---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-005210"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:06:22.293219+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Oxbridge Acquisition restates financials; reclassifies public shares as temporary equity

## Summary
- Non-reliance on financial statements from Aug 2021 IPO balance sheet through Q3 2022 10-Q.
- Reclassification of all Public Shares to temporary equity per ASC 480-10-S99-3A reevaluation.
- Restatement does not affect total assets, liabilities, net income, cash flows, or trust account.
- Audit committee concluded after discussion with management; amendment to 2021 10-K and Q3 2022 10-Q to follow.

## SEC filing metadata
- accession: 0001493152-23-005210
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315223005210/0001493152-23-005210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315223005210/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-005210
- JSON: https://secwatch.observer/filing/0001493152-23-005210.json
- Plain text: https://secwatch.observer/filing/0001493152-23-005210.txt

## Key facts
- Auditor Changes
  Jet.AI Inc. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: should be restated to report all Public Shares as temporary equity and should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315223005210/0001493152-23-005210-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.