New York, January 9, 2026, 07:08 ET — Premarket
- JTAI was down about 2% in premarket, giving back some ground after a sharp jump in the prior session
- A fresh SEC filing laid out the wrap-up of an at-the-market share sale and a reset of Series B preferred conversion terms
- Traders are keeping an eye out for follow-on financing updates and the next earnings date
Shares of Jet.AI Inc slipped about 2% in Friday premarket after surging 29% a day earlier, with investors parsing new disclosures on the company’s financing and preferred-stock terms. The Nasdaq-listed stock last traded at $0.71 and has ranged from $0.69 to $1.15 in the latest session; over the past 52 weeks it has moved between $0.52 and $11.77, according to 2 .
The latest filing matters because it ends a share-sale program that had let Jet.AI sell new stock into the market. An at-the-market, or ATM, program allows a company to sell shares gradually — typically through a broker — at prevailing prices.
Jet.AI also reset the conversion price on its Series B convertible preferred stock, which can be exchanged into common shares. The conversion price dictates how many shares could hit the market if holders convert — and for small-cap stocks, that potential dilution can hang over the name.
Jet.AI said in an 8-K filed on Thursday that it had “exhausted” its previously announced ATM offering under an equity distribution agreement with Maxim Group LLC. The company also said it would voluntarily cut the conversion price on its Series B convertible preferred stock to the closing price of its common stock on Jan. 7, 2025. Jet.AI reported 11,238,147 common shares outstanding.
In another 8-K filed Wednesday, Jet.AI laid out new employment agreements for Executive Chairman and interim CEO Michael Winston and interim CFO George Murnane. The deals set base salaries at $425,000 and $300,000 starting Jan. 1, with automatic raises if Jet.AI’s market value reaches $250 million. They also provide $1.5 million special cash bonuses linked to an anticipated change of control tied to proposed transactions with flyExclusive, the filing showed.
flyExclusive said on Thursday it is kicking off an underwritten public offering of common stock or common stock equivalents, with the deal subject to market conditions. Lucid Capital Markets will serve as the sole book-running manager, the company said in a Business Wire release.
Las Vegas-based Jet.AI bills itself as an AI data-center company, but it also runs aviation-focused AI software. That odd combo, along with a low share price, can leave the stock jumpy when capital-markets headlines hit. 1
With regular U.S. trading set to start at 9:30 a.m. ET, traders are watching whether JTAI can stay close to Thursday’s finish around $0.72 and whether bid-ask spreads — the gap between what buyers will pay and sellers will take — blow out after the open. Any follow-on SEC disclosures on preferred conversion terms or fresh fundraising could quickly reset the tape.
But those capital-structure tweaks cut both ways. Drop the conversion price on convertible preferred stock and you can end up issuing more common shares when it converts, and Jet.AI may still need fresh funding, which would leave holders staring at dilution.
Coming up next is earnings: Jet.AI is expected to report on March 26, and analysts are penciling in a loss of about 36 cents a share, based on data compiled by 3 .
