Jet.AI Inc. Form 8-K Filing

Jet.AI Inc. filed a Form 8-K on May 15, 2026, reporting on financial results for the quarter ending March 31, 2026, and other operational updates. Key highlights include a significant increase in cash reserves to $13.5 million with no debt, progress on the proposed merger with flyExclusive (shareholder vote scheduled for June 11, 2026), and the acquisition of a $5 million economic interest in SpaceX. The company also advanced its data center projects, with the Consensus Compute JV securing natural gas supply and environmental permits for its Manitoba campus. Additionally, AI Infrastructure Acquisition Corp. is actively pursuing acquisition targets. The Board approved a $5 million share repurchase authorization. Amendments were made to employment agreements for Michael Winston and George Murnane, extending non-compete and non-solicitation periods to two years and introducing a clawback provision for incentive-based compensation.