Glass Lewis backs JET.AI merger with flyExclusive

Glass Lewis & Co., an independent proxy advisory firm, has recommended that JET.AI Inc. (NASDAQ: JTAI) stockholders vote in favor of the proposed merger with flyExclusive, Inc., according to a company statement.

The recommendation supports JET.AI's board of directors, which has urged stockholders to approve the transaction at a special meeting scheduled for June 11, 2026. The company provides GPU infrastructure and AI cloud services.

"We are very pleased to receive this positive recommendation from Glass Lewis," said Mike Winston, Executive Chairman of JET.AI. "Their support underscores the momentum behind this transaction."

The merger requires approval from a majority of outstanding JET.AI common stock shares entitled to vote. Stockholders who do not vote will have the same effect as voting against the proposal, the company stated.

JET.AI stockholders as of May 8, 2026, are entitled to vote at the virtual special meeting. The company has provided multiple voting methods including online, telephone, and mail options.

The merger agreement between JET.AI and flyExclusive was originally signed on May 6, 2025, and amended subsequently. FlyExclusive filed a registration statement with the Securities and Exchange Commission, which was declared effective on April 30, 2026.

JET.AI has engaged Laurel Hill Advisory Group as its proxy solicitor to assist stockholders with voting questions and procedures.

The information is based on a company press release statement.

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