Jet.AI Inc. Files 8-K on Material Agreements and Security Holder Rights
Ticker: JTAI · Form: 8-K · Filed: Aug 23, 2024 · CIK: 1861622
Sentiment: neutral
Topics: material-agreement, security-holder-rights, corporate-action
Related Tickers: JTAI
TL;DR
Jet.AI Inc. filed an 8-K detailing material agreements and changes to security holder rights.
AI Summary
On August 21, 2024, Jet.AI Inc. entered into a Material Definitive Agreement, the specifics of which are detailed in the filing. The company also reported on material modifications to the rights of its security holders and other events. The filing includes financial statements and exhibits related to these occurrences.
Why It Matters
This 8-K filing indicates significant corporate actions by Jet.AI Inc., potentially impacting its financial structure, operations, and shareholder value.
Risk Assessment
Risk Level: medium — Material definitive agreements and modifications to security holder rights can introduce significant changes and potential risks to a company's operations and stock value.
Key Players & Entities
- Jet.AI Inc. (company) — Filer of the 8-K report
- Oxbridge Acquisition Corp. (company) — Former name of Jet.AI Inc.
- August 21, 2024 (date) — Date of the earliest event reported
FAQ
What is the nature of the Material Definitive Agreement entered into by Jet.AI Inc. on August 21, 2024?
The filing indicates Jet.AI Inc. entered into a Material Definitive Agreement on August 21, 2024, but the specific details of this agreement are not provided in the excerpt, only that it is a subject of the 8-K filing.
What were the material modifications to the rights of security holders?
The 8-K filing states that there were material modifications to the rights of security holders, but the specific nature of these modifications is not detailed in the provided text.
What is the significance of the 'Other Events' item in the filing?
The 'Other Events' item suggests that Jet.AI Inc. is reporting on additional significant events that occurred on or around August 21, 2024, beyond the material agreement and security holder rights modifications.
What is the SIC code for Jet.AI Inc. and what does it represent?
The SIC code for Jet.AI Inc. is [4522], which corresponds to 'AIR TRANSPORTATION, NONSCHEDULED'.
When did Jet.AI Inc. change its name from Oxbridge Acquisition Corp.?
Jet.AI Inc. changed its name from Oxbridge Acquisition Corp. on May 11, 2021.
Filing Stats: 1,752 words · 7 min read · ~6 pages · Grade level 11.9 · Accepted 2024-08-23 08:05:55
Key Financial Figures
- $0.0001 — h 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) — 66KB
- ex10-1.htm (EX-10.1) — 27KB
- ex10-2.htm (EX-10.2) — 26KB
- ex99-1.htm (EX-99.1) — 18KB
- 0001493152-24-033641.txt ( ) — 383KB
- jtai-20240821.xsd (EX-101.SCH) — 4KB
- jtai-20240821_def.xml (EX-101.DEF) — 27KB
- jtai-20240821_lab.xml (EX-101.LAB) — 37KB
- jtai-20240821_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/ George Murnane George Murnane Interim Chief Financial Officer August 23, 2024