secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2024-10-11T23:59:59+00:00
Accession:  0001493152-24-040909
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jet.AI raises $2.4M via registered direct offering of 26.7M shares at $0.09/share
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- Sold 26,666,666 shares of common stock at $0.09 per share for gross proceeds of ~$2.4 million.
- Offering closed October 11, 2024; Maxim Group acted as exclusive placement agent with 7% fee.
- Directors and executive officers entered 90-day lock-up on stock sales post-closing.
- Proceeds used for general corporate purposes; net after fees and expenses not specified.
- Issuance under effective Form S-3 shelf registration; prospectus supplement filed October 11.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224040909/0001493152-24-040909-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315224040909/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-040909

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