Jet.AI Inc. Files 8-K: Material Agreement & Financials

TL;DR

Jet.AI Inc. signed a big deal, filed financials. Watch this space.

AI Summary

On October 21, 2024, Jet.AI Inc. entered into a material definitive agreement. The filing also includes Regulation FD disclosures and financial statements with exhibits. Jet.AI Inc., formerly Oxbridge Acquisition Corp., is incorporated in Delaware and headquartered in Las Vegas, Nevada.

Why It Matters

This 8-K filing indicates Jet.AI Inc. has entered into a significant new agreement, which could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.

Key Players & Entities

• Jet.AI Inc. (company) — Registrant
• Oxbridge Acquisition Corp. (company) — Former company name
• October 21, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Las Vegas, NV (location) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — h registered: Common Stock, par value $0.0001 per share JTAI The Nasdaq Stock Mar
• $0.096 — $0.0001 per share at a per share price $0.096. The closing of the offering occurred o
• $1.5 m — any from the offering was approximately $1.5 million, before deducting the placement a
• $25,000 — for certain expenses in an amount up to $25,000. Pursuant to the terms of the Placeme

Filing Documents

• form8-k.htm (8-K) — 54KB
• ex5-1.htm (EX-5.1) — 13KB
• ex10-1.htm (EX-10.1) — 232KB
• ex10-2.htm (EX-10.2) — 66KB
• ex99-1.htm (EX-99.1) — 14KB
• ex5-1_001.jpg (GRAPHIC) — 3KB
• ex99-1_001.jpg (GRAPHIC) — 7KB
• 0001493152-24-041899.txt ( ) — 641KB
• jtai-20241021.xsd (EX-101.SCH) — 3KB
• jtai-20241021_lab.xml (EX-101.LAB) — 33KB
• jtai-20241021_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 4KB

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On October 18, 2024, the Company issued a press release announcing the pricing of the Securities Purchase Agreements and other related information. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 5.1 Legal Opinion of Dykema Gossett PLLC 10.1 Form of Securities Purchase Agreement 10.2 Form of Placement Agency Agreement 99.1 Press Release, dated October 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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 October 21, 2024

View Full Filing

View this 8-K filing on SEC EDGAR