Jet.AI Announces Final flyExclusive Consideration: flyExclusive to Issue 1,544,575 Additional FLYX Shares

Persons who received initial merger consideration will receive the final issuance, bringing their total consideration to 7,221,468 FLYX shares, including the 5,676,893 shares already issued

LAS VEGAS, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Jet.AI Inc. (NASDAQ: JTAI) (“Jet.AI” or the “Company”), an emerging provider of high-performance GPU infrastructure and AI cloud services, today announced the final determination of the post-closing purchase price associated with its previously announced and closed transaction with flyExclusive, Inc. (“flyExclusive”). As a result of this determination, flyExclusive will issue an aggregate of 1,544,575 shares of its Class A common stock to the same persons who received the transaction consideration. No action is required and the additional shares of flyExclusive Class A common stock are expected to be distributed on or about October 30, 2026.