visibility to closing the flyExclusive deal and executing on AI data-center plans.
Key Terms
merger agreement regulatory
gpu technical
AI-generated analysis. Not financial advice.
Las Vegas, NV, Jan. 14, 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 that the parties have extended the outside date of the merger agreement between flyExclusive, Inc. (NYSE American: FLYX) (“flyExclusive”) and Jet.AI to April 30th, 2026, with closing expected in the first quarter of 2026.
“We’re excited about the deal and remain firmly committed," said Jet.AI Founder and Executive Chairman Mike Winston."
flyExclusive’s Founder and Chief Executive Officer, Jim Segrave added: “We remain enthusiastically committed to the deal.”
About Jet.AI
Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems. The Company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI."
Additional Information and Where to Find It
In connection with the transactions contemplated by the Amended and Restated Agreement and Plan of Merger and Reorganization, dated May 6, 2025, between Jet.AI, flyExclusive, FlyX Merger Sub, Inc., and Jet.AI SpinCo, Inc. (as amended, the “Merger Agreement”), flyExclusive has filed a Registration Statement on Form S-4 (File No. 333-284960) (the “Registration Statement”) to register the shares of flyExclusive common stock that will be issued in connection with the proposed transactions. The Registration Statement includes a proxy statement of the Company and a prospectus of flyExclusive (the “Proxy Statement/Prospectus”), and flyExclusive may file with the SEC other relevant documents concerning the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTIONS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, FLYEXCLUSIVE, AND THE PROPOSED TRANSACTIONS AND RELATED MATTERS.
A copy of the Registration Statement, Proxy Statement/Prospectus, as well as other filings containing information about the Company, may be obtained, free of charge, at the SEC’s website at www.sec.gov when they are filed. You will also be able to obtain these documents, when they are filed, free of charge, from the Company by accessing the Company’s website at investors.jet.ai. Copies of the Registration Statement, the Proxy Statement/Prospectus and the filings with the SEC that will be incorporated by reference therein can also be obtained, without charge, by directing a request to the Company at 10845 Griffith Peak Drive, Suite 200, Las Vegas, NV 89135, Attention: Board Secretary, or by phone at (702) 747-4000. The information on the Company’s website is not, and shall not be deemed to be, a part of this communication or incorporated into other filings either company makes with the SEC.
Participants in the Solicitation of Proxies
Jet.AI, flyExclusive, and certain of their respective directors and officers may be deemed participants in the solicitation of proxies from Jet.AI’s stockholders in connection with the proposed transactions. Jet.AI’s stockholders and other interested persons may obtain, without charge, more detailed information regarding the names and interests in the proposed transactions of Jet.AI’s directors and officers in the parties’ filings with the SEC, including Jet.AI’s annual reports on Form 10-K and quarterly reports on Form 10-Q. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Jet.AI’s stockholders in connection with the proposed transactions and a description of their direct and indirect interests will be included in the definitive proxy statement/prospectus relating to the proposed transactions when it becomes available. Stockholders, potential investors and other interested persons should read the definitive proxy statement/prospectus carefully before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This communication is for information purposes only and is not intended to and does not constitute, or form part of, an offer, invitation or the solicitation of an offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. The proposed transactions are expected to be implemented solely pursuant to the legally binding definitive agreement, and which contains the material terms and conditions of the proposed transactions. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.
Forward-Looking Statements
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the federal securities laws, including the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, with respect to the products and services offered by Jet.AI and the markets in which it operates, Jet.AI's projected future results, and Jet.AI’s perception of market conditions. Statements that are not historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our Company, our industry, our beliefs and our assumptions. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions or the negative of these terms or other similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties that could cause the actual results to differ materially from the expected results. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Readers are cautioned not to put undue reliance on forward-looking statements, and Jet.AI assumes no obligation and does not intend to update or revise these forward-looking statements, whether because of new information, future events, or otherwise, except as provided by law.
Jet.AI Investor Relations:
Gateway Group, Inc.
949-574-3860
Jet.AI@gateway-grp.com
FAQ
What change did Jet.AI (JTAI) and flyExclusive announce on January 14, 2026?
When does Jet.AI (JTAI) now expect the merger with flyExclusive to close?
Does the January 14, 2026 announcement from Jet.AI (JTAI) confirm the deal is still on?
What is the new outside date for the Jet.AI (JTAI) and flyExclusive merger?
Will the extension to April 30, 2026 affect Jet.AI (JTAI) shareholders immediately?
