$RMCFJun 1, 2026, 8:30 AM ETAI processed
Glass Lewis recommends JTAI shareholders vote FOR merger with flyExclusive
AI Summary
Glass Lewis has recommended that Jet.AI (NASDAQ: JTAI) stockholders vote "FOR" the company's proposed merger with flyExclusive, and Jet.AI's board concurs and is urging shareholders to submit proxies ahead of the virtual special meeting on June 11, 2026. The S-4 was declared effective April 30 and definitive proxy/prospectus were filed, but the transaction still requires a majority of outstanding shares to approve and shareholders who do not vote are effectively voting against the deal.
Positives
- Leading proxy advisor Glass Lewis recommended shareholders vote FOR the merger
- Jet.AI's board publicly concurs and is actively soliciting votes ahead of June 11 meeting
- S-4 registration was declared effective and definitive proxy/prospectus have been filed
Negatives
- Deal still requires a majority of outstanding JTAI shares to approve to close
- Failure to vote counts the same as voting against the transaction
- Closing remains subject to customary conditions and other risks disclosed in SEC filings