Jet.AI enters $10M ATM equity distribution agreement with Maxim Group

Jet.AI Inc.

Up to $10M of common stock may be sold at-the-market; 3% commission to Maxim.
As of Nov 21, 2025, 10,000 shares have already been sold under the agreement.
Sales limited by Form S-3 I.B.6: one-third of non-affiliate market cap if below $75M.
Agreement terminates upon $10M sales, earlier termination, or Nov 21, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Jet.AI Inc. entered into Equity Distribution Agreement with Maxim Group LLC valued at up to $10,000,000 (effective 2025-11-21).

Action: entry
Agreement: atm program
Counterparty: Maxim Group LLC
Value: up to $10,000,000
Effective: 2025-11-21

Exact text from the filing

On November 21, 2025, Jet.AI Inc. (the “Company”) entered into an Equity Distribution Agreement (the “ATM Agreement”) with Maxim Group LLC (the “Agent”) pursuant to which the Agent will act as the Company’s sole sales agent with respect to the offer and sale from time to time of shares of the Company’s common stock, par value $0.0001 per share, having an aggregate gross sales price of up to $10,000,000

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38 material agreements filed in the last 30 days. Browse all material agreements →

Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-025345

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