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Jet.AI, flyExclusive extend merger deadline to Dec 31 amid government shutdown.
ByAinvest
Thursday, Oct 16, 2025 4:09 pm ET1min read
Jet.AI and flyExclusive reaffirm their commitment to their merger despite the US government shutdown temporarily halting the SEC's review of the merger proxy. The companies have mutually agreed to extend the outside closing date to December 31, 2025. Both continue to make progress toward fulfilling closing conditions and remain committed to completing the deal.
LAS VEGAS — Jet.AI (NASDAQ: JTAI) and flyExclusive (NYSE American: FLYX) have mutually agreed to extend the outside closing date for their planned merger to December 31, 2025. The decision was made following the temporary halt of the Securities and Exchange Commission’s (SEC) review of the merger proxy due to the recent U.S. government shutdown, as reported by .Despite the delay, both companies remain committed to completing the deal and have made substantial progress toward fulfilling the necessary closing conditions. Jet.AI, currently valued at $9 million in market capitalization, operates in the software and aviation segments and is transitioning into a pure-play AI data center company. flyExclusive, a publicly traded company on the NYSE American exchange, provides premium jet charter services.
The merger announcement comes as both companies work to finalize the transaction, which was previously expected to close earlier. Neither company provided specific details about the remaining conditions that need to be met before the merger can be completed.
The extension of the closing date highlights the ongoing challenges in the regulatory environment, particularly during periods of government shutdown. However, both companies have expressed their enthusiasm for the deal and their continued commitment to achieving it.
In related news, AI Infrastructure Acquisition Corp. successfully closed its upsized initial public offering, raising $138 million. Jet.AI Inc. contributed capital to the SPAC, which is targeting transaction opportunities with private technology companies focusing on artificial intelligence and data center infrastructure .
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