secwatch.observer — SEC 8-K summary
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Issuer:     Jet.AI Inc. (JTAI)
CIK:        0001861622
Form:       8-K
Filed at:   2026-05-21T21:00:40+00:00
Accession:  0001493152-26-024854
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jet.AI reports $13.5M cash, $5M SpaceX stake, flyExclusive merger vote June 11
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- Cash of $13.5M and no debt at March 31, 2026, up from $1.8M at December 31, 2025.
- flyExclusive merger on track for shareholder vote on June 11, 2026.
- Acquired $5M economic interest in SpaceX; holds $17.23M in AIIA (SPAC) shares.
- Data center JV secured natural gas supply for 500MW campus and environmental permits.
- Extended non-compete for CEO and CFO to 2 years; added clawback provision for breaches.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861622/000149315226024854/0001493152-26-024854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861622/000149315226024854/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024854

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer