Jet.AI Issues New Warrants at $11.50 and $15.00 Exercise Prices

TL;DR

**Jet.AI just issued new warrants, watch for potential dilution.**

AI Summary

Jet.AI Inc. filed an 8-K on January 3, 2024, reporting a material definitive agreement and unregistered sales of equity securities on December 28, 2023. This filing indicates the company issued new warrants, including 'Redeemable Warrants' exercisable at $11.50 per share and 'Merger Consideration Warrants' exercisable at $15.00 per share. This matters to investors because the issuance of new warrants can dilute existing shareholder value if exercised, potentially impacting the stock price and ownership percentage.

Why It Matters

The issuance of new warrants could lead to dilution of existing shares if exercised, potentially impacting the stock's value and an investor's ownership stake.

Risk Assessment

Risk Level: medium — The issuance of new equity securities, especially warrants, introduces potential future dilution for existing shareholders, which is a moderate risk.

Analyst Insight

A smart investor would monitor the volume and timing of warrant exercises to assess potential dilution and its impact on Jet.AI's stock price, considering the $11.50 and $15.00 exercise prices as potential future share supply points.

Key Numbers

• $11.50 — Redeemable Warrant Exercise Price (The price at which holders can buy one share of common stock.)
• $15.00 — Merger Consideration Warrant Exercise Price (The price at which holders can buy one share of common stock.)

Key Players & Entities

• Jet.AI Inc. (company) — the registrant filing the 8-K
• $11.50 (dollar_amount) — exercise price for Redeemable Warrants
• $15.00 (dollar_amount) — exercise price for Merger Consideration Warrants
• December 28, 2023 (date) — date of earliest event reported
• January 3, 2024 (date) — date the 8-K was filed

Forward-Looking Statements

• The exercise of these warrants will increase the total outstanding shares of Jet.AI Inc. (Jet.AI Inc.) — high confidence, target: N/A

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock, par value $0.0001 per share JTAI The Nasdaq Stock Mar
• $11.50 — of Common Stock at an exercise price of $11.50 per share JTAIW The Nasdaq Stock Ma
• $15.00 — of Common Stock at an exercise price of $15.00 per share JTAIZ The Nasdaq Stock Ma

Filing Documents

• form8-k.htm (8-K) — 50KB
• ex10-28.htm (EX-10.28) — 66KB
• 0001493152-24-000148.txt ( ) — 353KB
• jetai-20231228.xsd (EX-101.SCH) — 4KB
• jetai-20231228_def.xml (EX-101.DEF) — 27KB
• jetai-20231228_lab.xml (EX-101.LAB) — 37KB
• jetai-20231228_pre.xml (EX-101.PRE) — 25KB
• form8-k_htm.xml (XML) — 7KB

02

Item 3.02 Unregistered Sales of Equity Securities. The disclosures set forth above under Item 1.01 are incorporated herein by reference. The issuance by the Company of the shares of Common Stock in exchange for the surrender and cancellation of the Public Warrants pursuant to the Warrant Exchange Agreement was made in reliance upon the exemption from the registration requirements under Section 3(a)(9) under the Securities Act of 1933, as amended. Item 9.01 Financial (d) Exhibits. Exhibit Number Description 10.28 Form of Warrant Exchange Agreement dated as of December 28, 2023. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JET.AI INC. By: /s/ Michael Winston Name: Michael Winston Title: Executive Chairman and Interim Chief Executive Officer Date: January 2, 2024

View Full Filing

View this 8-K filing on SEC EDGAR