Jetai INC 8-K filings

Jet.AI Inc. has announced a 1-for-225 reverse stock split of its common stock, effective November 12, 2024, to regain compliance with Nasdaq's minimum bid price requirement.

Jet.AI's subsidiary, Galilee, LLC, has entered into an agreement to purchase three Cessna Citation CJ4 aircraft from Textron Aviation Inc., with deliveries expected in 2026.

Jet.AI Inc. has entered into an agreement with Maxim Group LLC to sell up to $5.4 million of its common stock through an at-the-market offering.

Jet.AI Inc. received a second notification from Nasdaq for failing to meet the minimum bid price requirement, but has until November 26, 2024, to regain compliance.

Jet.AI Inc. has successfully raised approximately $1.5 million through a registered direct offering of common stock to institutional investors.

Jet.AI Inc. and Ionic Ventures, LLC have entered into a letter agreement modifying the terms of a previous securities purchase agreement to allow Jet.AI to proceed with a registered direct offering.

Jet.AI has successfully priced a registered direct offering, raising approximately $2.4 million through the sale of common stock to institutional investors.

Jet.AI Inc. reached an agreement with Ionic Ventures, LLC, modifying a previous securities purchase agreement to allow for a proposed offering and registered direct offering.

Jet.AI Inc. stockholders approved an amended incentive plan, increased authorized shares, and ratified the appointment of auditors at their 2024 annual meeting.

Jet.AI Inc. and Ionic Ventures, LLC reached an agreement where Ionic will refrain from legal action in exchange for the issuance of 50 shares of Series B Convertible Preferred Stock and a release of claims.

Jet.AI Inc. has entered into a settlement agreement with Sunpeak Holdings Corporation to resolve approximately $2.4 million in outstanding payables through the issuance of common stock and a settlement fee.

Jet.AI has completed its warrant exchange offer and consent solicitation, amending warrant agreements and setting a mandatory post-offer exchange date.

Jet.AI Inc. has amended its bylaws to lower the quorum requirement for stockholder meetings to one-third of the voting power.

Jet.AI successfully concluded its warrant exchange offer, issuing approximately 9.5 million shares of common stock and securing amendments to warrant agreements.

Jet.AI Inc. has amended its settlement agreement with Maxim Group, modifying the conversion terms of its Series A Convertible Preferred Stock and addressing potential dilution.

Jet.AI has commenced an exchange offer and consent solicitation to simplify its capital structure by offering common stock in exchange for outstanding warrants.

Jet.AI Inc. received a delisting notice from Nasdaq for failing to meet minimum stockholders' equity requirements and is appealing the decision while planning a transfer to the Nasdaq Capital Market.

Jet.AI Inc. received a notice from Nasdaq for non-compliance with the minimum bid price rule, triggering a potential delisting if the share price does not recover above $1 within 180 days.

Jet.AI Inc. exchanged 483,637 public warrants for an equal number of common stock shares with unaffiliated third-party investors on January 23, 2024.

Jet.AI Inc. has exchanged 194,729 public warrants for an equal number of common stock shares with an unaffiliated third-party investor.