On December 28, 2023, Jet.AI Inc., a technology company incorporated in Delaware, reported the completion of a Warrant Exchange Agreement with an unaffiliated third-party investor. The agreement involved the exchange of 807,851 Public Warrants, originally issued during the company's initial public offering on August 16, 2021, for an equivalent number of common stock shares. The transaction resulted in the issuance of new common stock shares to the warrant holder and the cancellation of the Public Warrants. This exchange was conducted in accordance with the exemption from registration requirements under Section 3(a)(9) of the Securities Act of 1933. The form of the Warrant Exchange Agreement was included as Exhibit 10.28 in the company's Current Report on Form 8-K filed with the SEC.

On December 28, 2023, Jet.AI Inc., a technology company incorporated in Delaware, reported the completion of a Warrant Exchange Agreement with an unaffiliated third-party investor. The agreement involved the exchange of 807,851 Public Warrants, originally issued during the company's initial public offering on August 16, 2021, for an equivalent number of common stock shares. The transaction resulted in the issuance of new common stock shares to the warrant holder and the cancellation of the Public Warrants. This exchange was conducted in accordance with the exemption from registration requirements under Section 3(a)(9) of the Securities Act of 1933. The form of the Warrant Exchange Agreement was included as Exhibit 10.28 in the company's Current Report on Form 8-K filed with the SEC.