Jet.AI Inc. Reports Material Definitive Agreement
Ticker: JTAI · Form: 8-K · Filed: Jul 17, 2024 · CIK: 1861622
| Field | Detail |
|---|---|
| Company | Jet.Ai INC. (JTAI) |
| Form Type | 8-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $11.50, $15.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-action, bylaws
Related Tickers: JTAI
TL;DR
Jet.AI filed an 8-K for a big deal affecting shareholder rights and company bylaws.
AI Summary
Jet.AI Inc. filed an 8-K on July 17, 2024, to report a material definitive agreement. The filing indicates modifications to the rights of security holders and amendments to the company's articles of incorporation or bylaws. Specific details regarding the agreement, its terms, and the impact on security holders are not fully elaborated in the provided text, but it signifies a significant corporate event.
Why It Matters
This filing signals a significant corporate event for Jet.AI Inc., potentially altering the rights of its security holders and amending its governing documents.
Risk Assessment
Risk Level: medium — The filing indicates material changes to definitive agreements and security holder rights, which could introduce uncertainty or new risks for investors.
Key Players & Entities
- Jet.AI Inc. (company) — Filer of the 8-K report
- Oxbridge Acquisition Corp. (company) — Former name of Jet.AI Inc.
- 20240717 (date) — Filing date of the 8-K
FAQ
What is the nature of the material definitive agreement entered into by Jet.AI Inc.?
The provided text states that Jet.AI Inc. entered into a material definitive agreement, but does not specify the nature or terms of this agreement.
When was this 8-K filing submitted?
The 8-K filing was submitted on July 17, 2024.
What other items are reported in this 8-K filing besides the material definitive agreement?
The filing also reports material modifications to the rights of security holders and amendments to articles of incorporation or bylaws.
What was Jet.AI Inc.'s former name?
Jet.AI Inc.'s former name was Oxbridge Acquisition Corp., with a date of name change on May 11, 2021.
Where is Jet.AI Inc. headquartered?
Jet.AI Inc. is headquartered at 10845 Griffith Peak Dr., Suite 200, Las Vegas, NV 89135.
Filing Stats: 1,491 words · 6 min read · ~5 pages · Grade level 11.5 · Accepted 2024-07-17 09:23:36
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) — 57KB
- ex3-1.htm (EX-3.1) — 3KB
- ex10-1.htm (EX-10.1) — 4KB
- ex3-1_001.jpg (GRAPHIC) — 504KB
- ex3-1_002.jpg (GRAPHIC) — 142KB
- ex10-1_001.jpg (GRAPHIC) — 466KB
- ex10-1_002.jpg (GRAPHIC) — 477KB
- ex10-1_003.jpg (GRAPHIC) — 141KB
- ex10-1_004.jpg (GRAPHIC) — 26KB
- 0001493152-24-028106.txt ( ) — 2712KB
- jtai-20240715.xsd (EX-101.SCH) — 4KB
- jtai-20240715_def.xml (EX-101.DEF) — 27KB
- jtai-20240715_lab.xml (EX-101.LAB) — 37KB
- jtai-20240715_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 8KB
SIGNATURES
SIGNATURES 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 Michael Winston Executive Chairman and Interim Chief Executive Officer Date: July 16, 2024