Jet.AI Announces Amendments To Its Warrant Agreements On August 21, 2024, Following An Exchange Offer And Consent Solicitation, Resulting In The Mandatory Exchange Of Outstanding Warrants For Shares Of Common Stock At A Reduced Rate, Leading To An Anticipated Issuance Of ~2.4M Shares On September 9, 2024, And A Total Increase In Outstanding Shares To ~27.1M, With All Warrants To Be Delisted Post-Exchange
Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ:JTAI), an innovative private aviation and artificial intelligence company, announced its entry with Continental Stock Transfer & Trust Company on August 21, 2024 into: (i) the 2021 Warrant Agreement Amendment, which governs the terms and conditions...