Jet.AI Inc. ("Jet.AI" or the "Company") (Nasdaq: JTAI), an emerging provider of high-performance GPU infrastructure and AI cloud services, announced that the Registration Statement Form S-4 (File No. 333-284960) filed by flyExclusive, Inc. (NYSE:FLYX) ("flyExclusive") related to the proposed merger transaction has been declared effective by the Securities and Exchange Commission (the "SEC"), formally advancing the transaction into its stockholder approval and closing phases.

The Company currently expects a special meeting of its stockholders to be held on June 11, 2026 and stockholders of record as of the record date, May 8, 2026, will be entitled to vote on the proposed transactions at the meeting. The Company intends to file its definitive proxy statement for the special meeting with the SEC on Monday, May 4, 2026 and expects to begin mailing the definitive proxy materials on or about May 11, 2026. The definitive proxy materials will contain important information regarding the special meeting and the proposed transactions, including voting procedures and risk factors.