Summary by Moomoo AI
Jet.AI Inc. has been actively engaged in financial activities involving unregistered securities since September 1, 2020. The company executed various transactions, including offerings under Regulation A, private placements, and warrant agreements. Noteworthy dealings include a business combination with Oxbridge Acquisition Corp., private placements with GEM Yield LLC SCS and GEM Yield Bahamas Limited, and a securities purchase agreement with Ionic Ventures, LLC. Additionally, Jet.AI Inc. has adopted an Omnibus Incentive Plan, amended its Certificate of Incorporation and Bylaws, and utilized financial instruments such as promissory notes for short-term financing. The company has also entered into lease agreements for aircraft operations and indemnified its directors and officers, while maintaining liability insurance for them. Financial instruments are reported to carry values close to fair value, and the company is current with its tax filings in various jurisdictions. Recent activities include warrant exchange agreements, common stock issuances, and the repayment of bridge notes.
