Jet.AI Inc. Files S-1/A Amendment
Ticker: JTAI · Form: S-1/A · Filed: Oct 9, 2024 · CIK: 1861622
Sentiment: neutral
Topics: sec-filing, s-1/a, company-update
TL;DR
Jet.AI Inc. (formerly Oxbridge Acquisition Corp.) filed an S-1/A. Check financials.
AI Summary
Jet.AI Inc. filed an S-1/A amendment on October 9, 2024, detailing its business operations and financial status. The company, formerly Oxbridge Acquisition Corp., is incorporated in Delaware and operates in the air transportation sector. Its principal executive offices are located in Las Vegas, Nevada.
Why It Matters
This filing provides updated information for investors and the public regarding Jet.AI Inc.'s corporate structure, business, and financial condition as it navigates its path as a publicly traded entity.
Risk Assessment
Risk Level: medium — S-1/A filings are typically made by companies preparing for an IPO or making significant changes, indicating a period of transition and potential volatility.
Key Numbers
- 20241009 — Filing Date (Date the S-1/A amendment was filed.)
- 333-281911 — SEC File Number (Unique identifier for the SEC filing.)
Key Players & Entities
- Jet.AI Inc. (company) — Filer
- Oxbridge Acquisition Corp. (company) — Former company name
- 702-747-4000 (dollar_amount) — Business phone number
- 10845 GRIFFITH PEAK DR., SUITE 200 (location) — Business address
- LAS VEGAS, NV (location) — Business address city and state
FAQ
What is the primary business of Jet.AI Inc.?
Jet.AI Inc. operates in the 'AIR TRANSPORTATION, NONSCHEDULED' sector, as indicated by its SIC code [4522].
When did Jet.AI Inc. change its name from Oxbridge Acquisition Corp.?
The date of the name change from Oxbridge Acquisition Corp. to Jet.AI Inc. was May 11, 2021 (20210511).
Where is Jet.AI Inc. headquartered?
Jet.AI Inc.'s business and mail address is located at 10845 Griffith Peak Dr., Suite 200, Las Vegas, NV 89135.
What is the fiscal year end for Jet.AI Inc.?
The fiscal year end for Jet.AI Inc. is December 31 (1231).
What is the SEC Act associated with this filing?
This filing is made under the Securities Act of 1933 (1933 Act).
Filing Stats: 4,778 words · 19 min read · ~16 pages · Grade level 15.5 · Accepted 2024-10-09 09:01:31
Key Financial Figures
- $0.0001 — ne share of our Common Stock, par value $0.0001 per share (the " Common Stock "), two S
- $0 — s will have a nominal exercise price of $0.00001, as further described in " Descri
- $0.085 — Stock on Nasdaq on October 4, 2024, was $0.085 per share. There is currently no establ
- $10,000 — nic Warrant "), at an exercise price of $10,000 per share, and (c) 250,000 shares of th
- $1.5 m — eceived gross proceeds of approximately $1.5 million, not including customary placemen
Filing Documents
- forms-1a.htm (S-1/A) — 3046KB
- ex5-1.htm (EX-5.1) — 23KB
- ex23-1.htm (EX-23.1) — 4KB
- forms-1_001.jpg (GRAPHIC) — 5KB
- audit_003.jpg (GRAPHIC) — 18KB
- audit_002.jpg (GRAPHIC) — 10KB
- audit_001.jpg (GRAPHIC) — 7KB
- 0001493152-24-040534.txt ( ) — 9437KB
- 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
USE OF PROCEEDS
USE OF PROCEEDS 30 DIVIDEND POLICY 31
DILUTION
DILUTION 31 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS 32 INDUSTRY AND MARKET DATA 34
DESCRIPTION OF SECURITIES WE ARE OFFERING
DESCRIPTION OF SECURITIES WE ARE OFFERING 34
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 40
BUSINESS
BUSINESS 71 DIRECTORS AND EXECUTIVE OFFICERS 83
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 89 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 102 MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS 108
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 108 PLAN OF DISTRIBUTION 109
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 114 LEGAL MATTERS 119 EXPERTS 119 WHERE YOU CAN FIND MORE INFORMATION 119 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F-1 3 ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 (the " Registration Statement ") that we filed with the Securities and Exchange Commission (the " SEC "). It omits some of the information contained in the Registration in this Offering. You should review the information and exhibits in the Registration Statement for further information about us and the securities being offered hereby. Statements in this prospectus concerning any document we filed as an exhibit to the Registration Statement or that we otherwise filed with the SEC are not intended to be comprehensive and are qualified by reference to the filings. You should review the complete document to evaluate these statements. We own or have rights to trademarks or trade names that we use in connection with the operation of our business, including our corporate names, logos and website names. In addition, we own or have the rights to copyrights, trade secrets and other proprietary rights that protect the content of our products. This prospectus may also contain trademarks, service marks and trade names of other companies, which are the property of their respective owners. Our use or display of third parties' trademarks, service marks, trade names or products in this prospectus is not intended to, and should not be read to, imply a relationship with or endorsement or sponsorship of us. Solely for convenience, some of the copyrights, trade names and trademarks referred to in this prospectus are listed without their , and symbols, but we will assert, to the fullest extent under applicable law, our rights to our copyrights, trade names and trademarks. All other trademarks are