Summary by Moomoo AI
On October 21, 2024, Jet.AI Inc., a private aviation and artificial intelligence company, reported the successful completion of a securities purchase agreement with several institutional investors. The agreement resulted in the sale of 15,625,000 shares of common stock at a price of $0.096 per share, leading to gross proceeds of approximately $1.5 million before deductions for the placement agent's fees and other estimated offering expenses. The offering was conducted under a shelf registration statement on Form S-3, declared effective by the SEC on September 9, 2024. In conjunction with the offering, Jet.AI Inc. filed a prospectus supplement with the SEC. Additionally, the company entered into a placement agency agreement with Maxim Group LLC, granting them a right of first refusal to act as the...Show More
