---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-038056"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2024-09-25T23:59:59+00:00"
generated_at: "2026-05-31T01:54:36.568039+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Jet.AI issues 50 Series B preferred shares to Ionic Ventures to waive potential SPA claims

## Summary
- Issued 50 Series B Convertible Preferred shares to Ionic Ventures in exchange for waiver of rights under March 2024 SPA.
- Ionic agreed not to take action regarding Maxim settlement, warrant exchange, SHC settlement, S-3 filing, and S-1 offering.
- Company granted Ionic a release from all claims related to the waived actions.
- Series B shares issued in unregistered transaction under Section 4(a)(2) and Rule 506(b).
- Company to file Form 8-K by Sep 25, 2024 disclosing issuance and waiver terms.

## SEC filing metadata
- accession: 0001493152-24-038056
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2024-09-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315224038056/0001493152-24-038056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315224038056/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-038056
- JSON: https://secwatch.observer/filing/0001493152-24-038056.json
- Plain text: https://secwatch.observer/filing/0001493152-24-038056.txt

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