---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-038445"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:19:03.093412+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Jet.AI amends GEM warrant to include 4.99% beneficial ownership limitation

## Summary
- GEM Yield Bahamas and Jet.AI entered warrant amendment on Oct 23, 2023, retroactive to Aug 10, 2023.
- Amendment permits GEM to cap beneficial ownership at 4.99% after exercise; GEM elected the limit.
- Warrant term amended to expire on third anniversary of public listing date.
- GEM may revoke the limit with 61-day written notice to the Company.

## SEC filing metadata
- accession: 0001493152-23-038445
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315223038445/0001493152-23-038445-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315223038445/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-038445
- JSON: https://secwatch.observer/filing/0001493152-23-038445.json
- Plain text: https://secwatch.observer/filing/0001493152-23-038445.txt

## Key facts
- Material Agreements
  Jet.AI Inc. amended GEM Warrant Amendment with GEM Yield Bahamas Limited (effective 2023-10-23).
  - Action: amendment
  - Counterparty: GEM Yield Bahamas Limited
  - Effective: 2023-10-23
  source text: On October 23, 2023, GEM Yield Bahamas Limited (“GEM”) and Jet.AI, Inc. (the “Company”) entered into a warrant amendment agreement, retroactively effective as of August 10, 2023 (the “GEM Warrant Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315223038445/0001493152-23-038445-index.htm

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