Summary by Futu AI
Jet.AI Inc., a Delaware-based private air charter company, has filed a Form S-3 registration statement with the Securities and Exchange Commission (SEC) on August 15, 2024. The filing indicates Jet.AI's intention to offer various securities, including common stock, preferred stock, debt securities, warrants, rights, and units, either individually or in combination, up to a total dollar amount of $50,000,000. The prospectus outlines the terms and conditions related to the securities, including the rights, preferences, and limitations of each class or series. The company's common stock is listed on the Nasdaq Capital Market under the symbol 'JTAI.' The registration statement also includes details about the company's business, risk factors, and legal matters, as well as the company's plans to use the net proceeds from the sale of securities for general corporate purposes, which may include development and commercialization of products, aircraft acquisition, research and development, and other business-related expenses.