Summary by Futu AI
On October 21, 2024, an amendment was filed with the United States Securities and Exchange Commission (SEC) by Masaya Otsuka, indicating a change in ownership status regarding JET.AI INC. The Schedule 13G/A document, specifically Amendment No. 1, reveals that Otsuka, a Japanese citizen, now reports owning zero shares of JET.AI INC.'s common stock, which carries a par value of $0.0001 and is identified by CUSIP Number 47714H100. This filing, made under Rule 13d-1(c) of the Securities Exchange Act of 1934, signifies that Otsuka no longer holds a beneficial ownership of more than five percent of the class of securities. The address of JET.AI INC.'s principal executive offices is listed as 10845 Griffith Peak Dr., Suite 200, Las Vegas, NV 89135. The filing includes a certification by Otsuka that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing control of the issuer.