flyExclusive(FLYX)
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Annual Letter to Shareholders: Data Center Developments
Globenewswire· 2026-02-02 13:30
Core Insights - Jet.AI Inc. is focused on high-performance GPU infrastructure and AI cloud services, with significant operational developments and strategic priorities for 2026 [1][40] - The company has approximately $9 million in cash and no debt, providing a stable platform for future projects [2] - Jet.AI is in the final stages of selling its aviation business to flyExclusive, which will result in shareholders owning two distinct securities: JTAI and FLYX [4][5] Financial Position - The company has a cash balance of approximately $9 million and no debt, allowing for operational flexibility [2] - The sale of the aviation business is expected to provide significant value, with an estimated $13.4 million return for shareholders based on the recent share price of flyExclusive [8] Strategic Projects - Jet.AI is investing in three data center projects in Manitoba and the Canadian Maritimes, with a potential total value of $300 million if all projects reach the powered-land stage [12][23] - The Manitoba project has a development potential of multi-hundred megawatts, with an implied value of $100 to $200 million for Jet.AI's 17.5% GP stake [30][27] - The Maritimes project is expected to support approximately 500 megawatts of capacity, with an implied value of approximately $88 million for Jet.AI's GP equity stake [35] Investment in AIIA - Jet.AI owns 49.5% of the sponsor entity of AI Infrastructure Acquisition Corp. (AIIA), representing its largest asset on a mark-to-market basis [9] - AIIA currently holds approximately $138 million in trust and has about fifteen months to complete a transaction [10] Future Financing and Growth - The company plans to pursue external financing through various tools, including a $50 million facility and a $250 million shelf registration [21] - The rapid expansion of the data center industry is reflected in public-market pricing, with significant valuations for hyperscale data center operators [22] Closing Remarks - The company emphasizes the importance of aligning with the growing demand for computing infrastructure and technological advancements in AI [39]
Off The Hook Yachts Launches Nationwide Dealer Incentive Program Through Strategic Partnership with flyExclusive
Globenewswire· 2026-01-15 13:30
Core Insights - Off The Hook YS Inc. has launched a nationwide dealer incentive program in partnership with flyExclusive to enhance dealer engagement and transaction volume, solidifying its position as the largest buyer and seller of pre-owned boats in the U.S. [1][3] Group 1: Company Overview - Off The Hook YS Inc. is recognized as America's largest buyer and seller of pre-owned boats, with a focus on transforming the market for approximately 1 million used boats sold annually in the U.S., valued at an estimated $10 billion [3][5] - The company utilizes proprietary AI-powered systems and a national acquisition model, achieving over $100 million in boat purchases annually with a 5X inventory turn [5] Group 2: Incentive Program Details - The new incentive program allows eligible dealer partners to earn private aviation flight hours with flyExclusive, creating a performance-based reward structure that aligns with Off The Hook's operational scale and efficiency [2][3] - This initiative aims to deepen dealer relationships and enhance the national acquisition and brokerage network of Off The Hook Yachts [1][3] Group 3: Strategic Partnership - The collaboration with flyExclusive is expected to introduce private aviation benefits that support the business operations of dealers and customers, thereby connecting the marine and aviation sectors on a national scale [3][4] - The partnership is seen as a strategic move to strengthen Off The Hook's national network and create powerful incentives for high-performing dealers [3]
Jet.AI and flyExclusive Remain Committed to Transaction – Closing Expected in the First Quarter of 2026
Globenewswire· 2026-01-14 14:15
Core Viewpoint - Jet.AI Inc. has announced an extension of the merger agreement with flyExclusive to April 30, 2026, with the closing expected in the first quarter of 2026 [1] Group 1: Company Overview - Jet.AI Inc. is a technology-driven company focused on deploying artificial intelligence tools and infrastructure to enhance decision-making, efficiency, and performance across complex systems [2] - The company is listed on the NASDAQ Capital Market under the ticker symbol "JTAI" [2] Group 2: Merger Details - The merger agreement between Jet.AI and flyExclusive was originally dated May 6, 2025, and has been amended [3] - flyExclusive has filed a Registration Statement on Form S-4 to register shares of its common stock that will be issued in connection with the proposed transactions [3] Group 3: Statements from Executives - Jet.AI's Founder and Executive Chairman, Mike Winston, expressed excitement and commitment to the merger deal [2] - flyExclusive's Founder and CEO, Jim Segrave, also stated their enthusiastic commitment to the deal [2]
flyExclusive Acquires Two Additional Challenger 350 Aircraft Advancing Fleet Modernization and High-Contribution Growth in 2026
Businesswire· 2026-01-14 13:45
Core Insights - flyExclusive has announced the addition of two Challenger 350 aircraft to its fleet, continuing its expansion strategy for high-contribution super-midsize capacity as part of its 2026 fleet modernization plan [1][4] - The company aims to enhance its Challenger fleet, which now totals eight aircraft, as part of a multi-year strategy focused on capital deployment into aircraft categories that yield strong utilization and contribution across various service offerings [2][5] Fleet Expansion and Strategy - The Challenger fleet is the most economically productive segment of flyExclusive's operations, driven by strong customer demand and favorable operating characteristics [2] - The company plans to equip the Challenger platform with Starlink technology, enhancing connectivity and customer experience [3] - Management emphasizes a disciplined capacity strategy aimed at long-term value creation rather than opportunistic growth, with expectations for additional Challenger aircraft to join the fleet throughout 2026 [4] Operational Efficiency - flyExclusive's fleet modernization initiative focuses on modern aircraft types with attractive lifecycle economics, supported by in-house maintenance, refurbishment, and avionics upgrades [4] - The company aims to align aircraft additions with demand trends to improve utilization and strengthen unit economics across its service offerings [5] - The targeted acquisition of Challengers is expected to be a significant driver of revenue quality and operating leverage for the company [5] Company Overview - flyExclusive is a vertically integrated, FAA-certificated private aviation company providing charter, Jet Club membership, and fractional ownership services globally [6] - The company operates one of the largest private jet fleets in the U.S., maintaining full operational control over maintenance and upgrades through its facilities in Kinston, North Carolina [6]
flyExclusive Announces Pricing of $15 Million Public Offering of Common Stock
Businesswire· 2026-01-09 13:08
Core Viewpoint - flyExclusive, Inc. has announced the pricing of its public offering of 2,255,639 shares at a price of $6.65 per share, indicating a strategic move to raise capital in the private aviation sector [1] Group 1: Company Details - The company is identified as one of the leading private aviation operators in the United States [1] - The public offering is underwritten, with Lucid Capital Markets serving as the sole book-running manager [1] Group 2: Financial Information - The offering price is set at $6.65 per share, which is before deducting underwriting discounts, commissions, and offering expenses [1] - A total of 2,255,639 shares will be offered in this public offering [1]
股价大涨超130%!flyExclusive与Starlink签署授权经销协议
美股IPO· 2026-01-09 00:22
Core Viewpoint - flyExclusive has signed a distribution agreement with Starlink, becoming an authorized dealer and installation service provider for its aviation high-speed, low-latency internet system, leading to a significant stock price increase of over 81% to $5.7 [1][3] Group 1 - The agreement allows flyExclusive to be the first to deploy Starlink's aviation internet solutions within its own fleet [3] - The Starlink system is expected to provide near-streaming-level internet experience, real-time communication, and stable VPN performance in-flight, enhancing passenger experience and setting new industry standards [3] - As an authorized dealer and installer for Starlink, flyExclusive will also offer sales, installation, and after-sales support services to third-party aircraft owners and operators, expanding its MRO (Maintenance, Repair, and Overhaul) capabilities [3] - This partnership enables private jet customers to receive a one-stop service from a "single trusted partner," covering everything from solution configuration to professional installation, testing, and ongoing support [3]
Market Movements: Top Gainers Across Industries
Financial Modeling Prep· 2026-01-09 00:00
Core Insights - flyExclusive, Inc. has seen a stock price increase to $6.94, representing a 121.02% rise, driven by its expansion in private jet operations and strategic positioning for long-term growth [1][5] - China SXT Pharmaceuticals, Inc. has climbed to $4.87, a 143.75% increase, with its focus on traditional Chinese medicine and the Strategic AI Insights Initiative as key growth drivers [2][5] - Pineapple Financial Inc. has experienced a stock price rise to $2.73, a 91.26% increase, attributed to its innovative MyPineapple technology platform and the appointment of Anthony Georgiades to its Board of Directors [3][5] Company Developments - flyExclusive is enhancing its operations in Raleigh, North Carolina, to attract top talent and improve collaboration [1] - China SXT Pharmaceuticals is integrating advanced technology into its operations through AI-supported clinic deployment [2] - Pineapple Financial's strategic positioning is strengthened by the expertise of its new board member in digital assets and institutional investment [3] Market Trends - The movements of these companies indicate strong investor interest in innovation within their sectors, highlighting opportunities for growth in diverse market segments [4]
flyExclusive Announces Proposed Public Offering of Common Stock
Businesswire· 2026-01-08 21:40
Core Viewpoint - flyExclusive, Inc. is initiating an underwritten public offering of its common stock, subject to market conditions, with no assurance on the timing or terms of the offering [1] Company Overview - flyExclusive is a vertically integrated, FAA-certificated air carrier that provides private-jet experiences through on-demand charter, Jet Club membership, and fractional ownership programs [5] - The company operates one of the largest Citation fleets in the United States and offers comprehensive maintenance, repair, and overhaul (MRO), paint, interiors, and avionics services at its Kinston, North Carolina campus [5] Offering Details - Lucid Capital Markets is the sole book-running manager for the offering, which is made under a shelf registration statement filed with the SEC [2] - A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3]
Dow Jumps Over 250 Points; US Initial Jobless Claims Increase
Benzinga· 2026-01-08 17:33
Market Performance - U.S. stocks showed mixed performance, with the Dow Jones index increasing by 0.54% to 49,261.60, while the NASDAQ fell by 0.62% to 23,437.73 and the S&P 500 dropped by 0.05% to 6,917.76 [1] - Industrial shares rose by 1.4% on Thursday, indicating strength in that sector [1] Sector Performance - Information technology stocks decreased by 1.4% on Thursday [2] Commodities - Oil prices increased by 1.8% to $56.98, while gold prices slightly decreased by 0.1% to $4,456.70. Silver fell by 3.6% to $74.820, and copper dropped by 1.7% to $5.7600 [6] European Market - European shares were mixed, with the eurozone's STOXX 600 declining by 0.27%, while Spain's IBEX 35 Index rose by 0.27%. London's FTSE 100 fell by 0.06%, Germany's DAX decreased by 0.08%, and France's CAC 40 increased by 0.06% [7] Asian Market - Asian markets closed lower, with Japan's Nikkei 225 down by 1.63%, Hong Kong's Hang Seng Index declining by 1.17%, China's Shanghai Composite slipping by 0.07%, and India's BSE Sensex falling by 0.92% [10] Company News - Flyexclusive Inc shares surged by 126% to $7.10 after being named an authorized Starlink Aviation dealer [9] - Enliven Therapeutics Inc shares increased by 54% to $23.81 following positive initial data from a clinical trial for chronic myeloid leukemia [9] - MoonLake Immunotherapeutics shares rose by 29% to $14.54 after receiving FDA feedback on its treatment for hidradenitis suppurativa [9] - Immuneering Corp shares dropped by 39% to $5.10 after announcing updated trial data for pancreatic cancer [9] - Acrivon Therapeutics Inc shares fell by 31% to $2.05 after releasing clinical data for endometrial cancer [9] - CorMedix Inc shares decreased by 23% to $8.00 following preliminary revenue results for Q4 and FY25 [9] Economic Indicators - U.S. initial jobless claims rose by 8,000 to 208,000, slightly below market expectations of 210,000 [3][12] - Nonfarm business sector labor productivity increased by 4.9% in Q3, following a revised 4.1% gain in the previous quarter [12] - Unit labor costs in the nonfarm business sector fell by 1.9% in Q3, contrasting with market expectations of a 1.0% increase [12] - The U.S. trade deficit narrowed to $29.4 billion in October, the smallest since June 2009, compared to a revised $48.1 billion in September [12]
美股异动 | 与Starlink签署授权经销协议 flyExclusive(FLYX.US)盘...
Xin Lang Cai Jing· 2026-01-08 14:41
Core Viewpoint - flyExclusive has signed an authorized dealership agreement with Starlink, becoming a certified dealer and installation service provider for its aviation high-speed, low-latency internet system [1] Group 1: Partnership and Deployment - flyExclusive will be the first to deploy Starlink's aviation internet solution within its own fleet, aiming to provide near-streaming-level internet experience, real-time communication, and stable VPN performance at high altitudes [1] - The partnership is expected to significantly enhance the in-flight experience for passengers and set new industry standards [1] Group 2: Expansion of Services - As an authorized dealer and installer for Starlink, flyExclusive will also offer sales, installation, and after-sales support services to third-party aircraft owners and operators [1] - This initiative will further expand the company's growing Maintenance, Repair, and Overhaul (MRO) capabilities, allowing private jet customers to receive a comprehensive service from a single trusted partner [1]