Jet.AI obtains investor consent for up to $46M in offerings; Series B conversion price adjusted

Jet.AI Inc.

Investors Hexstone Capital and Ionic Ventures consent to ATM offering up to $36M and underwritten offering up to $10M.
In exchange, conversion price of Series B convertible preferred stock changed to the lowest trading price in prior 10 trading days.
All remaining outstanding shares of Series B convertible preferred stock were fully converted by holder concurrent with agreement.
Investors agree to refrain from taking action under the Securities Purchase Agreement in connection with the offerings.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Jet.AI Inc. entered into Letter Agreement with Hexstone Capital, LLC and Ionic Ventures, LLC (effective 2026-01-16).

Action: entry
Agreement: equity purchase
Counterparty: Hexstone Capital, LLC and Ionic Ventures, LLC
Effective: 2026-01-16

Exact text from the filing

On January 16, 2026, Jet.AI Inc. (the “Company”), Hexstone Capital, LLC (“Hexstone”), and Ionic Ventures, LLC (together with Hexstone, the “Investors” and the Investors together with the Company, the “Parties”) entered into a letter agreement (the “Letter Agreement”) setting forth certain understandings and agreements among the Company and the Investors related to that certain Securities Purchase Agreement dated March 28, 2024 (the “SPA”), and the documents and agreements entered into by the Parties in connection therewith.

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

Jet.AI Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-002870

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