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424B5: Prospectus

SEC ·  Oct 21 10:40

Summary by Moomoo AI

JetAI Inc. (JTAIZ.US), a private air charter company specializing in artificial intelligence technology for private aircraft travel, has announced a prospectus supplement to its existing shelf registration statement. The company, traded on the Nasdaq Stock Market under the symbol 'JTAI', is authorized to issue up to $50,000,000 in various securities, including common stock, preferred stock, debt securities, warrants, rights, and units. This move allows JetAI to offer these securities from time to time in one or more offerings, with the flexibility to determine the specific terms during each offering. The prospectus supplement details the potential methods of sale, which may include direct sales to investors, through agents, or via underwriters. The company's common stock is currently listed on the...Show More
JetAI Inc. (JTAIZ.US), a private air charter company specializing in artificial intelligence technology for private aircraft travel, has announced a prospectus supplement to its existing shelf registration statement. The company, traded on the Nasdaq Stock Market under the symbol 'JTAI', is authorized to issue up to $50,000,000 in various securities, including common stock, preferred stock, debt securities, warrants, rights, and units. This move allows JetAI to offer these securities from time to time in one or more offerings, with the flexibility to determine the specific terms during each offering. The prospectus supplement details the potential methods of sale, which may include direct sales to investors, through agents, or via underwriters. The company's common stock is currently listed on the Nasdaq Capital Market, and as of the announcement, the aggregate market value of outstanding shares held by non-affiliates was approximately $20,074,720. The announcement also outlines the company's governance structure, including a classified board of directors and provisions that may affect future takeovers or changes in control. The company's financial statements have been audited by Hacker Johnson & Smith P.A., an independent registered public accounting firm.
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