---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-025360"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2024-06-27T23:59:59+00:00"
generated_at: "2026-06-01T01:10:16.718994+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Jet.AI launches warrant exchange; redeemable get 0.3054 shares, merger get 1.0133 shares

## Summary
- Exchange offer for redeemable (JTAIW), merger consideration (JTAIZ), and private placement warrants; expires July 25, 2024.
- Redeemable and private placement warrant holders offered 0.3054 common shares per warrant; merger holders offered 1.0133 shares per warrant.
- Concurrent consent solicitation to allow forced exchange of untendered warrants at 10% lower ratio (0.2749 for redeemable/private, 0.9120 for merger).
- As of June 26: 12.76M shares outstanding, 9.86M redeemable, 7.43M merger, 5.76M private placement warrants.
- Purpose: simplify capital structure and reduce dilution; no recommendation from company or board.

## SEC filing metadata
- accession: 0001493152-24-025360
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2024-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315224025360/0001493152-24-025360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315224025360/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-025360
- JSON: https://secwatch.observer/filing/0001493152-24-025360.json
- Plain text: https://secwatch.observer/filing/0001493152-24-025360.txt

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