Jet.AI Inc., a company that operates a booking platform for private jet travel, has successfully completed a Business Combination with Oxbridge Acquisition Corp. and is now listed on Nasdaq under the tickers 'JTAIZ.US' and 'JTAI'. The company has launched innovative products including the CharterGPT booking app and the Jet.AI Operator Platform. Despite these advancements, Jet.AI has received a notification from Nasdaq concerning non-compliance with stockholders' equity and minimum bid price requirements, risking potential delisting. To address its financing needs, Jet.AI has secured approximately $1.5 million through a private placement with Ionic Ventures, LLC, and has a Share Purchase Agreement with GEM for up to $40 million, alongside a GEM Warrant for common stock purchase. The company...Show More

Jet.AI Inc., a company that operates a booking platform for private jet travel, has successfully completed a Business Combination with Oxbridge Acquisition Corp. and is now listed on Nasdaq under the tickers 'JTAIZ.US' and 'JTAI'. The company has launched innovative products including the CharterGPT booking app and the Jet.AI Operator Platform. Despite these advancements, Jet.AI has received a notification from Nasdaq concerning non-compliance with stockholders' equity and minimum bid price requirements, risking potential delisting. To address its financing needs, Jet.AI has secured approximately $1.5 million through a private placement with Ionic Ventures, LLC, and has a Share Purchase Agreement with GEM for up to $40 million, alongside a GEM Warrant for common stock purchase. The company is planning to expand its fleet and enhance its software platforms, utilizing artificial intelligence in its operations. The leadership team of Jet.AI boasts experienced professionals from the aviation and finance sectors. Regulatory compliance with agencies such as the DOT, FAA, and TSA is a significant aspect of Jet.AI's operations. Additionally, the company has engaged in various agreements to manage financial obligations, including a Forward Purchase Agreement with Meteora Capital and a Settlement Agreement with Sunpeak Holdings Corporation. Financing arrangements have also led to the issuance of shares and warrants, some with specific terms like redemption rights and conversion limitations.