Jet.AI Inc. Files S-1/A Amendment

TL;DR

Jet.AI Inc. (fka Oxbridge) filed an S-1/A. Watch for updates on their securities.

AI Summary

Jet.AI Inc. (formerly Oxbridge Acquisition Corp.) filed an S-1/A amendment on September 3, 2024. The company, incorporated in Delaware and based in Las Vegas, NV, operates in the air transportation sector. This filing relates to their securities, with specific dates like November 8, 2028, and November 8, 2033, mentioned in relation to their financial instruments.

Why It Matters

This S-1/A filing provides updated information for investors regarding Jet.AI Inc.'s securities, potentially impacting their stock valuation and investment decisions.

Risk Assessment

Risk Level: medium — S-1/A filings often indicate a company is preparing for significant corporate actions like stock offerings or debt issuance, which carry inherent risks.

Key Numbers

• 333-279385 — SEC File Number (Identifies the specific SEC filing for Jet.AI Inc.)
• 0001861622 — Central Index Key (Unique identifier for Jet.AI Inc. in SEC filings)

Key Players & Entities

• Jet.AI Inc. (company) — Filer of the S-1/A amendment
• Oxbridge Acquisition Corp. (company) — Former name of Jet.AI Inc.
• 20240903 (date) — Filing date of the S-1/A
• 2028-11-08 (date) — Mentioned date related to financial instruments
• 2033-11-08 (date) — Mentioned date related to financial instruments

FAQ

Key Financial Figures

• $0.0001 — 0 shares of our common stock, par value $0.0001 per share ("Common Stock"), by the sell
• $0.15 — price of our Common Stock on Nasdaq was $0.15 per share. We may amend or supplement
• $10,000 — Preferred Stock at an exercise price of $10,000 per share, and (c) 250,000 shares of Co
• $1.5 m — eceived gross proceeds of approximately $1.5 million, not including customary placemen
• $15.0 million — itional gross proceeds of approximately $15.0 million. The Company cannot predict when or if
• $100 — ying to the Selling Stockholder in cash $100 per share of Series B Preferred Stock t
• $100,000 — pay to the Selling Stockholder a fee of $100,000 (the "Effectiveness Fee"). The Company
• $10 — ockholders' equity has fallen below the $10

Filing Documents

• forms-1a.htm (S-1/A) — 2875KB
• ex5-1.htm (EX-5.1) — 21KB
• ex23-1.htm (EX-23.1) — 4KB
• forms-1_001.jpg (GRAPHIC) — 7KB
• audit_003.jpg (GRAPHIC) — 18KB
• audit_002.jpg (GRAPHIC) — 10KB
• audit_001.jpg (GRAPHIC) — 7KB
• ex5-1_001.jpg (GRAPHIC) — 3KB
• 0001493152-24-034663.txt ( ) — 9244KB
• jtai-20240630.xsd (EX-101.SCH) — 43KB
• jtai-20240630_cal.xml (EX-101.CAL) — 64KB
• jtai-20240630_def.xml (EX-101.DEF) — 231KB
• jtai-20240630_lab.xml (EX-101.LAB) — 393KB
• jtai-20240630_pre.xml (EX-101.PRE) — 310KB
• forms-1a_htm.xml (XML) — 1403KB

RISK FACTORS

RISK FACTORS 10 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 26

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28

BUSINESS

BUSINESS 57 DIRECTORS AND EXECUTIVE OFFICERS 68

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 74 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 86

USE OF PROCEEDS

USE OF PROCEEDS 92 DETERMINATION OF OFFERING PRICE 93 DIVIDEND POLICY 93 MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS 93

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 94 SELLING STOCKHOLDER 95 PLAN OF DISTRIBUTION 96

DESCRIPTION OF CAPITAL STOCK

DESCRIPTION OF CAPITAL STOCK 97 LEGAL MATTERS 101 EXPERTS 101 WHERE YOU CAN FIND MORE INFORMATION 101 INDEX TO FINANCIAL STATEMENTS F-1 2 ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the Securities and Exchange Commission (the "SEC") pursuant to which the Selling Stockholder may, from time to time, offer and sell or otherwise dispose of the shares of our Common Stock covered by this prospectus. We will not receive any proceeds from the sale by the Selling Stockholder of the Shares offered by them described in this prospectus. We may also file a prospectus supplement or post-effective amendment to the registration statement of which this prospectus forms a part. The prospectus supplement or post-effective amendment may add, update or change information contained in this prospectus. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement or post-effective amendment, you should rely on the prospectus supplement or post-effective amendment, as applicable. The registration in this prospectus. You should read this prospectus, any post-effective amendment, and any applicable prospectus supplement and the related exhibits filed with the SEC before making your investment decision. The registration statement and the exhibits can be obtained from the SEC, as indicated under the section entitled "Where You Can Find More Information." You should rely only on the information contained in this prospectus. Neither we nor the Selling Stockholder have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus, any post-effective amendment, or any applicable prospectus supplement prepared by or on behalf of us or to which we have referred y

View Full Filing

View this S-1/A filing on SEC EDGAR