Jet.AI Inc. announced that it will issue senior secured promissory notes for aggregate principal amount of $625,000 for 20% discount for aggregate gross proceeds of $500,000 on September 11, 2023. The notes bear interest at 5% per annum and mature on March 11, 2024. The company is required to redeem the notes with 100% of the proceeds of any equity or debt financing at a redemption premium of 110% of the principal amount of the notes.