Earnings summaries and quarterly performance for Jet.AI.
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Jet.AI Inc. Amends Executive Employment Agreements and Compensation
JTAI
Executive Compensation
Management Change
M&A
- Jet.AI Inc. entered into amended and restated employment agreements with Michael Winston, Executive Chairman and Interim Chief Executive Officer, and George Murnane, Interim Chief Financial Officer, effective December 31, 2025.
- Effective January 1, 2026, Mr. Winston's annual base salary will be $425,000 and Mr. Murnane's will be $300,000. These salaries are subject to automatic annual increases based on the Consumer Price Index and potential merit increases, with further automatic increases if the company's market capitalization reaches certain thresholds (e.g., $550,000 for Mr. Winston and $425,000 for Mr. Murnane if market capitalization reaches at least $250 million).
- Both executives are eligible for a discretionary annual cash bonus with a target of 100% of their salary and a special cash bonus of $1,500,000 each upon the effective date of the anticipated Change of Control from the proposed flyExclusive transaction.
- Upon a Change of Control, any then-unvested outstanding restricted common stock and options previously granted to the executives will become fully vested.
Jan 7, 2026, 10:23 PM
Jet.AI Inc. Stockholders Approve Incentive Plan Amendment and Other Proposals
JTAI
Executive Compensation
Proxy Vote Outcomes
Delisting/Listing Issues
- Jet.AI Inc. (JTAI) stockholders approved an amendment to the 2023 Jet.AI Inc. Amended and Restated Omnibus Incentive Plan on December 19, 2025.
- This amendment increases the maximum number of shares of common stock available for issuance under the plan from 10,933 shares to 775,000 shares, plus additional shares for executive management performance share unit awards.
- Stockholders also approved other key proposals at the Annual Meeting, including the Hexstone Issuance (potential issuance of shares exceeding 20% of outstanding shares) and a Reverse Stock Split.
Dec 29, 2025, 10:00 PM
Jet.AI announces joint venture for 50MW data center campus in Nevada
JTAI
New Projects/Investments
- Jet.AI Inc. announced a planned joint venture with Choo Choo Express LLC for the development of a 50-megawatt data center campus in Moapa, Clark County, Nevada.
- The planned data center campus has an estimated enterprise value of approximately $500 million.
- Jet.AI expects to commit approximately $10 million of capital over an anticipated two-year period to the project.
- The joint venture structure implies a prospective value of approximately $25 million to Jet.AI at stabilization, with potential returns of up to 11.5x over the longer term as debt is repaid.
Dec 23, 2025, 2:15 PM
Jet.AI Inc. Enters into $10 Million At-The-Market Equity Distribution Agreement
JTAI
Equity Issuance
- Jet.AI Inc. (JTAI) entered into an Equity Distribution Agreement with Maxim Group LLC on November 21, 2025, to issue and sell up to $10,000,000 of its common stock through an "at the market" offering.
- Maxim Group LLC will act as the sole sales agent, receiving a commission of 3% of the gross sales price of any shares sold.
- As of November 28, 2025, the company has sold 10,000 shares of common stock under this agreement.
- The agreement will terminate upon the earlier of the sale of $10,000,000 worth of common stock, termination by either party, or November 21, 2026.
Nov 28, 2025, 6:05 PM
Jet.AI and flyExclusive Extend Merger Closing Date
JTAI
M&A
Guidance Update
- Jet.AI Inc. and flyExclusive, Inc. have extended the outside closing date for their merger agreement from October 31, 2025, to December 31, 2025.
- This extension was mutually agreed upon due to a recent U.S. government shutdown that temporarily halted the SEC's review of merger proxies.
- Both companies reaffirm their commitment to the transaction and continue to make substantial progress toward fulfilling closing conditions.
Oct 16, 2025, 8:05 PM
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