SEC Comment Letter 0000000000-23-013743 to Jet.AI Inc. (JTAI)
Jet.AI Inc.
Date: Dec. 15, 2023 · CIK: 0001861622 · Accession: 0000000000-23-013743
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 333-274432
Letter
United States securities and exchange commission logo December 15, 2023 Mike Winston Executive Chairman and Interim Chief Executive Officer Jet.AI Inc. 10845 Griffith Peak Dr. Suite 200 Las Vegas, Nevada 89135 Re:Jet.AI Inc. Amendment No. 2 to Registration Statement on Form S-1 Filed November 30, 2023 File No. 333-274432 Dear Mike Winston: We have reviewed your amended registration statement and have the following comment(s). Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Amendment No. 2 to Registration Statement on Form S-1 General 1.Please update your disclosure regarding the status of your compliance with Nasdaq’s continued listing criteria. In this regard, we note that on December 1, 2023, you received a Notification Letter from the Listing Qualifications Department of The Nasdaq Stock Market and were provided 45 calendar days from the date of the Notification Letter, or until January 15, 2024, to submit a plan to regain compliance with Nasdaq's continued listing criteria. Also revise your risk factor disclosure to address the impact of a potential delisting on the Company and its shareholders, including without limitation, under the Share Purchase Agreement, Forward Purchase Agreement and FPA Funding Amount PIPE Subscription Agreement.
FirstName LastNameMike Winston Comapany NameJet.AI Inc. December 15, 2023 Page 2 FirstName LastName Mike Winston Jet.AI Inc. December 15, 2023 Page 2 Please contact Irene Barberena-Meissner, Staff Attorney, at 202-551-6548 or Daniel Morris, Legal Branch Chief, at 202-551-3314 with any other questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: Jeanne Campanelli, Esq.
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United States securities and exchange commission logo
December 15, 2023
Mike Winston
Executive Chairman and Interim Chief Executive Officer
Jet.AI Inc.
10845 Griffith Peak Dr.
Suite 200
Las Vegas, Nevada 89135
Re:Jet.AI Inc.
Amendment No. 2 to Registration Statement on Form S-1
Filed November 30, 2023
File No. 333-274432
Dear Mike Winston:
We have reviewed your amended registration statement and have the following
comment(s).
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe a comment applies to your facts and circumstances
or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you
provide in response to this letter, we may have additional comments.
Amendment No. 2 to Registration Statement on Form S-1
General
1.Please update your disclosure regarding the status of your compliance with Nasdaq’s
continued listing criteria. In this regard, we note that on December 1, 2023, you received
a Notification Letter from the Listing Qualifications Department of The Nasdaq Stock
Market and were provided 45 calendar days from the date of the Notification Letter, or
until January 15, 2024, to submit a plan to regain compliance with Nasdaq's continued
listing criteria. Also revise your risk factor disclosure to address the impact of a potential
delisting on the Company and its shareholders, including without limitation,
under the Share Purchase Agreement, Forward Purchase Agreement and FPA Funding
Amount PIPE Subscription Agreement.
FirstName LastNameMike Winston
Comapany NameJet.AI Inc.
December 15, 2023 Page 2
FirstName LastName
Mike Winston
Jet.AI Inc.
December 15, 2023
Page 2
Please contact Irene Barberena-Meissner, Staff Attorney, at 202-551-6548 or Daniel
Morris, Legal Branch Chief, at 202-551-3314 with any other questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: Jeanne Campanelli, Esq.