---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-008849"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T14:05:55.652997+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Jet.AI amends flyExclusive merger: 80% consideration at close, new $50M financing condition

## Summary
- Amended merger: 80% of flyExclusive consideration shares issued at close; 20% held in reserve pending final purchase price.
- Financing condition replaced: Jet.AI must issue warrant for up to $50M preferred stock to new third-party investor.
- Jet.AI will distribute SpinCo shares to stockholders then SpinCo merges into flyExclusive subsidiary.
- Amended agreement supersedes original Feb 13, 2025 merger agreement in its entirety.
- Jet.AI board unanimously approved amended terms; stockholder vote still required.

## SEC filing metadata
- accession: 0001641172-25-008849
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000164117225008849/0001641172-25-008849-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000164117225008849/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-008849
- JSON: https://secwatch.observer/filing/0001641172-25-008849.json
- Plain text: https://secwatch.observer/filing/0001641172-25-008849.txt

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