Jet.AI Inc. filed a Form S-1 registration statement for an initial public offering on 2024-09-03. It has amended it 5 times. It asked for the registration statement to be withdrawn on 2025-12-30. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our common stock is currently listed on The Nasdaq Capital Market under the symbol “JTAI”.From the S-1 filed 2025-12-01
Shares offered
6,237,256 shares of Common Stock, (or 6,537,256 shares if the underwriters exercise their option to purchase additional shares in full) based on an assumed public offering price of $2.00 per share (which is the last reported sale price of our Common Stock on Nasdaq on November 26, 2025) and assuming no sale of Pre-Funded Warrants, which, if sold, would reduce the number of shares of Common Stock that we are offering on a one-for-one basis.From the S-1 filed 2025-12-01
Use of proceeds
We intend to use the net proceeds from the sales of the securities offered by this prospectus primarily for general working capital needs, the further development of announced and pending data center projects, and our ongoing operations in the data center space.From the S-1 filed 2025-12-01
Revenue
Revenues for the third quarter of 2025 totaled $1.7 million, a $2.2 million decrease from 2024’s third quarter revenues of $3.9 million, and were comprised of $884,000 in services revenue from the management of customers’ aircraft, $0.6 million of revenues related to our software App Cirrus and Charter program (being $591,000 in software-related revenue and $51,000 in revenue from the chartering of our HondaJets by our operating partner Cirrus), and $185,000 in Jet Card revenue for hours flown and other charges based on hours flown.From the S-1 filed 2025-12-01
Net loss or income
After deducting cumulative preferred stock dividends of approximately $47,000 in 2023, which have been accruing since the August 2023 issuance date of the Series A Preferred Shares and Series A-1 Preferred Shares, net loss to common stockholders increased by $4.9 million.From the S-1/A filed 2024-10-15
Withdrawal
Pursuant to Rule 477 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), Jet.AI Inc. (the “ Registrant ”) hereby respectfully requests that the U.S. Securities and Exchange Commission (the “ Commission ”) consent to the withdrawal, effective as of the date hereof, of the Registrant’s Registration Statement on Form S-1 (File No. 333-291871), together with all exhibits and amendments thereto, initially filed to the Commission on December 1, 2025 (the “ Registration Statement ”).From the RW filed 2025-12-30
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-09-03 | Registration statement amended | S-1/A |
| 2024-09-03 | Registration statement filed | S-1 |
| 2024-09-26 | Registration statement amended | S-1/A |
| 2024-10-09 | Registration statement amended | S-1/A |
| 2024-10-10 | Registration statement amended | S-1/A |
| 2024-10-15 | Registration statement amended | S-1/A |
| 2024-11-13 | Request to withdraw a registration (Form S-1) | RW |
| 2025-12-01 | Registration statement filed | S-1 |
| 2025-12-30 | Request to withdraw a registration (Form S-1) | RW |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.