On October 10, 2024, a significant filing was made with the Securities and Exchange Commission by Iroquois Capital Management L.L.C., Richard Abbe, and Kimberly Page, collectively known as the Reporting Persons, regarding their holdings in Jet.AI Inc. The Schedule 13G filing indicates that the Reporting Persons have a combined beneficial ownership of 5,185,191 shares of Jet.AI's common stock, which represents 4.03% of the company's class of securities. This ownership level is based on the total number of shares issued and outstanding as of the filing date, including the completion of a recent offering of additional shares. Richard Abbe, with shared voting and dispositive power, is identified as the beneficial owner of all shares held by Iroquois Master Fund and...Show More

On October 10, 2024, a significant filing was made with the Securities and Exchange Commission by Iroquois Capital Management L.L.C., Richard Abbe, and Kimberly Page, collectively known as the Reporting Persons, regarding their holdings in Jet.AI Inc. The Schedule 13G filing indicates that the Reporting Persons have a combined beneficial ownership of 5,185,191 shares of Jet.AI's common stock, which represents 4.03% of the company's class of securities. This ownership level is based on the total number of shares issued and outstanding as of the filing date, including the completion of a recent offering of additional shares. Richard Abbe, with shared voting and dispositive power, is identified as the beneficial owner of all shares held by Iroquois Master Fund and Iroquois Capital Investment Group LLC, due to his roles within these entities. The filing emphasizes that this should not be seen as an admission of beneficial ownership of shares owned by another Reporting Person and disclaims beneficial ownership except to the extent of their pecuniary interest. The filing was made in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, and the Reporting Persons have entered into a Joint Filing Agreement.