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Jet.AI and flyExclusive Remain Committed to Transaction Despite Government Shutdown
Globenewswireยท 2025-10-14 13:00
Core Insights - Jet.AI and flyExclusive have reaffirmed their commitment to the merger and extended the closing date to December 31, 2025 [1][2] - The U.S. government shutdown has temporarily halted the SEC's review of the merger proxies, but both companies are making substantial progress toward fulfilling closing conditions [2] Company Overview - Jet.AI, founded in 2018 and based in Las Vegas, operates in two segments: Software and Aviation, and is transitioning to a pure-play AI data center company [3] - The company aims to build a scalable, high-performance infrastructure to support the increasing computational demands of artificial intelligence [3] - Jet.AI leverages natural language processing technologies to enhance efficiency, optimize operations, and streamline the private jet booking experience [3]