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Correction Notice of First Quarter 2024 Financial Results Press Release
LAS VEGAS, May 16, 2024 (GLOBE NEWSWIRE) -- Jet.AI Inc. (the "Company") (NASDAQ:JTAI), an innovative private aviation and artificial intelligence ("AI") company, today announced a correction to its press release originally issued on May 15, 2024, reporting its financial results for the first quarter ended March 31, 2024.
In the original press release, the Company stated that it "…raised a $16.5 million convertible preferred from Ionic Ventures LLC." The Company would like to update the statement to reflect that it "…entered into a $16.5 million convertible preferred from Ionic Ventures LLC and have received proceeds of $1.5 million so far."
The correction to the press release has no negative impact on the Company's financials. The financial statements were correct in the original press release and have not changed.
About Jet.AIJet.AI operates in two segments, Software and Aviation, respectively. The Software segment features the B2C CharterGPT app and the B2B Jet.AI ...