Jet.AI Inc. Files 8-K Report

TL;DR

Jet.AI filed a routine 8-K. Nothing major disclosed, check full filing for details.

AI Summary

On November 18, 2024, Jet.AI Inc. filed an 8-K report. The filing primarily concerns "Other Events" and "Financial Statements and Exhibits." The company, formerly known as Oxbridge Acquisition Corp. until May 11, 2021, is incorporated in Delaware and headquartered in Las Vegas, Nevada. This report does not detail specific financial transactions or significant business developments beyond its routine filing nature.

Why It Matters

This 8-K filing indicates Jet.AI Inc. is meeting its regulatory reporting obligations. Investors should review the full filing for any specific disclosures that may impact the company's valuation or operations.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report without immediate significant financial or operational disclosures, suggesting low immediate risk.

Key Players & Entities

• Jet.AI Inc. (company) — Registrant
• Oxbridge Acquisition Corp. (company) — Former company name
• November 18, 2024 (date) — Date of report
• May 11, 2021 (date) — Date of name change
• 10845 Griffith Peak Dr. Suite 200 Las Vegas , NV 89135 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — h registered: Common Stock, par value $0.0001 per share JTAI The Nasdaq Stock Mar
• $2.5 million — uity of the Company must meet or exceed $2.5 million. Since the Nasdaq Hearings Panel prov
• $40,000,000 — , and GEM has agreed to purchase, up to $40,000,000 aggregate value of shares of Common Sto
• $1.7 million — the GEM SPA for total consideration of $1.7 million. Subsequent to September 30, 2024, the
• $1,622,745 — he GEM SPA , resulting in approximately $1,622,745 in gross proceeds to the Company . This
• $822,745 — s stockholders' equity by approximately $822,745. (For additional details on these trans
• $10,000 — referred Stock, at an exercise price of $10,000 per share, and 250,000 shares of Common
• $1,500,000 — red warrants for total consideration of $1,500,000.During October 2024, the Company issued
• $2,500,000 — nvertible Preferred Stock, resulting in $2,500,000 in gross proceeds to the Company. These
• $3,825,000 — s stockholders' equity by approximately $3,825,000. (For additional details on these trans
• $2.4 million — s of the Company totaling approximately $2.4 million (the " SHC Claims ") and agreed to sati
• $240,000 — n Stock for settlement of approximately $240,000 in SHC Claims under the Sunpeak Settlem
• $1,877,426 — n Stock for settlement of approximately $1,877,426 in SHC Claims. This had the effect of i
• $1,610,759 — s stockholders' equity by approximately $1,610,759. (For additional details on these trans
• $0.09 — of Common Stock at a per share price of $0.09. The gross proceeds to the Company from

Filing Documents

• form8-k.htm (8-K) — 60KB
• ex99-1.htm (EX-99.1) — 15KB
• ex99-1_001.jpg (GRAPHIC) — 2KB
• 0001493152-24-046436.txt ( ) — 258KB
• jtai-20241118.xsd (EX-101.SCH) — 3KB
• jtai-20241118_lab.xml (EX-101.LAB) — 33KB
• jtai-20241118_pre.xml (EX-101.PRE) — 24KB
• form8-k_htm.xml (XML) — 4KB

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release regarding Nasdaq compliance, dated November 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 November 18, 2024

View Full Filing

View this 8-K filing on SEC EDGAR