On October 10, 2024, Jet.AI Inc., a private aviation and artificial intelligence company, announced the entry into Securities Purchase Agreements with institutional investors for the sale of approximately 26.6 million shares of common stock at $0.09 per share. The transaction closed on October 11, 2024, with the company raising approximately $2.4 million before fees and expenses. Additionally, Jet.AI entered into a Placement Agency Agreement with Maxim Group LLC, granting them a right of first refusal for future offerings until January 31, 2025, and agreed to a 90-day lock-up period for directors and executive officers post-closing. The offering was made under a shelf registration statement declared effective by the SEC on September 9, 2024. The company also issued a press release on October 10, 2024, detailing the pricing and other related information of the offering.

On October 10, 2024, Jet.AI Inc., a private aviation and artificial intelligence company, announced the entry into Securities Purchase Agreements with institutional investors for the sale of approximately 26.6 million shares of common stock at $0.09 per share. The transaction closed on October 11, 2024, with the company raising approximately $2.4 million before fees and expenses. Additionally, Jet.AI entered into a Placement Agency Agreement with Maxim Group LLC, granting them a right of first refusal for future offerings until January 31, 2025, and agreed to a 90-day lock-up period for directors and executive officers post-closing. The offering was made under a shelf registration statement declared effective by the SEC on September 9, 2024. The company also issued a press release on October 10, 2024, detailing the pricing and other related information of the offering.