---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-026964"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:58:29.313363+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Oxbridge enters forward purchase agreement for 1.19M shares; trust ~$527K, redemption ~$11.06

## Summary
- Entered Forward Purchase Agreement and PIPE with Meteora for up to 1,186,952 shares; $1.25M prepayment shortfall.
- Trust account balance as of Aug 7, 2023: ~$526,866; estimated per-share redemption price ~$11.06.
- Jet.AI (target) launched DynoFlight carbon offset platform for aviation operators; launch expected September 2023.
- Meteora waived redemption rights on recycled shares, potentially reducing redemptions in the combination.

## SEC filing metadata
- accession: 0001493152-23-026964
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315223026964/0001493152-23-026964-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315223026964/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-026964
- JSON: https://secwatch.observer/filing/0001493152-23-026964.json
- Plain text: https://secwatch.observer/filing/0001493152-23-026964.txt

## Key facts
- Material Agreements
  Jet.AI Inc. entered into Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC valued at up to 1,186,952 Class A ordinary shares, par value $0.0001 per share (effective 2023-08-06).
  - Action: entry
  - Counterparty: Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC
  - Value: up to 1,186,952 Class A ordinary shares, par value $0.0001 per share
  - Effective: 2023-08-06
  source text: On August 6, 2023, Oxbridge entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller”) (the “Forward Purchase Agreement”) for OTC Equity Prepaid Forward Transactions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315223026964/0001493152-23-026964-index.htm

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