Jet.AI Announces Pricing of $1.5 Million Registered Direct Offering
Jet.AI Inc. (JTAI)
Company Research
Source: GlobeNewswire
LAS VEGAS, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (“Jet.AI” or the “Company”) (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase approximately 15.6 million shares of common stock in a registered direct offering at a purchase price of $0.096 per share. The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.5 million before deducting the placement agent’s fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about October 21, 2024, subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as the exclusive placement agent for the offering. The shares of common stock are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-281578), which was declared effective
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JTAI
News
- Jet.AI to Regain Compliance with Nasdaq Stockholders’ Equity RequirementGlobeNewswire
- Jet.AI Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- Jet.AI’s Board of Directors Authorizes $2 Million Share Repurchase Program and Withdrawal of S-1 Registration StatementGlobeNewswire
- UPDATED: Jet.AI Inc. Announces Reverse Stock SplitGlobeNewswire
- Jet.AI Inc. Announces Reverse Stock SplitGlobeNewswire
JTAI
Sec Filings
- 11/19/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/14/24 - Form 10-Q
- JTAI's page on the SEC website