On January 23, 2024, Jet.AI Inc., a technology company incorporated in Delaware, announced the completion of Warrant Exchange Agreements with unaffiliated third-party investors. These agreements pertain to the exchange of warrants initially issued during the company's initial public offering on August 16, 2021. The warrants allowed for the purchase of an aggregate of 483,637 shares of Jet.AI's common stock. In accordance with the agreements, Jet.AI issued the equivalent number of common stock shares to the warrant holders in return for the surrender and cancellation of the public warrants. The transaction was conducted under the exemption from registration requirements provided by Section 3(a)(9) of the Securities Act of 1933. The form of the Warrant Exchange Agreement was filed as Exhibit 10.29 with the SEC and is referenced in the company's Current Report on Form 8-K.

On January 23, 2024, Jet.AI Inc., a technology company incorporated in Delaware, announced the completion of Warrant Exchange Agreements with unaffiliated third-party investors. These agreements pertain to the exchange of warrants initially issued during the company's initial public offering on August 16, 2021. The warrants allowed for the purchase of an aggregate of 483,637 shares of Jet.AI's common stock. In accordance with the agreements, Jet.AI issued the equivalent number of common stock shares to the warrant holders in return for the surrender and cancellation of the public warrants. The transaction was conducted under the exemption from registration requirements provided by Section 3(a)(9) of the Securities Act of 1933. The form of the Warrant Exchange Agreement was filed as Exhibit 10.29 with the SEC and is referenced in the company's Current Report on Form 8-K.