Jet.AI Inc. (NASDAQ: JTAI) has issued an investor guide outlining its proposed transaction with flyExclusive Inc. (NYSE American: FLYX), ahead of a reconvened Special Meeting of Stockholders scheduled for June 23, 2026, at 4:00 p.m. Eastern Time.

As of June 16, 2026, approximately 37.9% of shares outstanding and entitled to vote had been cast, with about 98.3% of those votes in favor of the transaction. The deal requires a majority of all outstanding Jet.AI common shares, as of the May 8, 2026 record date, to vote in favor before it can close.

Under the proposed structure, Jet.AI would transfer its aviation assets and related working capital into a newly formed subsidiary, Jet.AI SpinCo Inc., which would then merge into a wholly owned subsidiary of flyExclusive. Jet.AI stockholders would receive SpinCo shares at no cost, which would subsequently convert into flyExclusive Class A common stock. Existing Jet.AI shares would not be canceled or redeemed.

Following the transaction, Jet.AI said it would retain its software and intellectual property, including the CharterGPT iOS app, and refocus on AI infrastructure and data center development. The company has previously announced data center projects, including a joint venture with Consensus Core Technologies Inc. for two facilities in Canada and a proposed project in Moapa, Nevada.

Both Institutional Shareholder Services Inc. and Glass, Lewis & Co. have recommended that Jet.AI stockholders vote in favor of the transaction. Jet.AI's board of directors has also unanimously recommended a "FOR" vote.

Stockholders who do not attend the meeting must submit their votes by 11:59 p.m. Eastern Time on June 22, 2026. The information in this article is based on a press release issued by Jet.AI.