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Jet.AI Announces Pricing of $1.5 Million Registered Direct Offering
GlobeNewswire News Room· 2024-10-18 18:00
Core Viewpoint - Jet.AI Inc. has entered into a securities purchase agreement to sell approximately 15.6 million shares of common stock at a price of $0.096 per share, aiming to raise about $1.5 million in gross proceeds before expenses [1]. Group 1: Securities Offering - The offering is part of a registered direct offering and is expected to close around October 21, 2024, pending customary closing conditions [1]. - Maxim Group LLC is acting as the exclusive placement agent for this offering [1]. - The shares are being offered under a shelf registration statement on Form S-3, which was declared effective by the SEC on September 9, 2024 [2]. Group 2: Company Overview - Jet.AI operates in two segments: Software and Aviation [3]. - The Software segment includes the B2C CharterGPT app and the B2B Jet.AI Operator platform, utilizing natural language processing and machine learning to enhance the private jet booking experience [3]. - The Aviation segment offers services such as jet aircraft fractions, jet cards, on-fleet charter, management, and buyer's brokerage [3]. - Jet.AI is an official partner of the Las Vegas Golden Knights, the 2023 NHL Stanley Cup champions [3]. - The company was founded in 2018 and is based in Las Vegas, Nevada, and San Francisco, California [3].
OXBRIDGE ACQUISI(OXAC) - Prospectus(update)
2024-10-15 20:26
to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Jet.AI Inc. (Exact name of registrant as specified in its charter.) As filed with the Securities and Exchange Commission on October 15, 2024 Registration No. 333-279385 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Number) Delaware 4522 93-2971741 (IRS Employer Identification No.) 10845 Griffit ...
Jet.AI Set to Push the Boundaries of Aviation Technology with Enhanced AI Capabilities
GlobeNewswire News Room· 2024-10-15 14:00
Core Insights - Jet.AI Inc. has announced advancements in its AI-driven software offerings, CharterGPT and Reroute AI, set to debut at the 2024 NBAA Business Aviation Convention & Exhibition [1][5] - The company aims to enhance the private aviation experience through innovative technology that improves booking efficiency and operator response times [2][3] Product Overview - **CharterGPT**: This product integrates voice capabilities and enhanced comprehension, allowing the AI agent to listen, understand, and execute booking requests with high accuracy and efficiency [2] - **Reroute AI**: This software continuously scans the inventory of empty legs in the US to find candidates that match consumer trip requests, marking a significant advancement in travel technology [3] Company Vision - The founder of Jet.AI, Mike Winston, emphasizes the goal of making machine interaction as useful as possible before human interaction, showcasing a demo where an AI version of himself could carry out booking requests [4] - The technology is designed to perform tasks traditionally handled by humans, aiming to generate revenue and improve operational efficiency [4] Event Participation - Jet.AI will showcase its AI solutions at the NBAA Business Aviation Convention & Exhibition 2024, with demonstrations scheduled to highlight the capabilities of CharterGPT and Reroute AI [5] Company Structure - Jet.AI operates in two segments: Software and Aviation. The Software segment includes the B2C CharterGPT app and the B2B Jet.AI Operator platform, while the Aviation segment encompasses various services related to jet aircraft [5]
Jet.AI to Participate in the 2024 NBAA Business Aviation Convention & Exhibition on October 22-24, 2024
GlobeNewswire News Room· 2024-10-10 14:00
Company Overview - Jet.AI Inc. is an innovative private aviation and artificial intelligence company, founded in 2018, with headquarters in Las Vegas, Nevada, and San Francisco, California [3] - The company operates in two segments: Software and Aviation [3] - The Software segment includes the B2C CharterGPT app and the B2B Jet.AI Operator platform, which enhance the private jet booking experience and provide tools for FAA Part 135 charter providers [3] - The Aviation segment offers services such as jet aircraft fractions, jet cards, on-fleet charter, management, and buyer's brokerage [3] - Jet.AI is an official partner of the Las Vegas Golden Knights, the 2023 NHL Stanley Cup champions [3] Industry Event Participation - Jet.AI will participate in the 2024 NBAA Business Aviation Convention & Exhibition (NBAA-BACE) from October 22-24, 2024, at the Las Vegas Convention Center [1] - NBAA-BACE is recognized as the world's largest business aviation event, showcasing advanced air mobility vehicles and innovations aimed at enhancing aviation safety, sustainability, and accessibility [2]
OXBRIDGE ACQUISI(OXAC) - Prospectus(update)
2024-10-10 12:07
Jet.AI Inc. (Exact name of registrant as specified in its charter.) As filed with the Securities and Exchange Commission on October 10, 2024 Registration No. 333-279385 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 4 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Number) Delaware 4522 93-2971741 (IRS Employer Identification No.) 10845 Griffit ...
OXBRIDGE ACQUISI(OXAC) - Prospectus(update)
2024-10-09 13:01
As filed with the Securities and Exchange Commission on October 9, 2024 Registration No. 333-281911 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Jet.AI Inc. (Exact name of registrant as specified in its charter.) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Number) Delaware 4522 93-2971741 (IRS Employer Identification No.) 10845 Griffith ...
OXBRIDGE ACQUISI(OXAC) - Prospectus(update)
2024-09-26 21:24
As filed with the Securities and Exchange Commission on September 25, 2024 Registration No. 333-279385 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Jet.AI Inc. (Exact name of registrant as specified in its charter.) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Number) Delaware 4522 93-2971741 (IRS Employer Identification No.) 10845 Griff ...
Jet.AI (JTAI) - Prospectus(update)
2024-09-26 21:24
As filed with the Securities and Exchange Commission on September 25, 2024 Registration No. 333-279385 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 3 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Jet.AI Inc. (Exact name of registrant as specified in its charter.) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Number) Delaware 4522 93-2971741 (IRS Employer Identification No.) 10845 Griff ...
Jet.AI Opens New JetLeg.AI app to Beta Testers
GlobeNewswire News Room· 2024-09-13 14:00
LAS VEGAS, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. ("Jet.AI" or the "Company") (NASDAQ: JTAI), an innovative private aviation and artificial intelligence company, invites users to beta test the web version of JetLeg.AI, designed as an iOS/Android app that redirects previously wasted empty private flights into new lower cost charters. The easy-to-use app features AI trip finding, matching, and suggestions. Users may sign up and explore JetLeg.AI's capabilities in advance of live connectivity to the ai ...
Jet.AI Provides Encouraging Updates Around its Software Solutions
GlobeNewswire News Room· 2024-09-11 14:00
Core Insights - Jet.AI Inc. is advancing its proprietary technology stack, including CharterGPT, DynoFlight, and Reroute AI, to enhance private aviation services and integrate artificial intelligence into revenue-generating tasks [1][2] Product Growth Metrics - CharterGPT has expanded its user base from 6,038 to 33,088 within a year, processing $5.5 million in RFQs in August 2024, and achieving 1,852 monthly active users with 4,318 User API actions [3] - DynoFlight V2 has improved processing speed by 10 times, increased carbon credit projects by 100 times, and integrated with FL3XX in Q2 2024 [3] - Reroute AI has analyzed 18,796 flight requests and matched 2,029 trip needs with 13,909 empty legs in the last 45 days [3][6] Upcoming Product Launches - CharterGPT Version 2 is set to launch in Q4 2024, featuring enhanced voice interaction capabilities and improved user experience through 1:1 parity between AI, API, and GUI options [4] Integration and Sustainability Efforts - DynoFlight V2 now integrates with FL3XX, providing real-time predictions and tools for users to engage in carbon credit projects, emphasizing the company's commitment to sustainability [5] - Reroute AI will soon integrate with CharterGPT to help users find affordable flights by utilizing empty leg inventories, enhancing operational efficiency [6] Company Overview - Jet.AI operates in two segments: Software and Aviation, with the Software segment focusing on the B2C CharterGPT app and the B2B Jet.AI Operator platform, aimed at improving the private jet booking experience and maximizing efficiency for charter providers [7]