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The Jet

Operating

Jet LLC

Travel & Hospitality · Travel · Founded 2022

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Luxury intercity motorcoach company featuring world's first motion-canceling passenger seat

Latest valuation ⓘ
$125.0M
Total raised
$235,307
Across 1 round since 2022
Latest share price
$185.72
Reg CF · Preferred Stock · Dec 2022 offering price

Financials

FY2020–FY2021 · from SEC filings · hover any figure for its source
$1K
−$463K
2020
$124K
−$1.1M
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
Income statement
Revenue
$1,000
$123,910
Cost of goods sold
$0
$0
Gross margin
100%
100%
Net income
-$462,531
-$1,116,894
Taxes paid
$0
$0
Balance sheet
Cash
$705,824
$162,447
Accounts receivable
$0
$0
Total assets
$4,146,395
$3,576,210
Short-term debt
$189,730
$204,236
Long-term debt
$1,071,274
$962,301
Total liabilities
$1,261,004
$1,166,537
Other
Headcount
—
26

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Cap table

Principal holders% as the filing states it, Dec 20, 2022

  • Charles Scarborough IV90.0%of company
  • Noel Patton4.2%of company
  • Charles Scarborough III3.3%of company
  • W. Keith Prusek1.7%of company
  • Edmund Bentson0.8%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · Preferred Stock · Dec 2022Closedvia SeedInvest
Raised $235.3K / $1.2M

Team

2 people
Chad ScarboroughFounder
FOUNDER AND CEO
Rob Thorpe
COO

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 4 annual reports (FY2022–FY2025)

Missing: 2022, 2023, 2024, 2025

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UFeb 27, 20230001957519-23-000001
    EDGAR
  • Form C/ADec 20, 20220001957519-22-000004
    EDGAR
  • Form CDec 19, 20220001957519-22-000003
    EDGAR
Source: ManualCIK 0001957519Share price $185.72

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.