---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-007719"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T09:29:16.874104+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Jet.AI spins off aviation business to be acquired by flyExclusive in all-stock deal

## Summary
- flyExclusive (FLYX) to acquire Jet.AI's (JTAI) jet charter business via a spin-off and merger; Jet.AI becomes pure-play AI solutions company.
- SpinCo shareholders receive flyExclusive Class A shares; consideration formula based on SpinCo net cash (~$12M) and 30-day VWAP of FLYX.
- At $12M net cash and $3.35 VWAP, SpinCo shareholders would receive ~4.1M flyExclusive shares; existing JTAI shares retained.
- Closing conditions include SpinCo net cash ≥$12M, stockholder approval, regulatory clearances, and outside date of June 30, 2025.
- Termination fee of $650,000 payable by Jet.AI under certain conditions; officers/directors holding ~1.8% of JTAI agree to vote in favor.

## SEC filing metadata
- accession: 0001493152-25-007719
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315225007719/0001493152-25-007719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315225007719/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-007719
- JSON: https://secwatch.observer/filing/0001493152-25-007719.json
- Plain text: https://secwatch.observer/filing/0001493152-25-007719.txt

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