other material
confidence high
sentiment neutral
materiality 0.50
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.