---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-036791"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2023-10-10T23:59:59+00:00"
generated_at: "2026-06-10T02:51:46.218426+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Jet.AI amends forward purchase agreement to allow $300K prepayment from Meteora in exchange for 150K shares

## Summary
- Second Amendment permits $300,000 Second Future Shortfall prepayment; 150,000 shares released as additional share consideration.
- Total Recycled Shares reduced from 446,518 to 296,518; total Share Consideration increased to 275,000 shares.
- Additional Shares held by Seller remain at 548,127 (original 247,000 plus 300,371 from First Amendment).
- Request for Second Future Shortfall executed on October 2, 2023; option expires October 4, 2023.

## SEC filing metadata
- accession: 0001493152-23-036791
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2023-10-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315223036791/0001493152-23-036791-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315223036791/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-036791
- JSON: https://secwatch.observer/filing/0001493152-23-036791.json
- Plain text: https://secwatch.observer/filing/0001493152-23-036791.txt

## Key facts
- Material Agreements
  Jet.AI Inc. amended Second Amendment with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, Meteora Strategic Capital, LLC valued at $300,000 (effective 2023-10-02).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, Meteora Strategic Capital, LLC
  - Value: $300,000
  - Effective: 2023-10-02
  source text: On October 2, 2023, Jet.AI Inc. (the “Company”) entered into a second amendment (the “Second Amendment”) to its OTC Equity Prepaid Forward Transaction, dated as of August 6, 2023 (as amended from time to time, the “Confirmation) and Forward Purchase Agreement Confirmation Amendment, dated as of August 31, 2023 (the “First Amendment”), by and among (i) Meteora Capital Partners, LP (“ MCP ”), (ii) Meteora Select Trading Opportunities Master, LP (“ MSTO ”), (iii) Meteora Strategic Capital, LLC (“ MSC ”) (with MCP, MSTO and MSC collectively as “ Seller ”), (iv) the Company and (v) Jet Token Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315223036791/0001493152-23-036791-index.htm

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