Jet.AI offers up to 2 million shares at $2.00 each

Jet.AI Inc. (NASDAQ: JTAI) announced a public offering of up to 2 million shares of common stock at an assumed price of $2.00 per share. The company stated the offering price is based on the closing price on the Nasdaq Stock Market on November 26, 2025.

The actual public offering price will be determined between the company, underwriters, and investors at the time of pricing and may be at a discount to the current market price. The company noted the assumed offering price may not be indicative of the final price.

For purchasers whose stock purchase would result in beneficial ownership exceeding 4.99% or 9.99% of outstanding shares, Jet.AI is offering pre-funded warrants as an alternative. These warrants would be priced at the public offering price minus $0.0001, which represents the exercise price per share.

The pre-funded warrants are immediately exercisable and may be exercised at any time until fully exercised. For each pre-funded warrant sold, the number of common stock shares offered will decrease on a one-for-one basis.

The information is based on a company press release statement.

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