secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001493152-23-038445
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223038445/0001493152-23-038445-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315223038445/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-038445

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