secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001493152-23-036791
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223036791/0001493152-23-036791-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223036791/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-036791

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer