Summary by Moomoo AI
Jet.AI Inc., a Delaware-based company, has filed its annual financial report for the fiscal year ended December 31, 2023. The report includes a settlement agreement with Maxim Group LLC, involving the issuance of shares and preferred stock to settle payment obligations. Additionally, a settlement with OAC Sponsor Ltd. was made to address a promissory note obligation. Jet.AI also entered into a bridge agreement with several investors, including executive officers, for short-term financing. The company engaged Maxim as a financial advisor and investment banker, and a placement agency agreement was made in connection with a private placement with Ionic Ventures, LLC. The report also outlines related party transactions, including administrative services agreements and loans from related parties. The company...Show More