Dykema represented Jet.AI Inc. (NASDAQ: JTAI) in connection with the successful completion of its strategic transaction with flyExclusive, Inc. (NYSE: FLYX), positioning Jet.AI to complete its transformation into a pure-play provider of high-performance GPU infrastructure and artificial intelligence cloud services.<\/p>\n
The transaction included the spin-off of Jet.AI\u2019s private aviation charter business into a separate entity, followed by the merger of the spin-off entity with a flyExclusive subsidiary. As a result, flyExclusive acquired Jet.AI\u2019s private aviation charter business as a newly held subsidiary. Jet.AI stockholders retained their shares of Jet.AI and received publicly traded shares of flyExclusive in the deal.<\/p>\n
The transaction enables Jet.AI to sharpen its strategic focus on the rapidly growing AI infrastructure market while allowing flyExclusive to expand its position as a leading provider of premium private aviation services.<\/p>\n
Dykema advised Jet.AI throughout the transaction, providing counsel on the corporate, securities, and transactional matters necessary to successfully structure and complete the spin-off and merger.<\/p>\n
The Dykema team was led by Kate Bechen and included Peter Waltz, Hallie Heath, Louis Kern, Taylor Browne, and Canaan Catlett.<\/p>\n","protected":false},"excerpt":{"rendered":"Dykema represented Jet.AI Inc. (NASDAQ: JTAI) in connection with the successful completion of its strategic transaction with flyExclusive,…\n","protected":false},"author":2,"featured_media":128490,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,10189,64345,5196,64339,10190,64343,64342,2000,64340,1058,16033,11708,64341,6243,64344],"class_list":["post-128489","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-artificial-intelligence","tag-business-law","tag-commercial-litigation","tag-corporate-law","tag-dykema","tag-employment-law","tag-financial-services-law","tag-health-care-law","tag-intellectual-property","tag-labor-and-employment","tag-law-firm","tag-litigation","tag-mergers-and-acquisitions","tag-real-estate-law","tag-regulatory-compliance","tag-tax-law"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/128489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=128489"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/128489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/128490"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=128489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=128489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=128489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}