Jet.AI cuts Series B preferred conversion price to lower of $1.63 or 90% VWAP

Jet.AI Inc.

Ionic agrees to refrain from legal action under 2024 SPA in exchange for amended conversion terms.
New conversion price: lower of $1.63 or 90% of lowest daily VWAP (80% if delisted).
Amendment filed with Delaware on Dec 8, 2025; Series B preferred rights otherwise unchanged.
Company also agrees to allow an underwritten public offering up to $10 million.
Conversion measuring period excludes days with trading suspensions or share delivery failures.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.4

Jet.AI Inc.: Filed an amendment to the certificate of incorporation with the Delaware Secretary of State on December 8, 2025 (effective 2025-12-08).

Change: charter amendment
Effective: 2025-12-08

Exact text from the filing

The Company filed the Amendment with the Delaware Secretary of State on December 8, 2025.

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262 governance changes filed in the last 30 days. Browse all governance changes →

Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-026673

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