Jet.AI Inc. Files 8-K for Material Definitive Agreement
Ticker: JTAI · Form: 8-K · Filed: Aug 30, 2024 · CIK: 1861622
| Field | Detail |
|---|---|
| Company | Jet.Ai INC. (JTAI) |
| Form Type | 8-K |
| Filed Date | Aug 30, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $15.00, $2.4 million, $0.15 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, equity-securities, corporate-action
Related Tickers: JTAI
TL;DR
Jet.AI Inc. just filed an 8-K for a material definitive agreement - could be big.
AI Summary
Jet.AI Inc. entered into a Material Definitive Agreement on August 28, 2024, related to unregistered sales of equity securities. The company, formerly known as Oxbridge Acquisition Corp., is involved in air transportation and is incorporated in Delaware.
Why It Matters
This filing indicates a significant transaction or agreement by Jet.AI Inc., which could impact its financial structure or operational direction.
Risk Assessment
Risk Level: medium — Filings related to material definitive agreements and unregistered equity sales can introduce uncertainty and potential dilution.
Key Players & Entities
- Jet.AI Inc. (company) — Registrant
- Oxbridge Acquisition Corp. (company) — Former company name
- August 28, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the Material Definitive Agreement filed by Jet.AI Inc.?
The filing indicates an 'Entry into a Material Definitive Agreement' and 'Unregistered Sales of Equity Securities' as key items, suggesting a significant transaction involving equity.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated August 28, 2024.
What was Jet.AI Inc. previously known as?
Jet.AI Inc. was formerly known as Oxbridge Acquisition Corp.
What is the primary business of Jet.AI Inc. according to the filing?
The filing lists the Standard Industrial Classification as 'AIR TRANSPORTATION, NONSCHEDULED [4522]'.
Where is Jet.AI Inc. incorporated and what is its fiscal year end?
Jet.AI Inc. is incorporated in Delaware (DE) and its fiscal year ends on December 31 (1231).
Filing Stats: 868 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2024-08-30 16:44:01
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
- $2.4 million — s of the Company totaling approximately $2.4 million (the "Claims") and will exchange such C
- $0.15 — ny's market price decreases to or below $0.15 per share or if at any time, or if at a
Filing Documents
- form8-k.htm (8-K) — 51KB
- ex10-1.htm (EX-10.1) — 106KB
- 0001493152-24-034606.txt ( ) — 404KB
- jtai-20240828.xsd (EX-101.SCH) — 4KB
- jtai-20240828_def.xml (EX-101.DEF) — 27KB
- jtai-20240828_lab.xml (EX-101.LAB) — 37KB
- jtai-20240828_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 30, 2024