Jet.AI has amended its merger agreement with flyExclusive, eliminating a previously required $50 million securities purchase agreement. The company confirmed it has sufficient net working capital to meet the cash closing condition, enhancing financial flexibility. The amendment allows Jet.AI to pursue additional merger and acquisition opportunities after completing the flyExclusive transaction. The company holds approximately $9 million in cash with no debt and has invested $9 million in three data centre projects and an AI infrastructure SPAC. Jet.AI is selling its aviation business to flyExclusive, which is expected to yield approximately $13.4 million in value for shareholders. The company also owns 49.5% of AI Infrastructure Acquisition Corp, having invested $2.75 million. The transaction remains subject to customary closing conditions.

Jet.AI has contributed capital to AIIA Sponsor, which backs AI Infrastructure Acquisition Corp., a special purpose acquisition company. On August 13, 2025, AI Infrastructure Acquisition Corp. filed a Form S-1 with the SEC for a proposed IPO, aiming to raise $100 million, or $115 million if over-allotment is exercised. The company targets high-impact tech firms in AI and data center infrastructure. Maxim Group LLC is the sole book-running manager for the IPO.

Jet.AI Inc. (NASDAQ: JTAI) has made a strategic investment in AIIA Sponsor Ltd., the sponsor of AI Infrastructure Acquisition Corp., a SPAC. This move positions Jet.AI within the AI and machine learning sectors. AIIA Sponsor has filed for an IPO with a base offering size of approximately $100 million, potentially reaching $115 million. The IPO aims to fund transactions with private tech firms innovating in AI and data center infrastructure.