On January 23, 2024, Jet.AI Inc., a Delaware-based corporation, announced the completion of Warrant Exchange Agreements with unaffiliated third-party investors. These agreements pertain to the exchange of warrants initially issued during the company's initial public offering on August 16, 2021. The warrants allowed for the purchase of an aggregate of 483,637 shares of Jet.AI Inc.'s common stock. In accordance with the agreements, the company issued the same number of common stock shares to the warrant holders in return for the surrender and cancellation of the public warrants. The transaction was conducted in reliance upon an exemption from registration requirements under Section 3(a)(9) of the Securities Act of 1933. This strategic move is detailed in the company's Form 8-K filed with the SEC, which includes the form of Warrant Exchange Agreement as an exhibit.

On January 23, 2024, Jet.AI Inc., a Delaware-based corporation, announced the completion of Warrant Exchange Agreements with unaffiliated third-party investors. These agreements pertain to the exchange of warrants initially issued during the company's initial public offering on August 16, 2021. The warrants allowed for the purchase of an aggregate of 483,637 shares of Jet.AI Inc.'s common stock. In accordance with the agreements, the company issued the same number of common stock shares to the warrant holders in return for the surrender and cancellation of the public warrants. The transaction was conducted in reliance upon an exemption from registration requirements under Section 3(a)(9) of the Securities Act of 1933. This strategic move is detailed in the company's Form 8-K filed with the SEC, which includes the form of Warrant Exchange Agreement as an exhibit.