Filing Details

Accession Number:
0001753926-25-000262
Form Type:
13G Filing
Publication Date:
2025-02-20 19:00:00
Filed By:
Ionic Ventures, LLC
Company:
Jet.ai Inc.
Filing Date:
2025-02-21
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Beneficially Owned Number of Shares Beneficially Owned Number of Aggregate Shares Percent of Class
Ionic Ventures, LLC 0 239,901 9.9%
Ionic Management, LLC 0 239,901 9.9%
Brendan O'Neil 0 239,901 9.9%
Keith Coulston 0 239,901 9.9%
Filing





Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Checkbox not checked   Rule 13d-1(b)
Checkbox checked   Rule 13d-1(c)
Checkbox not checked   Rule 13d-1(d)






SCHEDULE 13G



Comment for Type of Reporting Person:  As more fully described in Item 4 of this Statement on Schedule 13G (this ''Schedule 13G''), such shares and percentage are based on 2,161,516 shares of common stock, par value $0.0001 per share, of the issuer (the ''Common Stock''), outstanding as of February 11, 2025, as disclosed in the registration statement on Form S-4 (File No. 333-284960), filed by flyExclusive, Inc., an entity with which the issuer has entered into a merger agreement, with the U.S. Securities and Exchange Commission on February 14, 2025 (the ''Registration Statement''). Ownership consists of an aggregate of up to 239,901 shares of Common Stock issuable in any combination upon (x) conversion of 450 shares of Series B Convertible Preferred Stock, par value $0.0001 per share, of the issuer (the ''Preferred Stock'') held directly by the reporting person, further conversions of which are subject to a 9.99% beneficial ownership limitation provision (the ''Blocker'') contained in the issuer's Certificate of Designations of the Preferred Stock (the ''Certificate of Designations'') and (y) conversion of 850 shares of Preferred Stock issuable upon full exercise of purchase warrants (the ''Warrants'') held directly by the reporting person.


SCHEDULE 13G



Comment for Type of Reporting Person:  As more fully described in Item 4 of this Schedule 13G, such shares and percentage are based on 2,161,516 shares of Common Stock outstanding as of February 11, 2025, as disclosed in the Registration Statement. Ownership consists of an aggregate of up to 239,901 shares of Common Stock issuable in any combination upon (x) conversion of 450 shares of Preferred Stock held indirectly by the reporting person, further conversions of which are subject to a 9.99% Blocker contained in the Certificate of Designations and (y) conversion of 850 shares of Preferred Stock issuable upon full exercise of the Warrants held indirectly by the reporting person.


SCHEDULE 13G



Comment for Type of Reporting Person:  As more fully described in Item 4 of this Schedule 13G, such shares and percentage are based on 2,161,516 shares of Common Stock outstanding as of February 11, 2025, as disclosed in the Registration Statement. Ownership consists of an aggregate of up to 239,901 shares of Common Stock issuable in any combination upon (x) conversion of 450 shares of Preferred Stock held indirectly by the reporting person, further conversions of which are subject to a 9.99% Blocker contained in the Certificate of Designations and (y) conversion of 850 shares of Preferred Stock issuable upon full exercise of the Warrants held indirectly by the reporting person.


SCHEDULE 13G



Comment for Type of Reporting Person:  As more fully described in Item 4 of this Schedule 13G, such shares and percentage are based on 2,161,516 shares of Common Stock outstanding as of February 11, 2025, as disclosed in the Registration Statement. Ownership consists of an aggregate of up to 239,901 shares of Common Stock issuable in any combination upon (x) conversion of 450 shares of Preferred Stock held indirectly by the reporting person, further conversions of which are subject to a 9.99% Blocker contained in the Certificate of Designations and (y) conversion of 850 shares of Preferred Stock issuable upon full exercise of the Warrants held indirectly by the reporting person.


SCHEDULE 13G


 
Ionic Ventures, LLC
 
Signature:/s/ Ionic Ventures, LLC
Name/Title:Keith Coulston, Manager of Ionic Management, LLC, Manager of Ionic Ventures, LLC
Date:02/21/2025
 
Ionic Management, LLC
 
Signature:/s/ Ionic Management, LLC
Name/Title:Keith Coulston, Manager
Date:02/21/2025
 
Brendan O'Neil
 
Signature:/s/ Brendan O'Neil
Name/Title:Brendan O'Neil
Date:02/21/2025
 
Keith Coulston
 
Signature:/s/ Keith Coulston
Name/Title:Keith Coulston
Date:02/21/2025

Comments accompanying signature:  See Exhibit 1 filed herewith.