---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-000148"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:51:05.506102+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Jet.AI exchanges 807,851 public warrants for common stock in warrant exchange agreement

## Summary
- Exchanged 807,851 public warrants (exercise price $11.50) for 807,851 shares of common stock.
- Transaction closed December 28, 2023 with an unaffiliated third-party investor.
- Shares issued without restrictive legends under Section 3(a)(9) of the Securities Act.
- The exchange was authorized by the board and does not require shareholder approval.
- Reduces outstanding public warrants, potentially lowering future dilution from warrant exercises.

## SEC filing metadata
- accession: 0001493152-24-000148
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315224000148/0001493152-24-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315224000148/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-000148
- JSON: https://secwatch.observer/filing/0001493152-24-000148.json
- Plain text: https://secwatch.observer/filing/0001493152-24-000148.txt

## Key facts
- Material Agreements
  Jet.AI Inc. entered into Warrant Exchange Agreement with unaffiliated third party investor valued at Issuance of 807,851 shares of Common Stock in exchange for surrender and cancellation of Public Warr (effective 2023-12-28).
  - Action: entry
  - Counterparty: unaffiliated third party investor
  - Value: Issuance of 807,851 shares of Common Stock in exchange for surrender and cancellation of Public Warr
  - Effective: 2023-12-28
  source text: On December 28, 2023, Jet.AI Inc., a Delaware corporation (the “Company”), entered into a Warrant Exchange Agreement (the “Warrant Exchange Agreement”) with an unaffiliated third party investor (the “Warrant Holder”) with respect to warrants to purchase an aggregate of 807,851 shares of its common stock, par value $0.0001 per share (the “Common Stock”) initially issued by the Company in its initial public offering on August 16, 2021 (the “Public Warrants”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315224000148/0001493152-24-000148-index.htm

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