Highest-materiality recent filing
Jet.AI closes flyExclusive merger; signs LOI for $300M reverse takeover with $10/share value
Closed merger with flyExclusive; Jet.AI shareholders received ~$4.60/share value from 5.68M FLYX shares issued at $1.595.
Jet.AI stockholders approve merger with flyExclusive; 99% vote in favor
768,718 shares (99% of votes cast) approved the Merger Proposal at July 2 special meeting.
Jet.AI adjourns shareholder meeting to July 2; within ~29,600 votes of approving flyExclusive merger
Special Meeting reconvened June 23 had 48.4% turnout; 99% of cast votes favored transaction.
Jet.AI adjourns special meeting on flyExclusive merger; only 34.2% voted
Special meeting adjourned to June 23, 2026, 4pm ET; 486,285 of 1,421,721 shares (34.2%) represented.
Jet.AI reports $13.5M cash, $5M SpaceX stake, flyExclusive merger vote June 11
Cash of $13.5M and no debt at March 31, 2026, up from $1.8M at December 31, 2025.
Jet.AI regains Nasdaq minimum bid price compliance after 1-for-200 reverse stock split
On April 22, 2026, Nasdaq confirmed Jet.AI's common stock closing bid price was $1.00+ for 10 consecutive business days (April 8-21).
Jet.AI executes 1-for-200 reverse stock split and invests $5.25M in SPV for SpaceX/xAI exposure
1-for-200 reverse stock split effective April 8, 2026; shares reduced from ~129.4M to ~646,812.
Jet.AI authorizes $5M buyback; data center JV hits milestone 3
Board authorized repurchase of up to $5M of common stock through Dec 31, 2026.
Jet.AI reports FY2025 net income $4.6M, cash $13.7M, no debt
Net income of $4.6M for FY2025, compared to net loss of $12.7M in FY2024.
Jet.AI adopts limited-duration stockholder rights plan with 10% trigger, expires Feb 12, 2027
One Right per share of JTAI common stock; dividend payable Feb 24, 2026 to holders of record.
Jet.AI and flyExclusive amend merger agreement; Nasdaq bid price deficiency notice
Amendment removes condition requiring Jet.AI to issue $50M preferred stock warrant to third-party investor.
Jet.AI files to increase shares available under ATM offering with Maxim Group
Filed prospectus supplement on Jan 20, 2026 to increase common shares eligible for sale under ATM agreement.
Jet.AI obtains investor consent for up to $46M in offerings; Series B conversion price adjusted
Investors Hexstone Capital and Ionic Ventures consent to ATM offering up to $36M and underwritten offering up to $10M.
Jet.AI extends merger outside date to April 30, 2026; raises ATM facility to $50M
Merger outside date extended from Dec 31, 2025 to April 30, 2026; closing expected Q1 2026.
Jet.AI exhausts ATM offering; reduces Series B conversion price to Jan 7 close
ATM offering with Maxim Group LLC, announced Nov 21 2025, fully exhausted as of Jan 8 2026.
Jet.AI enters amended employment agreements with CEO and CFO; base salaries set at $425K and $300K
CEO Michael Winston and CFO George Murnane sign three-year employment agreements starting Dec 31, 2025, with automatic annual renewals.
Jet.AI withdraws S-1 registration statement for planned public offering
Registration statement filed Dec 1, 2025, withdrawn Dec 30, 2025 due to changed circumstances.
Jet.AI shareholders approve 70x increase in incentive plan shares and authorize reverse split
Shares reserved under 2023 Omnibus Incentive Plan increased from 10,933 to 775,000 plus additional shares for performance units.
Jet.AI cuts Series B preferred conversion price to lower of $1.63 or 90% VWAP
Ionic agrees to refrain from legal action under 2024 SPA in exchange for amended conversion terms.
Jet.AI enters $10M ATM equity distribution agreement with Maxim Group
Up to $10M of common stock may be sold at-the-market; 3% commission to Maxim.
Jet.AI and flyExclusive extend merger outside closing date to Dec 31, 2025
Amendment No. 2 extends outside date from Oct 31, 2025 to Dec 31, 2025; all other terms unchanged.
Jet.AI and flyExclusive extend merger outside date to October 31, 2025
Outside date extended from June 30, 2025 to October 31, 2025 for merger with flyExclusive.
Jet.AI forms JV with Consensus Core for hyperscale data centers; commits up to $20M
Initial $300K contributed for 0.5% equity in JV; up to 17.5% project equity per milestone.
Jet.AI amends flyExclusive merger: 80% consideration at close, new $50M financing condition
Amended merger: 80% of flyExclusive consideration shares issued at close; 20% held in reserve pending final purchase price.
Jet.AI spins off aviation business to be acquired by flyExclusive in all-stock deal
flyExclusive (FLYX) to acquire Jet.AI's (JTAI) jet charter business via a spin-off and merger; Jet.AI becomes pure-play AI solutions company.
Jet.AI Q3 revenue $3.9M, authorizes $2M buyback, withdraws S-1
Q3 revenue $3.9M (+$0.5M YoY); gross loss ~$14K vs prior-year gross profit $170K.
Jet.AI regains compliance with Nasdaq minimum equity requirement; equity now ~$4M
Stockholders' equity now ~$4.0M, above the $2.5M minimum; cash and cash equivalents $3.6M, no debt.
Jet.AI announces 1-for-225 reverse stock split effective Nov 12 to regain Nasdaq compliance
Reverse stock split at 1-for-225, effective before market open Nov 12, 2024; fractional shares paid in cash.
Jet.AI announces 1-for-225 reverse stock split effective Nov 12 to regain Nasdaq compliance
Reverse stock split at 1-for-225, effective before market open on Nov 12, 2024.
Jet.AI subsidiary signs agreement to purchase three Cessna Citation CJ4 aircraft
Agreement with Textron Aviation for three Cessna Citation CJ4 Gen2 aircraft.
Jet.AI enters $5.4M ATM equity distribution agreement with Maxim Group
ATM allows sale of up to $5.4M in common stock on Nasdaq Capital Market.
Jet.AI receives Nasdaq delisting notice for bid price non-compliance; extension to Nov 26, 2024
Nasdaq notified Jet.AI on Oct 18, 2024 that it failed to regain $1.00 minimum bid price by Oct 14 deadline.
Jet.AI raises $1.5M via registered direct offering of 15.6M shares at $0.096
Sold 15,625,000 common shares at $0.096 per share for gross proceeds of ~$1.5M.
Ionic agrees not to act against Jet.AI regarding Proposed RD on Form S-3 for up to $50M.
Jet.AI raises $2.4M via registered direct offering of 26.7M shares at $0.09/share
Sold 26,666,666 shares of common stock at $0.09 per share for gross proceeds of ~$2.4 million.
Ionic Ventures consents to Jet.AI's $16M best-efforts S-1 offering and a separate registered direct offering not qualifying as Variable Rate Transactions.
Jet.AI stockholders approve 200M authorized shares, reverse stock split, and amended incentive plan
Authorized common shares increased to 200 million; amendment effective July 25, 2024.
Jet.AI issues 50 Series B preferred shares to Ionic Ventures to waive potential SPA claims
Issued 50 Series B Convertible Preferred shares to Ionic Ventures in exchange for waiver of rights under March 2024 SPA.
Jet.AI settles ~$2.4M payables via equity; court OKs Section 3(a)(10) issuance
Settled ~$2.4M in past-due liabilities with Sunpeak via common stock priced at Aug 21 closing price.
Jet.AI completes warrant exchange; all warrants to be delisted after Post-Offer Exchange on Sept 9
90.6% of redeemable warrants, 100% of private placement warrants, and 67.7% of merger consideration warrants tendered.
Jet.AI amends bylaws to require one-third voting power quorum for stockholder meetings
Board approved Bylaws Amendment on August 5, 2024, effective immediately.
Jet.AI completes warrant exchange, issues ~9.5M shares; remaining warrants to be retired by Aug 15
90.6% of redeemable, 100% of private placement, 67.7% of merger consideration warrants tendered.
Jet.AI and Maxim Group entered Amendment No. 1 to Settlement Agreement on July 15, 2024.
Jet.AI launches warrant exchange; redeemable get 0.3054 shares, merger get 1.0133 shares
Exchange offer for redeemable (JTAIW), merger consideration (JTAIZ), and private placement warrants; expires July 25, 2024.
Nasdaq notified Jet.AI on May 30, 2024 that it failed to regain compliance with $10M minimum stockholders' equity for Global Market.
Received Nasdaq notice on April 15, 2024; must have bid price ≥ $1.00 for 10 consecutive days by Oct 14, 2024.
Jet.AI exchanges 483,637 Public Warrants for common stock in warrant exchange agreements
On Jan 23, 2024, Jet.AI entered Warrant Exchange Agreements with unaffiliated investors to cancel 483,637 Public Warrants.
Jet.AI exchanges 194,729 public warrants for 194,729 common shares
Exchanged 194,729 public warrants (exercise $11.50) for 194,729 shares of common stock with unaffiliated holder.
Jet.AI exchanges 807,851 public warrants for common stock in warrant exchange agreement
Exchanged 807,851 public warrants (exercise price $11.50) for 807,851 shares of common stock.
Jet.AI receives Nasdaq delisting notice for equity deficiency; equity negative $4.26M
Stockholders' equity was $(4,257,094) as of Sept 30, 2023, below Nasdaq's $10M minimum (Rule 5550(b)(1)(A)).
Effective upon the closing of the Business Combination, Michael D. Winston will be appointed to serve as Jet.AI’s Executive Chairman and will be appointed to serve as Jet.AI’s interim Chief Executive Officer (“CEO”)
and George Murnane will serve as Jet.AI’s interim Chief Financial Officer (“CFO”)
Max materiality 0.85 · Median 0.65 · Most common event other_material