SCHEDULE: Ionic Ventures Updates Jet.AI Ownership to 9.9%
Amendment to Beneficial Ownership Report
Ionic Ventures, LLC and related parties update their beneficial ownership in Jet.AI Inc. to 9.9% as of June 20, 2025.
Summary
- This is Amendment No. 2 to Schedule 13G, updating beneficial ownership information for Jet.AI Inc.
- As of June 20, 2025, Ionic Ventures, LLC, Ionic Management, LLC, Brendan O'Neil, and Keith Coulston collectively beneficially own 316,630 shares, representing 9.9% of Jet.AI Inc.'s common stock.
- Ownership includes 263,411 shares of common stock and up to 53,219 shares issuable upon conversion of 989 shares of Series B Convertible Preferred Stock.
- Conversion of preferred stock is subject to a 9.99% beneficial ownership limitation (Blocker).
Sentiment
Score: 5
Explanation: Neutral. The filing is a routine update of ownership information.
Positives
- The filing indicates continued investment and confidence in Jet.AI Inc. by Ionic Ventures and related parties.
- The ownership stake remains significant at 9.9%.
Negatives
- The conversion of preferred stock is limited by a 9.99% beneficial ownership blocker, potentially restricting Ionic Ventures' ability to increase its stake.
Risks
- The Blocker provision in the Certificate of Designations limits the conversion of preferred stock, potentially hindering Ionic Ventures from increasing its ownership beyond 9.99%.
Future Outlook
The filing does not contain explicit forward-looking statements regarding Jet.AI Inc.'s future performance or Ionic Ventures' investment strategy beyond the updated ownership information.
Industry Context
Schedule 13G filings are standard for investors holding more than 5% of a company's stock, indicating significant interest and potential influence. The filing reflects ongoing adjustments in ownership structure, which is common in publicly traded companies.
Stakeholder Impact
- Shareholders: Updated ownership information provides transparency regarding major stakeholders.
- Potential Investors: The filing offers insights into the investment decisions of Ionic Ventures.
Key Dates
| Date | Description |
|---|---|
| 2025-02-21 | Date of original Schedule 13G filing. |
| 2025-05-15 | Date of Amendment No. 1 to Schedule 13G. |
| 2025-06-20 | Date for outstanding shares verification (3,116,256 shares). |
| 2025-06-30 | Date of event requiring filing of this statement. |
| 2025-08-13 | Date of signature for this Amendment No. 2. |
Recommendation
holdThe filing is a routine update of ownership information and does not provide a basis for changing a hold recommendation.
Keywords
Jet.AI Inc., Ionic Ventures, beneficial ownership, Schedule 13G, common stock, preferred stock, Blocker, conversion, Ionic Management, Brendan O'Neil, Keith Coulston
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.