Jet Token Secures $40mm Commitment for Post IPO Funding

This comes during a record demand in the private jet market, so aiming for a more innovative approach makes sense. Jet Token has already raised $11 million through a funding campaign supported by over 30,000 investors and thousands of users who want a private jet membership. Interest in Jet Token stock has risen in the past couple of years, as it’s paving the way for a new solution for private air travel. The ongoing Reg A+ offering is made available through StartEngine Primary, LLC, member FINRA/SIPC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

• Verijet briefly announced similar plans before its SPAC partner instead decided to liquidate.
• All cash remaining on the combined company’s balance sheet at the closing of the transaction, after the settlement of transaction-related expenses, is expected to be utilized for working capital and general corporate purposes.
• However, as founder Mike Winston is quick to point out, planes are different from cars and therefore a comparison to Uber, while intuitively helpful, does not truly reflect the complexities of aircraft sharing.
• Currently, Jet Token’s token is only used behind the scenes on the platform itself when a member trades their unused flight time.
• We’re sure as time goes on and more people are looking for ways to fly in comfort that this Jet Token will expand.

But if it ultimately goes public, its stock might be a good option if you want to add private aviation to your portfolio. The company entered the market in 2013 and has since gone on to become publicly traded. The private jet industry is ready for innovation, and Jet Token may be the one to push it forward. Private travelers are unable to determine if they are being charged fair prices because there isn’t a reliable and transparent portal for booking flights. Right now, private aviation is fragmented when it comes to booking travel. Cirrus Aviation is another partner, the premier private jet charter and management firm.

Long-Term Price Predictions for Next Months and Year: 2023, 2024

Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. The transaction has been unanimously approved by the boards of directors of Jet Token and Oxbridge.

Jet Token, a Delaware corporation headquartered in Las Vegas, Nevada, was founded in 2018 by Michael Winston, its Executive Chairman. Before Jet Token’s newest HondaJet Elite could lift off the runway on delivery day, the company had pre-sold its jet card capacity. Jet Token is one of two options for the public to buy shares in a pure-play private aviation company and to get behind the COVID-related private travel boom.

What is the jet token platform?

Currently, the system requires manual booking confirmation from Jet Token’s headquarters. Continuing to rely on a manual component would not affect Jet Token’s goals, but it would mean the platform retains a broker-like element. This limits its speed and accessibility compared to mainstream travel booking platforms such as Expedia. Currently, Jet Token’s token is only used behind the scenes on the platform itself when a member trades their unused flight time. Despite being very future oriented, the company remains cautious due to the volatility of cryptocurrencies.

Specifically, one can get away with not having a car and instead rely on Uber, but when it comes to airplanes – the supply demand imbalance at certain points each year – makes such an approach unrealistic. Each day our team does live streaming where we focus on real-time group mentoring, coaching, hvconline and stock training. We teach day trading stocks, options or futures, as well as swing trading. Our live streams are a great way to learn in a real-world environment, without the pressure and noise of trying to do it all yourself or listening to “Talking Heads” on social media or tv.

How is jet token “democratizing” the private jet industry?

As such, Jet Token shareholders are expected to receive total mixed consideration of $105 million, or $0.72/per Jet Token share. The funding and capital markets access from this transaction is expected to enable Jet Token to continue its growth strategy of AI software development and fleet expansion. Jet.AI has signed an agreement for a business combination with Oxbridge Acquisition Corp. Please see “Important Information About the Proposed Business Combination and Where to Find It” below for additional information related to the proposed business combination.

To make matters more challenging, Jet Token is still developing its two main competitive edges — its use of blockchain and its offer of mixed charter and commercial planes in one booking. With Jet Token’s innovative ideas, its future could certainly be bright, but at this point, it’s still too early to say. Jet Token is a private aviation booking and membership platform. Simply enter your estimated annual flight hours and flight time you want to compare. This is ideal if you charter on-demand or own a fractional share.

Jetcoin Price Prediction, JET Forecast

This press release relates to a proposed transaction between Jet Token and Oxbridge (the “Business Combination”). In connection with the proposed Business Combination, Oxbridge intends to file a registration statement on Form S-4 with the SEC that will include a proxy statement of Oxbridge and a prospectus of the combined entity. The proxy statement/prospectus will be sent to all Oxbridge shareholders. Oxbridge will also file other documents regarding the proposed Business Combination with the SEC. As a result, caution must be exercised in relying on forward-looking statements, which speak only as of the date they were made.

Jet Token is a booking platform that brings together private jets and commercial flights from third parties to offer a more affordable and convenient way to travel. Through this platform, Jet Token is looking to revolutionize a form of transportation that was previously inaccessible to most. Allowing for various forms of membership and investment, it aims to demystify the industry and open it up to a wider range of customers. The platform accepts both crypto and fiat currencies and plans to build an app on the Ethereum network. Though there are other private charter companies doing similar things, Jet Token is setting itself apart by “democratizing” the industry.

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The determination to procure JeToken is entirely contingent on your individualistic risk tolerance. As you may discern, JeToken’s value has experienced a fall of 0% during the preceding 24 hours, and JeToken has incurred a growth of 1.46% over the prior 30-day duration. Consequently, the determination of whether or not to invest in JeToken will hinge on whether such an investment aligns with your trading aspirations. This calculation shows how much cryptocurrency can cost if we assume that its capitalization will behave like the capitalization of some Internet companies or technological niches. If you extrapolate the data projections, you can get a potential picture of the future JeToken price for 2022, 2023, 2024, 2025, 2026, and 2027.

We want to feel good about what we do, and the results and reviews speak for themselves. Also, we provide you with free options courses that teach you how to implement our trades as well. Our watch lists and alert signals are great for your trading education and learning experience. Meanwhile, there are some competitors that you can invest in, but your options are rather limited. And while access to Jet Token is currently only available in the Southwest United States, it’s likely to catch on elsewhere. So if you are intent on becoming a part of Jet Token and supporting the company, you have options to do so.

Another key member of Jet Token’s team is Brenda Paauwe-Navori, Head of Sales and member of the Advisory Board. Brenda is an aviation and space veteran with over 25 years of senior leadership at global industry giants such as Embraer Aircraft Inc., Antilles Genot & Partners, Virgin Group, and Bombardier Aviation. In 2014, her life’s journey helped inspire the Disney movie Million Dollar Arm, starring John Hamm, Suraj Sharma, and Alan Arkin. We strive to help our readers gain valuable, trusted insights through in-depth analysis, high-quality and well-researched News stories and views from the digital currency community experts.