Summary by Moomoo AI
Jet.AI Inc. has submitted a response to the U.S. Securities and Exchange Commission (SEC) addressing comments from the SEC's Division of Corporation Finance regarding its Registration Statement on Form S-4, initially filed on June 27, 2024. The response, dated July 11, 2024, includes the submission of a first amendment to the Registration Statement, reflecting changes made to address the SEC's comments and other updates. The SEC's comments pertained to the company's exchange offer and consent solicitation, the right to cancel or terminate the offer, the redemption of warrants, and the determination of the validity and acceptance of tendered warrants. Jet.AI has revised its disclosures in the amendment to comply with the SEC's requests, including the removal of certain language and the addition of required sales price data for warrants. Additionally, the company clarified that a business combination, previously mentioned in its disclosures, was completed in August 2023.
