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Jet.AI shares drop after delaying shareholder vote on key FlyExclusive deal.

Market News
12 Jun 2026
Tanya Rawat
View Source
Bearish
pluang ai news

Jet.AI postponed its special shareholder meeting from June 11 to June 23, 2026, to allow more time for voting on a transaction with FlyExclusive. Only about 34.2% of shares were represented at the initial meeting, and although 99% of votes cast supported the deal, approval requires a majority of all outstanding shares. This delay caused uncertainty, leading to a 6.44% drop in Jet.AI shares during after-hours trading. The company's stock has fallen nearly 99% over the past year, reflecting ongoing challenges.

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