---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-026673"
form_type: "8-K"
ticker: "JTAI"
cik: "0001861622"
company_name: "Jet.AI Inc."
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T14:05:05.075096+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-25-026673
- form_type: 8-K
- ticker: JTAI
- cik: 0001861622
- company_name: Jet.AI Inc.
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861622/000149315225026673/0001493152-25-026673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861622/000149315225026673/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-026673
- JSON: https://secwatch.observer/filing/0001493152-25-026673.json
- Plain text: https://secwatch.observer/filing/0001493152-25-026673.txt

## Key facts
- Governance Changes
  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
  source text: The Company filed the Amendment with the Delaware Secretary of State on December 8, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861622/000149315225026673/0001493152-25-026673-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.