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Today's Brief

Jet.AI SpinCo, Inc.

private/flyExclusive, Inc.FLYX

flyExclusive to Merge with Jet.AI SpinCo in Stock Transaction

StockDefinitive Proxyhigh confidence

Merger Arbeconomics, downside, days

Deal value

stock

Per-share offer

Premium

Days to close

Term fee

ConsiderationStock
AnnouncedApr 24, 2026
Days outstanding84d
Expected close
Termination fee
Reverse term fee
Go-shop period
Fiduciary out
Financing condition
Debt commitment
Insider lock-up

No structured deal economics extracted yet. Re-run the scanner or fall back to the source filing below.


Timelineannounced → close
  1. Announced

    Apr 24, 2026

  2. Preliminary Proxy

  3. Definitive Proxy

  4. Record date

  5. Shareholder vote

  6. Expected close


Vote Mechanicsrecord / mailing / vote
Vote required
Vote date
Record date
Mailing date
Record → vote
Threshold
Min approvalparsed
Shares outstanding
Insider lock-up

Regulatory & ConditionsHSR / EU / CFIUS / MAC

No regulatory or closing-conditions data extracted yet. The merger agreement Exhibit 10.1 contains this in the “Conditions to Closing” and “Regulatory Approvals” articles.


Closing Conditionsapprovals · vote · financing · lockups

No closing-condition data extracted.


Interloper Riskcompeting bids, activist filers

No competing-bidder, activist, or dissident-proxy signals in the database for this target.


Advisors

Acquirer side· flyExclusive, Inc.

Legal

Wyrick Robbins Yates & Ponton LLP

  • · Donald R. Reynolds
  • · Alexander M. Donaldson
  • · Nicholas C. Massey
Donald R. Reynolds, Esq.Alexander M. Donaldson, Esq.Nicholas C. Massey, Esq.Wyrick Robbins Yates & Ponton LLP4101 Lake Boone Trail, Suite 300Raleigh, North Carolina 27607(919) 781-4000

Target side· Jet.AI SpinCo, Inc.

Legal

Dykema Gossett PLLC

  • · Kate L. Bechen
  • · Peter F. Waltz
Kate L. Bechen, Esq.Peter F. Waltz, Esq.Dykema Gossett PLLC111 East Kilbourn Avenue, Suite 1050Milwaukee, Wisconsin 53202(414) 488-7300

Counterparty Historyprior deals in DB
FirmRoleSideDeals in DB
Dykema Gossett PLLCLegalTarget3View deals →
Wyrick Robbins Yates & Ponton LLPLegalAcquirer1View deals →

Filing Timelineevery filing on this issuer
  1. Apr 24, 2026this filing

    flyExclusive to Merge with Jet.AI SpinCo in Stock Transaction


Sources

flyExclusive, Inc. and Jet.AI Inc. have entered into a merger agreement whereby flyExclusive's subsidiary FlyX Merger Sub will merge with Jet.AI SpinCo, with SpinCo surviving as a wholly owned subsidiary of flyExclusive. SpinCo shareholders will receive approximately 4,600,000 shares of flyExclusive Class A common stock on a pro rata basis, subject to adjustments based on estimated net cash and parent trading price at closing. The transaction allows each company to focus on its core business while providing flyExclusive with increased size and additional cash.

Item id: 7017ee92-cd9b-4b2c-876a-aff67ba32536 · ingested Apr 24, 2026