Flyte Aviation completes 1-for-10 reverse split

Flyte plans fourth-quarter spending on digital tools and customer acquisition while continuing to fund its Life Sciences research trials and studies.

Rhea-AI Filing Summary

Catheter Precision, Inc., now Flyte Aviation, Inc., changed its name and effected a 1-for-10 reverse stock split effective October 5, 2026. Its common stock began trading on NYSE American as VJET, replacing VTAK, on a split-adjusted basis at the opening that day. Following the split, the company reported approximately 2,101,987 common shares issued and outstanding, subject to the cash-out of fractional shares.

Flyte says it plans fourth-quarter 2026 investments in an upgraded website, mobile application, digital marketing, AI data analytics and customer acquisition. It stated that its Life Sciences operations will not be capital constrained or downsized and that it is committed to continuing funding its ongoing research trials and studies. A cited third-party report estimates the 2026 U.S. private jet charter market at approximately $11.6 billion, with an estimated 6.9% annual growth rate, and says it could exceed $14 billion by 2029 and $16 billion by 2031. Flyte says it has not independently verified the market data.

8-K Event Classification

3 items: 7.01, 8.01, 9.01

3 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Reverse stock split: 1-for-10 Common shares issued and outstanding: Approximately 2,101,987 shares U.S. private jet charter market: Approximately $11.6 billion +3 more

6 metrics

Reverse stock split 1-for-10 Effective October 5, 2026

Common shares issued and outstanding Approximately 2,101,987 shares Following the reverse stock split; subject to the cash-out of fractional shares

U.S. private jet charter market Approximately $11.6 billion 2026 estimate from a third-party report cited by Flyte

Estimated annual growth rate (CAGR) 6.9% U.S. private jet charter market estimate from a third-party report cited by Flyte

U.S. private jet charter market estimate Could exceed $14 billion By 2029, according to a third-party report cited by Flyte

U.S. private jet charter market estimate Could exceed $16 billion By 2031, according to a third-party report cited by Flyte

Key Terms

split-adjusted basis, CAGR, Part 135

3 terms

split-adjusted basis technical

"began trading on a split-adjusted basis"

An adjustment to historical share prices and share counts that reflects past stock splits or reverse splits so that old data lines up with the current number of shares. Think of it like resizing an old photograph so it matches a new frame: it keeps price charts, returns and per‑share metrics comparable over time, which matters to investors who need accurate performance, valuation and trend analysis.

CAGR financial

"at an estimated 6.9% annual growth rate (CAGR)"

Compound Annual Growth Rate (CAGR) measures the average yearly growth of an investment, revenue, or other metric over a multi-year period as if it had grown at a steady rate each year. Think of it like the constant speed that would take you from the starting value to the ending value over the same time—useful because it smooths out ups and downs and lets investors compare different assets or performance periods on an even footing.

Part 135 regulatory

"FAA-certified Part 135 operating subsidiary"

Part 135 is the section of U.S. aviation regulations that governs on-demand and small commercial air operations, such as charter flights, air taxis and some commuter services. For investors, Part 135 status signals the level of safety oversight, operating limits, insurance requirements and costs a company faces—think of it like a business license tier that dictates what routes, aircraft and customers a carrier can serve and how much it costs to run safely and legally.

Stock Split

1-for-10 reverse split · Effective October 5, 2026

Split Ratio 1-for-10 reverse split

Effective Date October 5, 2026

Shares After Split 2,101,987

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What happened to VTAK stock after Flyte Aviation changed its name?

Catheter Precision changed its name to Flyte Aviation and effected a 1-for-10 reverse stock split effective October 5, 2026; its common stock began trading as VJET on NYSE American on a split-adjusted basis at the opening that day.

How many shares did VTAK have outstanding after the reverse split?

Flyte Aviation reported approximately 2,101,987 common shares issued and outstanding following the split, subject to the cash-out of fractional shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 04:33 PM Accepted by SEC EDGAR 10/05/2026 - 04:32 PM Learn about SEC filing dates

false 0001716621 0001716621 2026-10-05 2026-10-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 5, 2026

Flyte Aviation, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-38677		38-3661826
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1670 Highway 160 West

Suite 205

Fort Mill, SC 29708

(Address of principal executive offices, including zip code)

(973) 691-2000

(Registrant’s telephone number, including area code)

Catheter Precision, Inc.

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which  registered
Common Stock, par value $0.0001 per  share	VJET	NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure.

On October 5, 2026, Flyte Aviation, Inc. (formerly known as Catheter Precision, Inc.) (the “Company”) issued a press release titled “Flyte Aviation Launches Under NYSE American Ticker ‘VJET’.” A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 8.01           Other Events.

As previously reported, effective at 12:01 a.m., Eastern Time, on October 5, 2026, the Company changed its name from “Catheter Precision, Inc.” to “Flyte Aviation, Inc.” and effected a 1-for-10 reverse stock split of its common stock, par value $0.0001 per share (the “Common Stock”). The Common Stock began trading on the NYSE American under the new ticker symbol “VJET” on a split-adjusted basis at the opening of trading on October 5, 2026, under the new CUSIP number 74933X 807.

Following the reverse stock split, the Company has approximately 2,101,987 shares of Common Stock issued and outstanding, subject to the cash-out of fractional shares.

Item 9.01 Financial Statements and Exhibits. 

(d) Exhibits.

Exhibit No.	Description
99.1	Press release of Flyte Aviation, Inc., dated October 5, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		FLYTE AVIATION, INC.
Date:	October 5, 2026	By:	/s/ Philip Anderson
			Philip Anderson
			Chief Financial Officer

Exhibit 99.1

Flyte Aviation Launches Under NYSE American Ticker “VJET”

● Flyte Believes Its Proprietary Technology, Data, and Digital Booking Platform Can Disrupt the $11.6 Billion US Private Jet Charter Market

● Company believes its newly built AI-technology stack can fundamentally transform the traditional charter model

● Scalable Platform Connects Customers, Aircraft, Operators, and Aviation Services via VJET’s Expanding Integrated Network

● Growth Strategy: Customer Acquisition, Network and Aircraft Fleet Expansion, and Building Brand Awareness to Drive Long-Term Shareholder Value

● Flyte’s Value Proposition: Privacy, Comfort, Reliability, and Convenience – at a highly competitive price

NEW YORK City, NY -- October 5, 2026 – Flyte Aviation, Inc. (NYSE American: VJET) (the “Company” or “Flyte”) today revealed its new corporate identity as it launches a historic new chapter in what it believes is a disruptive technology company.

Effective today, the Company changed its corporate name from Catheter Precision, Inc. to Flyte Aviation, Inc. and its NYSE American ticker symbol from “VTAK” to “VJET.” The changes highlight the Company’s growth trajectory as a leading private, regional jet aviation business.

The rebranding of the Company reflects a fundamental repositioning around aviation, technology, and the Flyte brand. Its strategy is to accelerate the growth of its proprietary, scalable, AI-driven platform designed to modernize how consumers discover, access, and book private aviation.

Commenting, David Jenkins, Executive Chairman and Chief Executive Officer of Flyte Aviation, said: “Today is a historic milestone for our company and the official launch of our AI tech-driven aviation platform anticipated to reshape how consumers access private aviation – all while building long-term value for our shareholders.”

Marc Sellouk, who founded Flyte in 2018, said, “Commercial air travel often leaves passengers facing last-minute schedule disruptions and cancellations as they are herded like sheep into tiny seats at seemingly ever-increasing fares amid reduced schedules. Conversely, private aviation is increasingly travelers’ go-to solution, especially for short-hop last minute flights, that can be booked rapidly on-demand.

“We analyzed and determined that within our fragmented industry, a primary challenge of travelers is the frustrating complexity they face when seeking to book private jets at competitive prices with ready availability,” Mr. Sellouk added. “We believe Flyte has addressed those challenges with its integrated suite of proprietary, AI-enabled technologies, and our laser focus on the customer experience. In the months ahead, we will be further upgrading and advancing our network to capture market share and widen our competitive moat.”

Disrupting a Fragmented, Rapidly Growing $11.6 billion Industry

Private aviation remains a highly fragmented industry, with aircraft owners, operators, and brokers serving customers across disconnected systems, legacy processes, and traditional sales channels. Flyte Aviation believes its newly built AI-technology stack can fundamentally transform that traditional model, much of whose legacy systems were built upon upgraded but fundamentally decades-old technologies.

According to a report by Fortune Business Insights, dated September 14, 2026, the U.S. private jet charter market represents an approximately $11.6 billion market in 2026 and, at an estimated 6.9% annual growth rate (CAGR), could exceed $14 billion by 2029 and $16 billion by 2031.

The Company has built a consumer-focused digital booking platform that combines technology, data, and an expanding aviation network to make discovering, pricing, and booking private aviation simpler, faster and more transparent. Flying in and out of quiet private airports -- without the traffic jams surrounding commercial airports -- with easy parking and ride-share access, is an ideal choice for travelers who value their time and comfort.

Flyte’s longer-term strategy is to build a robust technology platform capable of further disrupting its marketplace by connecting participants across the entire private North American aviation ecosystem.

Technology + Data + Network

Flyte is building an expanding digital network in which technology and data analytics play an important role across pricing, aircraft sourcing, customer acquisition, aircraft utilization, expanding geographical footprint, and the customer experience.

Each interaction with the Flyte platform strengthens the broader network by providing additional data-driven insights into customer demand, travel patterns, pricing, aircraft availability and market activity.

Near-Term Growth Catalysts

During the fourth quarter of 2026, which began October 1, Flyte plans to invest in an upgraded website, a mobile application, digital marketing, social media, public relations, AI data analytics, and customer acquisition, which the Company believes will provide customers with a significantly improved digital experience.

Exemplifying its brand building, last week Flyte announced it has established a partnership with the Hamptons International Film Festival (“HIFF”), in which Flyte has been named the ‘Official Air Travel Partner’ of the prestigious, 34th annual HIFF taking place October 2 through October 12, 2026. Flyte will have a prominent presence throughout the festival, which brings together leading filmmakers, actors, artists, executives, and audiences from around the world for screenings, conversations, and events across the East End.

Built to Scale

Listed on the NYSE American, Flyte believes its public-company structure, prominence, liquidity, and lower cost of capital provide important strategic competitive advantages within the private aviation industry.

The Company may utilize these advantages to pursue growth through a combination of organic expansion, strategic relationships, technology development, and acquisitions as it identifies high value-added opportunities. The strategy is not growth for growth’s sake; it is to deploy capital where it can generate the highest ROI with the goal of ultimately achieving per-share profitability and free cash flow.

Life Sciences update

It’s important for the company’s LockeT and VIVO customers to note that while the company is focusing its capital utilization to grow its private jet aviation business, its Life Sciences operations will not be capital constrained nor downsized. Current and prospective customers should not be concerned that any disruption to the operations of the Life Sciences subsidiary will occur. Furthermore, the Company is committed to continue to fund its multiple ongoing research trials and studies.

About Flyte Aviation

Flyte Aviation, Inc. (NYSE American: VJET) is a technology-enabled private aviation company focused on modernizing how consumers access private air travel. Through its Flyte brand, the Company operates a growing fleet of Cirrus Vision Jets and is building a scalable aviation platform designed to connect customers, aircraft, operators, and aviation services.

Flyte’s simple value proposition: privacy, comfort, reliability, and convenience – at a highly competitive price.

Through its direct-to-consumer booking platform, standardized pricing on select routes, strategic partnerships, and FAA-certified Part 135 operating subsidiary, Ponderosa Air, LLC, Flyte is focused on delivering what it believes is a faster, safer and more convenient private aviation experience while expanding its technology, customer network, and geographic footprint. For more information, visit www.flyflyte.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements regarding the Company’s beliefs regarding its technology platform, competitive position and market opportunity, its planned fourth quarter 2026 investments, the Company’s future operations, business strategy, growth, technology platform, mobile application, customer acquisition, customer growth, network expansion, aircraft utilization, geographic expansion, strategic partnerships, acquisitions, access to capital, divestiture or monetization of medical-device assets, revenue growth, market share and long-term enterprise or shareholder value, are forward-looking statements.

Words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “seek,” “may,” “will,” “potential,” “could,” “should,” “continue,” and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially include, among others: the limited operating history of the Company’s aviation business and the Company’s history of losses; the Company’s need for additional capital and the dilution that may result from future financings and from the conversion of its outstanding convertible preferred stock; the Company’s ability to develop, deploy and monetize its technology platform, including its AI-enabled features; competition, customer demand and general economic conditions; the availability of aircraft and pilots, fuel costs and safety-related events; the regulation of the Company’s operations by the Federal Aviation Administration and other governmental authorities; the Company’s ability to maintain compliance with the continued listing standards of the NYSE American; and risks relating to the Company’s Life Sciences business.

This press release also contains market and industry data, including estimates of the size and growth of the U.S. private jet charter market, derived from third-party sources. The Company has not independently verified such data, and such estimates involve assumptions and are subject to significant uncertainty.

Readers are encouraged to review the Company’s filings with the Securities and Exchange Commission, including its Forms 10-K and 10-Q, for a discussion of risks and uncertainties that could affect the Company’s business and future results. The Company undertakes no obligation to update any forward-looking statements except as required by applicable law.

Investor Relations

(800) 763-0904

IR@flyflyte.com

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 23.1 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.5 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.7 KB