Jet.AI and Ionic Ventures agree to consent to registered direct offering; conversion measurement period changed

Jet.AI Inc.

Ionic agrees not to act against Jet.AI regarding Proposed RD on Form S-3 for up to $50M.
Jet.AI changes Conversion Measurement Period for 200 Series B preferred shares from warrant exercise to start March 28, 2024.
Jet.AI to reimburse Ionic up to $60,000 in fees related to consent and S-3 review.
Agreement modifies prior Securities Purchase Agreement dated March 28, 2024.
Proposed RD is a registered direct offering not qualifying as a Variable Rate Transaction.

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