---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-064421"
form_type: "8-K"
ticker: "FLYX"
cik: "0001843973"
company_name: "FLYEXCLUSIVE INC."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T13:59:29.573698+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# flyExclusive amends Jet.AI merger: 80% shares at close, adds $50M warrant condition

## Summary
- Amended merger agreement provides for 80% of Merger Consideration Shares issued at closing; 20% held as Reserve Shares subject to purchase price adjustment.
- Requirement for Jet.AI to amend Ionic Ventures agreement deleted; new condition: Jet.AI must issue warrant for up to $50M of series C convertible preferred stock to third-party investor.
- Merger consideration based on Parent Trading Price; additional shares may be issued if final purchase price exceeds estimate, capped at 20% of consideration shares.
- Transaction still subject to stockholder approvals, regulatory conditions, and other customary closing conditions.

## SEC filing metadata
- accession: 0000950170-25-064421
- form_type: 8-K
- ticker: FLYX
- cik: 0001843973
- company_name: FLYEXCLUSIVE INC.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843973/000095017025064421/0000950170-25-064421-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843973/000095017025064421/flyx-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-064421
- JSON: https://secwatch.observer/filing/0000950170-25-064421.json
- Plain text: https://secwatch.observer/filing/0000950170-25-064421.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.