---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-051309"
form_type: "8-K"
ticker: "FLYX"
cik: "0001843973"
company_name: "FLYEXCLUSIVE INC."
filed_at: "2026-02-13T23:59:59+00:00"
generated_at: "2026-05-16T02:49:28.114044+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# flyExclusive drops $50M investor condition from Jet.AI merger; allows Jet.AI to seek other deals

## Summary
- Amendment No. 4, dated Feb 11, 2026, removes the closing condition requiring Jet.AI to sell $50M of preferred stock warrants to a third-party investor.
- Jet.AI confirmed sufficient positive net working capital to satisfy minimum cash closing requirement without the securities purchase agreement.
- Amendment permits Jet.AI to negotiate and enter into alternative transactions (Subsequent Takeover Proposals), but only if conditioned on and closed after the flyExclusive merger.
- Parties revised non-solicitation provisions and removed the 'Company Financing' covenant requiring a securities purchase agreement.

## SEC filing metadata
- accession: 0001193125-26-051309
- form_type: 8-K
- ticker: FLYX
- cik: 0001843973
- company_name: FLYEXCLUSIVE INC.
- filed_at: 2026-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843973/000119312526051309/0001193125-26-051309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843973/000119312526051309/flyx-20260211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-051309
- JSON: https://secwatch.observer/filing/0001193125-26-051309.json
- Plain text: https://secwatch.observer/filing/0001193125-26-051309.txt

## Key facts
- Material Agreements
  FLYEXCLUSIVE INC. amended Amended and Restated Agreement and Plan of Merger and Reorganization with Jet.AI Inc., Jet.AI SpinCo, Inc., and FlyX Merger Sub, Inc. (effective 2026-02-11).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Jet.AI Inc., Jet.AI SpinCo, Inc., and FlyX Merger Sub, Inc.
  - Effective: 2026-02-11
  source text: On February 11, 2026, the parties to the A&R Merger Agreement, as amended, executed Amendment No. 4 to the A&R Merger Agreement, as amended (“Amendment No. 4”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843973/000119312526051309/0001193125-26-051309-index.htm

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