Jet.AI Shares Rise 9% With Traders Focused on flyExclusive Deal
Jet.AI shares closed up 9.2% at $9.24 on Thursday, trading between $8.20 and $9.49. Shareholders are set to vote June 11 on an all-stock deal with flyExclusive that would split the aviation business from Jet.AI’s AI infrastructure operations. The company reported a Q1 net loss of $2.68 million and cited ongoing funding risks in its latest 10-Q.