BRIEF-Jet.Ai Provides Capital Structure And Strategic Update In Connection With Merger Agreement Amendment

Reuters

02/12

Feb 12 (Reuters) - Flyexclusive Inc FLYX.A:

JET.AI PROVIDES CAPITAL STRUCTURE AND STRATEGIC UPDATE IN CONNECTION WITH MERGER AGREEMENT AMENDMENT
JET.AI INC: COMPANY AND THIRD-PARTY INVESTOR AGREED NOT TO PROCEED WITH $50 MILLION FINANCING
JET.AI INC: FLYEXCLUSIVE HAS FURTHER CONSENTED TO JET.AI'S ABILITY TO PURSUE CERTAIN ADDITIONAL MERGER AND ACQUISITION OPPORTUNITIES
JET.AI INC - COMPANY HAS SUFFICIENT POSITIVE NET WORKING CAPITAL FOR CLOSING

Source text: ID:nGNX5QRKfV

Further company coverage: FLYX.A

((Reuters.Briefs@thomsonreuters.com;))

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