JetAI ( (JTAI) ) has issued an update.
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Jet.AI Inc., an innovative company in private aviation and AI, has announced a securities purchase agreement to sell 26.6 million shares at $0.09 each, aiming to raise approximately $2.4 million in gross proceeds. The registered direct offering is scheduled to close on October 11, 2024, with Maxim Group LLC serving as the exclusive placement agent. This move is part of a broader strategy under a shelf registration statement declared effective by the SEC on September 9, 2024.
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