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424B3: Prospectus

SEC ·  Jul 24 00:47
Summary by Futu AI
Jet.AI Inc. has successfully amended its Warrant Agreement with Continental Stock Transfer & Trust Company, as indicated by Amendment No. 1 made in 2024. This amendment alters the original agreement from August 11, 2021, granting Jet.AI the right to mandate the exchange of all outstanding Warrants for shares of the company's common stock. The change was authorized by a majority of the holders of both Public Warrants and Private Placement Warrants, in line with a consent solicitation tied to a Form S-4 Registration Statement. A new Section 6A has been introduced to the Warrant Agreement, outlining the compulsory exchange procedure and the company's right to initiate the exchange. This amendment comes after Jet.AI Inc.'s business reorganization, where it re-established itself as a Delaware corporation, transitioning from its former identity as Oxbridge Acquisition Corp. and merging with Jet Token Inc. Consequently, Warrant holders are now entitled to acquire Common Shares in Jet.AI Inc., replacing the Ordinary Shares previously on offer.
Jet.AI Inc. has successfully amended its Warrant Agreement with Continental Stock Transfer & Trust Company, as indicated by Amendment No. 1 made in 2024. This amendment alters the original agreement from August 11, 2021, granting Jet.AI the right to mandate the exchange of all outstanding Warrants for shares of the company's common stock. The change was authorized by a majority of the holders of both Public Warrants and Private Placement Warrants, in line with a consent solicitation tied to a Form S-4 Registration Statement. A new Section 6A has been introduced to the Warrant Agreement, outlining the compulsory exchange procedure and the company's right to initiate the exchange. This amendment comes after Jet.AI Inc.'s business reorganization, where it re-established itself as a Delaware corporation, transitioning from its former identity as Oxbridge Acquisition Corp. and merging with Jet Token Inc. Consequently, Warrant holders are now entitled to acquire Common Shares in Jet.AI Inc., replacing the Ordinary Shares previously on offer.
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This announcement is a separate document:

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