Dykema Advises Jet.AI in Transformative Strategic Transaction with flyExclusive

Dykema represented Jet.AI Inc. (NASDAQ: JTAI) in connection with the successful completion of its strategic transaction with flyExclusive, Inc. (NYSE: FLYX), positioning Jet.AI to complete its transformation into a pure-play provider of high-performance GPU infrastructure and artificial intelligence cloud services.

The transaction included the spin-off of Jet.AI’s private aviation charter business into a separate entity, followed by the merger of the spin-off entity with a flyExclusive subsidiary. As a result, flyExclusive acquired Jet.AI’s private aviation charter business as a newly held subsidiary. Jet.AI stockholders retained their shares of Jet.AI and received publicly traded shares of flyExclusive in the deal.

The transaction enables Jet.AI to sharpen its strategic focus on the rapidly growing AI infrastructure market while allowing flyExclusive to expand its position as a leading provider of premium private aviation services.

Dykema advised Jet.AI throughout the transaction, providing counsel on the corporate, securities, and transactional matters necessary to successfully structure and complete the spin-off and merger.

The Dykema team was led by Kate Bechen and included Peter Waltz, Hallie Heath, Louis Kern, Taylor Browne, and Canaan Catlett.