{"id":937249,"date":"2026-02-17T10:50:01","date_gmt":"2026-02-17T15:50:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/"},"modified":"2026-02-17T10:50:01","modified_gmt":"2026-02-17T15:50:01","slug":"vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/","title":{"rendered":"VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc."},"content":{"rendered":"<div class=\"mw_release\">\n<p>\n        <i>Immediate Exposure to Revenue-Generating, Asset-Backed Regional Air Mobility Business Positioned Ahead of Anticipated Future Industry-wide eVTOL Commercialization<\/i>\n      <\/p>\n<p>\n        <i>Strategic Investment Expands Capital Allocation into High-Growth Infrastructure with Scalable Fleet Expansion and Long-Term Equity Upside<\/i>\n      <\/p>\n<p>Fort Mill, S.C., Feb.  17, 2026  (GLOBE NEWSWIRE) &#8212;  Catheter Precision, Inc. (NYSE American: VTAK) today announced a strategic minority investment in Fly Flyte, Inc. (\u201cFlyte\u201d), an FAA-certified regional aviation operator utilizing AI-enabled operations and a growing fleet of Cirrus Vision Jets.<\/p>\n<p>Flyte conducts its flight operations through its wholly owned subsidiary, Ponderosa Air, LLC (FAA Air Carrier Certificate No. 1POA402M), operating under FAA 14 CFR Part 135, deploying Vision Jets across high-frequency short-haul regional routes where commercial airline capacity remains constrained. The company is generating revenue today with its fleet of Vision Jets, equipped with a proprietary whole-aircraft parachute system and Safe Return\u2122 autonomous landing technology &#8211; advanced safety features that position the aircraft among the safest in the world.<\/p>\n<p>The transaction provides VTAK immediate exposure to an operating aviation business supported by tangible assets, scalable fleet expansion capability and technology-driven operating optimization.<\/p>\n<p>\n        <b>Transaction Overview<\/b>\n      <\/p>\n<p>\u2022 VTAK acquires 19.98% equity ownership in Flyte, aligning long-term strategic upside<br \/>\u2022 Immediate exposure to one of the fastest-growing segments of private aviation<br \/>\u2022 Asset-backed, scalable fleet expansion model<br \/>\u2022 Preserves Flyte\u2019s operating continuity and strategic control<br \/>\u2022 Creates optionality for increased ownership or future monetization<\/p>\n<p>\u201cThe aviation sector is seeing accelerating investment in AI-enabled technologies designed to enhance mobility and drive operating efficiencies,\u201d said David Jenkins, CEO and Chairman of VTAK. \u201cFlyte combines certified operations, scalable fleet economics and technology-enabled optimization in a model built for disciplined growth and long-term value creation.\u201d<\/p>\n<p>\n        <b>Why Flyte<\/b>\n      <\/p>\n<p>\u2022 Revenue-generating business operating today &#8211; not pre-revenue<br \/>\u2022 FAA Part 135 certified operator currently servicing multiple regions<br \/>\u2022 AI-enabled optimization across routing, pricing, dispatch and utilization<br \/>\u2022 Capital-efficient, asset-backed growth model<br \/>\u2022 Fleet of Vision Jets recognized for advanced integrated safety systems<\/p>\n<p>Flyte expects disciplined expansion across select regional markets, targeting scalable revenue growth while maintaining capital efficiency.<\/p>\n<p>\n        <b>Strategic Positioning Ahead of Future eVTOL Deployment<\/b>\n      <\/p>\n<p>\u2022 Operates in the same short-haul regional markets targeted by eVTOL developers<br \/>\u2022 Generates operating data, route density and customer insights today<br \/>\u2022 Utilizes certified aircraft, trained crews and established regulatory infrastructure<br \/>\u2022 Provides current revenue exposure while preserving long-term strategic optionality<\/p>\n<p>Significant capital has flowed into advanced air mobility and electric vertical takeoff and landing (eVTOL) companies, several of which trade at multi-billion-dollar public market valuations. While these companies represent long-term aviation innovation, certification and commercial deployment timelines could take years before commercially available.<\/p>\n<p>Flyte operates today in the same corridors targeted for future electric aircraft integration. By leveraging certified aircraft and established infrastructure, Flyte generates active revenue, customer engagement and route density in markets attracting substantial long-term capital investment.<\/p>\n<p>This positioning enables participation in the evolution of regional air mobility without reliance on future certification milestones, pairing current revenue generation with long-term structural upside.<\/p>\n<p>\n        <b>Strategic Impact for VTAK<\/b>\n      <\/p>\n<p>\u2022 Diversifies capital allocation into high-growth transportation infrastructure<br \/>\u2022 Adds exposure to AI-enabled aviation operations supported by tangible assets<br \/>\u2022 Creates potential embedded equity upside as Flyte scales<br \/>\u2022 Maintains disciplined minority position with strategic flexibility to increase ownership<\/p>\n<p>\u201cThis investment provides VTAK shareholders exposure to an infrastructure-backed, revenue-generating aviation business positioned within one of the fastest-evolving segments of mobility,\u201d Jenkins added. \u201cFlyte\u2019s certified operations and scalable fleet model allow us to participate in structural industry evolution while maintaining disciplined capital allocation.\u201d<\/p>\n<p>The investment reflects VTAK\u2019s broader strategy of selectively deploying capital into operating businesses with scalable infrastructure, defensible technology and clear paths to long-term value creation.<\/p>\n<p>\n        <b>Flyte Perspective<\/b>\n      <\/p>\n<p>\u201cFlyte is operating today with certified aircraft, established routes and scalable infrastructure,\u201d said Marc Sellouk, CEO and Founder of Flyte. \u201cOur model is rooted in disciplined execution, capital efficiency and measured growth, positioning us for the long-term evolution of regional air mobility.\u201d<\/p>\n<p>\u201cDemand for premium short-haul connectivity is accelerating, and Flyte is purpose-built for this moment \u2014 combining real operations, real infrastructure and a scalable fleet strategy focused on execution and long-term value creation,\u201d Sellouk added.<\/p>\n<p>\n        <b>Additional Information<\/b>\n      <\/p>\n<p>This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Please refer to the Company\u2019s Current Report on Form 8-K filed February 6, 2026 for additional details regarding the transaction, which is subject to customary closing conditions, including shareholder approval.<\/p>\n<p>\n        <b>About Flyte<\/b>\n      <\/p>\n<p>Flyte is a pioneering private aviation company transforming regional air travel through accessibility, convenience, and technology-driven innovation. Leveraging a seamless booking platform and an on-demand operating model, Flyte delivers a more efficient and scalable alternative to traditional private jet charter.<br \/>For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OdclSRKZ-DHTCjQ0fBacz3qPffv2z136npq9WiuuDvvFiZ3dN081riNa1HcxuZM8WvjdMayT2f6wMJri3VX6k3thRCc6tBMZT6Locj_4HNk=\" rel=\"nofollow\" target=\"_blank\"><b>https:\/\/Flyte.travel<\/b><\/a>.<\/p>\n<p>\n        <b>About Catheter Precision<\/b>\n      <\/p>\n<p>Catheter Precision is an innovative U.S.-based medical device company developing advanced solutions to improve the treatment of cardiac arrhythmias. The company focuses on bringing new technologies to market through collaboration with physicians and continuous product innovation.<\/p>\n<p>\n        <b>Cautionary Note Regarding Forward-Looking Statements<\/b>\n      <\/p>\n<p>This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to risks and uncertainties described in the Company\u2019s filings with the SEC, available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oR7iJGfyjiL8fxx75UM55RufWRZo9OYXHldl_VEtwKKCIYljv5CyRBgSRh5_eNx-LLvZWvIpAWbwihx3Zeg1_g==\" rel=\"nofollow\" target=\"_blank\"><b>www.sec.gov<\/b><\/a>. The Company undertakes no obligation to update forward-looking statements except as required by law.<\/p>\n<p>CONTACTS:<\/p>\n<p>Investor Relations<br \/>973-691-2000<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=seH6XRV31sWbzzouV42mD8K9FtSxTS7yZHpQ9b_UX_Ebh709X8PO8SVXnfvf1NPAGqMLnwFacspEJwLBecx0E4snFq1VaeSHMS_wHAChZhbsqcDuE9fzbLDgu4BHzZkt\" rel=\"nofollow\" target=\"_blank\">IR@catheterprecision.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1NTYyNyM3NDI4ODU4IzIyOTc1OTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ODExNDNhNmUtNjM3Zi00NjE5LWE1NTgtMTRhZTlmMWM1OTZlLTEzMDkxNDEtMjAyNi0wMi0xNy1lbg==\/tiny\/Catheter-Precision-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Immediate Exposure to Revenue-Generating, Asset-Backed Regional Air Mobility Business Positioned Ahead of Anticipated Future Industry-wide eVTOL Commercialization Strategic Investment Expands Capital Allocation into High-Growth Infrastructure with Scalable Fleet Expansion and Long-Term Equity Upside Fort Mill, S.C., Feb. 17, 2026 (GLOBE NEWSWIRE) &#8212; Catheter Precision, Inc. (NYSE American: VTAK) today announced a strategic minority investment in Fly Flyte, Inc. (\u201cFlyte\u201d), an FAA-certified regional aviation operator utilizing AI-enabled operations and a growing fleet of Cirrus Vision Jets. Flyte conducts its flight operations through its wholly owned subsidiary, Ponderosa Air, LLC (FAA Air Carrier Certificate No. 1POA402M), operating under FAA 14 CFR Part 135, deploying Vision Jets across high-frequency short-haul regional routes where commercial airline capacity remains constrained. The company is generating revenue &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-937249","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Immediate Exposure to Revenue-Generating, Asset-Backed Regional Air Mobility Business Positioned Ahead of Anticipated Future Industry-wide eVTOL Commercialization Strategic Investment Expands Capital Allocation into High-Growth Infrastructure with Scalable Fleet Expansion and Long-Term Equity Upside Fort Mill, S.C., Feb. 17, 2026 (GLOBE NEWSWIRE) &#8212; Catheter Precision, Inc. (NYSE American: VTAK) today announced a strategic minority investment in Fly Flyte, Inc. (\u201cFlyte\u201d), an FAA-certified regional aviation operator utilizing AI-enabled operations and a growing fleet of Cirrus Vision Jets. Flyte conducts its flight operations through its wholly owned subsidiary, Ponderosa Air, LLC (FAA Air Carrier Certificate No. 1POA402M), operating under FAA 14 CFR Part 135, deploying Vision Jets across high-frequency short-haul regional routes where commercial airline capacity remains constrained. 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(NYSE American: VTAK) today announced a strategic minority investment in Fly Flyte, Inc. (\u201cFlyte\u201d), an FAA-certified regional aviation operator utilizing AI-enabled operations and a growing fleet of Cirrus Vision Jets. Flyte conducts its flight operations through its wholly owned subsidiary, Ponderosa Air, LLC (FAA Air Carrier Certificate No. 1POA402M), operating under FAA 14 CFR Part 135, deploying Vision Jets across high-frequency short-haul regional routes where commercial airline capacity remains constrained. The company is generating revenue &hellip; Continue reading \"VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-17T15:50:01+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1NTYyNyM3NDI4ODU4IzIyOTc1OTE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc.","datePublished":"2026-02-17T15:50:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/"},"wordCount":876,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1NTYyNyM3NDI4ODU4IzIyOTc1OTE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/vtak-acquires-19-98-strategic-stake-in-ai-enabled-aviation-company-fly-flyte-inc\/","name":"VTAK Acquires 19.98% Strategic Stake in AI-Enabled Aviation Company Fly Flyte, Inc. - 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