Jet.AI Inc. reported financial results for the first quarter ended March 31, 2026.
“On May 15, 2026, Jet.AI Inc. (the “Company”) issued a press release announcing its financial results for the quarter ending March 31, 2026, and other recent operational highlights. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.”
Equity Issuances
Jet.AI Inc. issued common stock.
“On March 9, 2026, the Board unanimously approved a 1-for-200 reverse stock split of the Company’s issued and outstanding common stock (the “Reverse Stock Split”).”
Governance Changes
Jet.AI Inc.: Amended Certificate of Incorporation to effect a 1-for-200 reverse stock split (effective 2026-04-08).
“The Company filed a Certificate of Amendment to its Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware on April 7, 2026 to effect the Reverse Stock Split.”
Material Agreements
Jet.AI Inc. entered into Equity Certificates Subscription Agreement with VERSO Capital 2 SCSP valued at $5,250,000 (effective 2026-04-07).
“Jet.AI Inc. (the “Company”) entered into an Equity Certificates Subscription Agreement (the “Subscription Agreement”) with VERSO Capital 2 SCSP (“Verso”) to subscribe for 8,347 equity certificates (the “Certificates”) in Verso for an aggregate subscription price equal to $5,250,000”
Earnings Releases
Jet.AI Inc. reported full year ended December 31, 2025 results: net income $4.6 million.
“The Company had approximately $13.7 million of cash and no debt as of March 5 th , 2026 (vs $1.8 million at year end 2025) and is Net Income positive for the full year 2025 ($4.6 million in 2025 vs -$12.7 million in 2024).”
Equity Issuances
Jet.AI Inc. issued one preferred share purchase right per common share of warrant to stockholders of record as of February 24, 2026 for no consideration.
“declared a dividend distribution of one preferred share purchase right on each outstanding share of the Company's common stock.”
Material Agreements
Jet.AI Inc. amended Amendment No. 4 to Amended and Restated Agreement and Plan of Merger and Reorganization with flyExclusive, Inc. valued at Eliminates closing condition requiring execution of new securities purchase agreement with a third-p (effective 2026-02-11).
“On February 11, 2026, the parties entered into an Amendment No. 4 to Amended and Restated Agreement and Plan of Merger and Reorganization (the “Amendment”). The Amendment eliminates the closing condition that would have required the Company to execute a new securities purchase agreement with a third-party investor, pursuant to which the Company would have issued the investor a warrant to purchase up to $50 million worth of shares of a newly-designated series of preferred stock.”
Listing & Compliance Notices
Jet.AI Inc. received a nasdaq noncompliance notice notice regarding minimum bid price (rules 5450(a)(1)).
“February 6, 2026, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”), as the minimum bid price of the Company’s common stock has been below $1.00 per share for 30 consecutive business days. The notification of noncompliance has no immediate effect on the listing or trading of the Company’s common stock. The Company has 180 calendar days, or until August 5, 2026 (the “Initial Compliance Period”), to regain co”
Material Agreements
Jet.AI Inc. entered into Letter Agreement with Hexstone Capital, LLC and Ionic Ventures, LLC (effective 2026-01-16).
“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.”
Material Agreements
Jet.AI Inc. amended Amendment to Equity Distribution Agreement with Maxim Group LLC valued at Increase of aggregate gross sales price from $10 million to $50 million (effective 2026-01-09).
“On January 9, 2026, the Company and Agent entered into an amendment to the ATM Agreement to increase the amount of Shares that may be sold to shares having an aggregate gross sales price of $50 million (the “ATM Amendment”).”
Material Agreements
Jet.AI Inc. amended Amendment No. 3 to Amended and Restated Agreement and Plan of Merger and Reorganization with flyExclusive, Inc. valued at Extension of Outside Date from December 31, 2025 to April 30, 2026 (effective 2026-01-13).
“On January 13, 2026, the parties entered into an Amendment No. 3 to Amended and Restated Agreement and Plan of Merger and Reorganization (the “Merger Amendment”). The Merger Amendment extends the Outside Date (as defined in the Merger Agreement) from December 31, 2025 to April 30, 2026.”
Equity Issuances
Jet.AI Inc. issued preferred stock.
“the Company has agreed, among other things, to change the conversion price of Series B convertible preferred stock as set forth in that certain Certificate of Designation for the Series B Convertible Preferred Stock of the Company (the “ Certificate ”) by filing an amendment to the Certificate (the “ Amendment ”) such that shares of Series B convertible preferred stock could convert at a lower price.”
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).
“The Company filed the Amendment with the Delaware Secretary of State on December 8, 2025.”
Material Agreements
Jet.AI Inc. entered into Equity Distribution Agreement with Maxim Group LLC valued at up to $10,000,000 (effective 2025-11-21).
“On November 21, 2025, Jet.AI Inc. (the “Company”) entered into an Equity Distribution Agreement (the “ATM Agreement”) with Maxim Group LLC (the “Agent”) pursuant to which the Agent will act as the Company’s sole sales agent with respect to the offer and sale from time to time of shares of the Company’s common stock, par value $0.0001 per share, having an aggregate gross sales price of up to $10,000,000”
M&A Transactions
Jet.AI Inc. completed an acquisition involving Consensus Core Technologies Inc. for $300,000 (closed 2025-07-02).
“pursuant to which Jet.AI contributed $300,000 to Convergence Compute in the first closing of the transactions contemplated by the JV Agreement.”
Governance Changes
Jet.AI Inc.: Filed a Certificate of Correction to the Certificate of Amendment to provide that fractional shares resulting from the reverse stock split will be paid in cash instead of being issued (effective 2024-11-12).
“The Company filed with the Secretary of State of the State of Delaware the Certificate of Correction stating that fractional shares that would otherwise result from the Reverse Stock Split will receive a cash payment in lieu of such fractional share. The effective date and time of the Certificate of Amendment will remain 12:01 a.m. on November 12, 2024.”
Governance Changes
Jet.AI Inc.: Certificate of Amendment to effect a 1-for-225 reverse stock split of common stock, approved by Board on November 4, 2024 and filed with Delaware Secretary of State on November 8, 2024 (effective 2024-11-12).
“The Reverse Split will be effective as of 12:01 a.m. on November 12, 2024 (the “ Effective Date ”)”
Listing & Compliance Notices
Jet.AI Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
“April 15, 2024, Jet.AI, Inc. (the “Company”) received notice (the “Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) that the Company is not in compliance with Nasdaq Listing Rule 5450(a)(1), as the minimum bid price of the Company’s Class A Common Stock has been below $1.00 per share for 30 consecutive business days (the “Minimum Bid Price Requirement”). The notification of noncompliance has no immediate effect on the listing or trading of the Company’s Common Stock on The Nasdaq Global Market. The Company has 180 calendar days, or until October 14, 2024, to regain compliance with the Mini”
Material Agreements
Jet.AI Inc. entered into Warrant Exchange Agreements with unaffiliated third party investors (the "Warrant Holders") valued at aggregate of 483,637 shares of Common Stock (effective 2024-01-23).
“On January 23, 2024, Jet.AI Inc., a Delaware corporation (the “Company”), entered into Warrant Exchange Agreements (the “Warrant Exchange Agreements”) with unaffiliated third party investors (the “Warrant Holders”) with respect to warrants to purchase an aggregate of 483,637 shares of its common stock, par value $0.0001 per share (the “Common Stock”) initially issued by the Company in its initial public offering on August 16, 2021 (the “Public Warrants”).”
Material Agreements
Jet.AI Inc. entered into Warrant Exchange Agreement with unaffiliated third party investor (effective 2024-01-17).
“On January 17, 2024, Jet.AI Inc., a Delaware corporation (the “Company”), entered into a Warrant Exchange Agreement (the “Warrant Exchange Agreement”) with an unaffiliated third party investor (the “Warrant Holder”) with respect to warrants to purchase an aggregate of 194,729 shares of its common stock, par value $0.0001 per share (the “Common Stock”) initially issued by the Company in its initial public offering on August 16, 2021 (the “Public Warrants”).”
Material Agreements
Jet.AI Inc. entered into Warrant Exchange Agreement with unaffiliated third party investor valued at Issuance of 807,851 shares of Common Stock in exchange for surrender and cancellation of Public Warr (effective 2023-12-28).
“On December 28, 2023, Jet.AI Inc., a Delaware corporation (the “Company”), entered into a Warrant Exchange Agreement (the “Warrant Exchange Agreement”) with an unaffiliated third party investor (the “Warrant Holder”) with respect to warrants to purchase an aggregate of 807,851 shares of its common stock, par value $0.0001 per share (the “Common Stock”) initially issued by the Company in its initial public offering on August 16, 2021 (the “Public Warrants”).”
Listing & Compliance Notices
Jet.AI Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)(A)).
“December 1, 2023, Jet.AI Inc., a Delaware corporation (the “Company”) received a notification letter (the “Letter”) from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that its amount of stockholders’ equity has fallen below the $10,000,000 required minimum for continued listing on The Nasdaq Global Market set forth in Nasdaq Listing Rule 5550(b)(1)(A). The Company’s stockholders’ equity as of September 30, 2023 was $(4,257,094), as reported in the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2023. The Lette”
Earnings Releases
Jet.AI Inc. reported third quarter ended September 30, 2023 results: revenue $3.4 million.
“intelligence (“AI”) company, announced financial results for the third quarter ended September 30, 2023. Third Quarter 2023 and Recent Operational Highlights ● Revenues of $3.4 million in 3Q23 grew over 270% compared to the same period last year when excluding the benefit in 3Q22 from Fractional/Whole Aircraft Sales. Including Fractional/Whole Aircraft Sales,”
Material Agreements
Jet.AI Inc. amended GEM Warrant Amendment with GEM Yield Bahamas Limited (effective 2023-10-23).
“On October 23, 2023, GEM Yield Bahamas Limited (“GEM”) and Jet.AI, Inc. (the “Company”) entered into a warrant amendment agreement, retroactively effective as of August 10, 2023 (the “GEM Warrant Amendment”).”
Material Agreements
Jet.AI Inc. amended Second Amendment with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, Meteora Strategic Capital, LLC valued at $300,000 (effective 2023-10-02).
“On October 2, 2023, Jet.AI Inc. (the “Company”) entered into a second amendment (the “Second Amendment”) to its OTC Equity Prepaid Forward Transaction, dated as of August 6, 2023 (as amended from time to time, the “Confirmation) and Forward Purchase Agreement Confirmation Amendment, dated as of August 31, 2023 (the “First Amendment”), by and among (i) Meteora Capital Partners, LP (“ MCP ”), (ii) Meteora Select Trading Opportunities Master, LP (“ MSTO ”), (iii) Meteora Strategic Capital, LLC (“ MSC ”) (with MCP, MSTO and MSC collectively as “ Seller ”), (iv) the Company and (v) Jet Token Inc.”
Material Agreements
Jet.AI Inc. amended Forward Purchase Agreement Confirmation Amendment with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC valued at $875,000 (effective 2023-08-31).
“On August 31, 2023, Jet.AI Inc. (the “Company”) and Meteora Capital Partners, LP (“MCP”), Meteora Select Trading Opportunities Master, LP (“MSTO”), and Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller”) and Jet Token Inc. entered into an amendment (“Forward Purchase Agreement Confirmation Amendment”) to that certain Forward Purchase Agreement for OTC Equity Prepaid Forward Transactions dated August 6, 2023 by and between the Company and Seller (the “Forward Purchase Agreement”).”
Governance Changes
Jet.AI Inc.: The Company filed Certificates of Designation for Series A and Series A-1 Convertible Preferred Stock, establishing the rights, preferences, privileges and other terms (effective 2023-08-10).
“On August 10, 2023, the Company filed a Certificate of Designation of Series A Convertible Preferred Stock with the Secretary of State of the State of Delaware, establishing the rights, preferences, privileges and other terms relating to the Series A Preferred Stock.”
Governance Changes
Jet.AI Inc.: The Company ceased being a shell company as a result of the Business Combination (effective 2023-08-10).
“As a result of the Business Combination, the Company ceased being a shell company.”
Governance Changes
Jet.AI Inc.: The board of directors approved and adopted a new Code of Business Conduct and Ethics on August 10, 2023 (effective 2023-08-10).
“In connection with the Business Combination, on August 10, 2023, the Company’s board of directors approved and adopted a new Code of Business Conduct and Ethics applicable to all employees, officers and directors of the Company.”
Material Agreements
Jet.AI Inc. entered into Lock-Up Agreement with Michael Winston and George Murnane valued at 7,666,814 shares of Common Stock subject to lock-up (effective 2023-08-10).
“In connection with the Business Combination, Michael Winston and George Murnane each entered into a lock-up agreement with Jet.AI (the “Lock-Up Agreement”).”
George Murnane was appointed as interim Chief Financial Officer at Jet.AI Inc..
“and George Murnane will serve as Jet.AI’s interim Chief Financial Officer (“CFO”)”
Michael D. Winston was appointed as Executive Chairman and interim Chief Executive Officer at Jet.AI Inc..
“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”)”
Material Agreements
Jet.AI Inc. entered into Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Strategic Capital, LLC valued at up to 1,186,952 Class A ordinary shares, par value $0.0001 per share (effective 2023-08-06).
“On August 6, 2023, Oxbridge entered into an agreement with (i) Meteora Capital Partners, LP (“MCP”), (ii) Meteora Select Trading Opportunities Master, LP (“MSTO”), and (iii) Meteora Strategic Capital, LLC (“MSC” and, collectively with MCP and MSTO, “Seller”) (the “Forward Purchase Agreement”) for OTC Equity Prepaid Forward Transactions.”
Listing & Compliance Notices
Jet.AI Inc. received a nasdaq deficiency notice notice regarding market value (rules 5550(b)(2)).
“June 14, 2023, Oxbridge Acquisition Corp. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) stating that the Company was not in compliance with Listing Rule 5550(b)(2) (the “Minimum Market Value of Listed Securities” or “MVLS”), which requires the Company to have at least $35 million market value of listed securities for continued listing on the NASDAQ Capital Market. The Notice similarly indicates that the Company, pursuant to the Listing Rules, has a compliance period of 180 calendar days in which it can”
Auditor Changes
Jet.AI Inc. reported that prior financial statements should not be relied upon.
“should be restated to report all Public Shares as temporary equity and should no longer be relied upon”
Governance Changes
Jet.AI Inc.: Amended the company's Amended and Restated Memorandum and Articles of Association to extend the deadline for consummating a business combination from November 16, 2022 to August 16, 2023 (effective 2022-11-11).
“On November 9, 2022, the Company held an extraordinary general meeting (the “ EGM ”) of shareholders. At the EGM, the Extension Amendment Proposal (as defined below) to amend the Company’s Amended and Restated Memorandum and Articles of Association (“ Charter Amendment ”) was approved. The Company filed the Charter Amendment with the Cayman Islands Registrar of Companies on November 11, 2022.”
Shareholder Votes
Jet.AI Inc. shareholders approved Extension Amendment Proposal to extend the date by which the Company must consummate a business combination from November 16, 2022 to August 16, 2023 by amending the Company's Amended and Restated Memorandum and Articles of Association at the 2022-11-09 meeting.
“The Extension Amendment Proposal was approved with the following vote from the holders of Ordinary Shares: For Against Abstentions 11,107,631 669,252 3,409”
Debt Financings
Jet.AI Inc. incurred loan of $575,000 with OAC Sponsor Ltd. at no interest maturing upon earlier of consummation of Initial Business Combination or liquidation of Company.
“On November 14, 2022, Oxbridge Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the aggregate principal amount of $575,000 to OAC Sponsor Ltd., the sponsor of the Company (the “ Sponsor ”), in connection with the extension of the termination date for the Company’s initial business combination (the “ Initial Business Combination ”) from November 16, 2022 to August 16, 2023 (the “ Termination Date ”), which extension was approved at the EGM (defined below) held on November 9, 2022. The Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Initial Business Combination, or (b) the date of the liquidation of the Company. The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. The foregoing description is qualified in its entirety by reference to the Note, a copy of which is attached as Exhibit 10.1 hereto and is inc”
Material Agreements
Jet.AI Inc. entered into Note with OAC Sponsor Ltd. valued at $575,000 (effective 2022-11-14).
“On November 14, 2022, Oxbridge Acquisition Corp. (the “ Company ”) issued a promissory note (the “ Note ”) in the aggregate principal amount of $575,000 to OAC Sponsor Ltd., the sponsor of the Company (the “ Sponsor ”), in connection with the extension of the termination date for the Company’s initial business combination (the “ Initial Business Combination ”) from November 16, 2022 to August 16, 2023 (the “ Termination Date ”), which extension was approved at the EGM (defined below) held on November 9, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.