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JTAI$0.991+12.59%

Jet.AI Inc.

Sector: Air Transportation, NonscheduledIndustry: Software - ApplicationCountry: USExchange: Nasdaq

Mkt Cap$3.53M
Float & O/S
Inst Own

DilutionScan read 35 of Jet.AI Inc.'s SEC filings and found 2 warrant series, 1 convertible, 2 ATM programs, 1 equity line, 6 shelf registrations, 4 S-1 registrations and 3 completed offerings on file for JTAI. The latest dilution event on file is ATM sales on Jul 31, 2026. Analysis updated Nov 1, 2026.

Signal8 Summary

JTAI

Going-concern warning and reverse split

Snapshot

Jet.AI is a tiny micro-cap with a struggling aviation business. FY 2025 revenue was $9.2M, down 34.6% year-over-year, and the company posted a negative gross profit of $300K, meaning it costs more to run the service than it brings in.

What's Happening Right Now

  • : Jet.AI signed a non-binding letter of intent to merge with a privately held operating company in a deal valued at approximately $320 million, planning to spin off its data center business.
  • : Jet.AI closed its transaction with flyExclusive, distributing SpinCo shares to stockholders and completing its transition to a pure-play AI infrastructure company.
  • : The Board authorized a formal review of strategic alternatives for its equity interest in SpaceX, including a potential spin-off or sale, citing the anticipated IPO.

Raise routes on file: active ATM + effective shelf + effective S-1 · latest dilution event 95 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Jul 31, 2026 · ATM Sale

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 4

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2024

Completed

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · primary and resale

Issued 2023

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 registration

Issued 2024

Withdrawn

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · primary offering

Issued 2025

Withdrawn

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 2

What is this?

Exercise price, shares and dates with Pro

Warrant

Issued 2023

Expired

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2024

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 1

What is this?

Principal, conversion terms and dates with Pro

Series B Convertible Preferred Stock

Converted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

ATM · 2

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2024

Exhausted

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

ATM program

Issued 2025

Active

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2022

Expired

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Shelf · 6

What is this?

Capacity, dates and baby-shelf status with Pro

S-3 shelf registration

Issued 2024

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3MEF shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2026

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2024

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

S-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 3

What is this?

Proceeds, price, shares and agent with Pro

ATM block sale

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

ATM block sale

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

ATM block sale

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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