---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-034606"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2024-08-30T23:59:59+00:00"
generated_at: "2026-05-31T06:51:38.395574+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Jet.AI settles ~$2.4M payables via equity; court OKs Section 3(a)(10) issuance

## Summary
- Settled ~$2.4M in past-due liabilities with Sunpeak via common stock priced at Aug 21 closing price.
- Also issues 100,000 unrestricted fee shares under court-approved Section 3(a)(10) exemption.
- Default triggers: stock price ≤$0.15 or 30-day avg volume ≤150,000 shares/day.
- Company initially reserves 17M shares; further dilution possible if stock price declines.
- Florida Circuit Court entered fairness order on August 28, 2024; shares are freely tradable.

## SEC filing metadata
- accession: 0001493152-24-034606
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2024-08-30T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315224034606/0001493152-24-034606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315224034606/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-034606
- JSON: https://secwatch.observer/filing/0001493152-24-034606.json
- Plain text: https://secwatch.observer/filing/0001493152-24-034606.txt

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