Jet.AI completes warrant exchange; all warrants to be delisted after Post-Offer Exchange on Sept 9

Jet.AI Inc.

90.6% of redeemable warrants, 100% of private placement warrants, and 67.7% of merger consideration warrants tendered.
Post-Offer Exchange: redeemable warrant exchanges for 0.24741 shares; merger consideration warrant for 0.9120 shares.
Issuing ~2.4M shares on Sept 9, 2024; total shares outstanding ~27M, up ~93% from pre-offer.
All warrants will be cancelled and de-listed from Nasdaq; common stock continues on Nasdaq under JTAI.
Prior Offer issued ~9.5M shares; total shares outstanding on July 30 were ~24.6M.

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